Online Assessment - Iwill - Cce/CCO

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047_lkomuthoot
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Quizzes Created: 1 | Total Attempts: 150
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  • 1/10 Questions

    Which of the following Division is promoting “iWill” ? 

    • MPMC
    • Forex
    • Money Transfer
    • MSTL
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About This Quiz

The 'Online Assessment - iWILL - CCE\/CCO' quiz evaluates knowledge on the 'iWill' initiative by MSTL, in partnership with Willjini. It covers product details, preparation process, and legal requirements, essential for professionals involved in estate planning and online legal services.

Online Assessment - Iwill - Cce/CCO - Quiz

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  • 2. 

    We have a tie-up with the -------Organization for “iWill” 

    • Willcraft

    • Willhawai

    • Willjini

    • Uwill

    Correct Answer
    A. Willjini
    Explanation
    The correct answer is "Willjini" because the question states that there is a tie-up with an organization for "iWill". Among the given options, only "Willjini" matches the pattern "iWill". Therefore, "Willjini" is the correct answer.

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  • 3. 

    The Portal of “iWill” is …. 

    • Muthootgroupiwill.com

    • MIBPL.com

    • MuthootForex.com

    • Muthootiwill.com

    Correct Answer
    A. Muthootiwill.com
    Explanation
    The correct answer is Muthootiwill.com because it is the only option that includes the name "Muthoot" which matches the given information in the question. The other options, Muthootgroupiwill.com, MIBPL.com, and MuthootForex.com, do not include the word "Muthoot" and are therefore not the correct answer.

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  • 4. 

    “iWill” is a ……….Product ? 

    • OTC

    • Offline

    • Online

    • Manual Process

    Correct Answer
    A. Online
    Explanation
    The correct answer is "Online" because "iWill" is most likely a product that is available or accessible through the internet. This could mean that it is a digital product, a service that is provided online, or a physical product that can be purchased online.

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  • 5. 

    How many days are allotted to prepare “iWill” after registration? 

    • 50

    • 60

    • 70

    • 25

    Correct Answer
    A. 60
    Explanation
    After registration, a total of 60 days are allotted to prepare "iWill".

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  • 6. 

    Incentive Amount for canvassed staff per “iWill” is….. 

    • 100

    • 400

    • 500

    • 250

    Correct Answer
    A. 400
    Explanation
    The incentive amount for canvassed staff per "iWill" is 400.

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  • 7. 

    “iWill” is required to be 

    • Notarized

    • Compulsory Registered

    • Witnessed by 2 Persons

    • Attested by a Magistrate

    Correct Answer
    A. Witnessed by 2 Persons
    Explanation
    The document "iWill" needs to be witnessed by two persons. Witnessing a document involves having two individuals present who can attest to the signing of the document and verify its authenticity. This ensures that there are reliable witnesses who can confirm the validity of the document if needed in the future. Notarizing, compulsory registration, and attestation by a magistrate are not required in this case.

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  • 8. 

    “iWill” is a part of… 

    • Annual Returns

    • Corporate Plan

    • Financial Plan

    • Wealth Succession plan

    Correct Answer
    A. Wealth Succession plan
    Explanation
    "iWill" is a term commonly used to refer to a legal document called a "Will" or "Last Will and Testament". A Will is a part of a Wealth Succession plan as it outlines how a person's assets and property should be distributed after their death. It ensures that the person's wealth is passed on to their chosen beneficiaries according to their wishes. Therefore, "iWill" is a part of a Wealth Succession plan.

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  • 9. 

    The Charges for preparing one iWill (including Taxes) ?

    • 4600

    • 4000

    • 4500

    • 3500

    Correct Answer
    A. 4600
    Explanation
    The correct answer is 4600. This suggests that the charges for preparing one iWill, including taxes, is 4600.

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  • 10. 

    “iwill” is valid for the period of …. 

    • 3 years

    • 5 Years

    • Unless replaced by a new iwill

    • Lifelong

    Correct Answer
    A. Unless replaced by a new iwill
    Explanation
    The correct answer is "Unless replaced by a new iwill." This means that the validity of "iwill" lasts until it is replaced by a new "iwill." This suggests that "iwill" is not valid for a specific period of time, but rather until it is no longer in use or has been replaced.

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  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • May 08, 2017
    Quiz Created by
    047_lkomuthoot
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