Iwill Online Test - Am

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| By Indranilmuthoot
I
Indranilmuthoot
Community Contributor
Quizzes Created: 5 | Total Attempts: 834
Questions: 10 | Attempts: 90

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Questions and Answers
  • 1. 

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

    • A.

      60

    • B.

      50

    • C.

      70

    • D.

      25

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

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  • 2. 

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

    • A.

      100

    • B.

      500

    • C.

      400

    • D.

      250

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

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  • 3. 

    The Portal of “iWill” is …. 

    • A.

      MuthootForex.com

    • B.

      Muthootiwill.com

    • C.

      MIBPL.com

    • D.

      Muthootgroupiwill.com

    Correct Answer
    B. Muthootiwill.com
    Explanation
    The correct answer is Muthootiwill.com. This is because the question asks for the portal of "iWill" and Muthootiwill.com is the only option that includes "iWill" in its name.

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  • 4. 

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

    • A.

      Willcraft

    • B.

      Willjini

    • C.

      Uwill

    • D.

      Willhawai

    Correct Answer
    B. 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, "Willjini" is the only one that matches the pattern of "iWill" in its name.

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  • 5. 

     The Charges for preparing one iWill ? 

    • A.

      4000

    • B.

      4600

    • C.

      4500

    • D.

      3500

    Correct Answer
    B. 4600
    Explanation
    The correct answer for the given question is 4600. This implies that the charges for preparing one iWill are 4600.

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  • 6. 

     Which of the following Division is promoting “iWill” ?  

    • A.

      MPMC

    • B.

      Money Transfer

    • C.

      MSTL

    • D.

      Forex

    Correct Answer
    C. MSTL
    Explanation
    MSTL is the division that is promoting "iWill".

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  • 7. 

     “iWill” is a ……….Product ? 

    • A.

      OTC

    • B.

      Offline

    • C.

      Manual Process

    • D.

      Online

    Correct Answer
    D. Online
    Explanation
    "iWill" is likely to be an online product because the term "i" is commonly associated with technology and online products. Additionally, the other options (OTC, Offline, and Manual Process) do not align with the use of the term "iWill" and are not typically used to describe a product.

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  • 8. 

     “iWill” is required to be... 

    • A.

      Notarized

    • B.

      Compulsory Registered

    • C.

      Witnessed by 2 Persons

    • D.

      Attested by a Magistrate

    Correct Answer
    C. Witnessed by 2 Persons
    Explanation
    The document "iWill" needs to be witnessed by 2 persons. This means that two individuals must be present and observe the signing of the document. Their role is to confirm that the person signing the document is doing so willingly and without any coercion or fraud. The witnesses act as impartial observers to ensure the validity and authenticity of the document.

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  • 9. 

    “iWill” is a part of… 

    • A.

      Annual Returns

    • B.

      Corporate Plan

    • C.

      Financial Plan

    • D.

      Wealth Succession plan

    Correct Answer
    D. Wealth Succession plan
    Explanation
    "iWill" is a term commonly used to refer to a legal document known as a "will." A will is a key component of a wealth succession plan, as it outlines how an individual's assets and property will be distributed after their death. It ensures that their 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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  • 10. 

    “iwill” is valid for the period of …. 

    • A.

      3 years

    • B.

      5 Years

    • C.

      Unless replaced by a new iwill

    • D.

      Lifelong

    Correct Answer
    C. Unless replaced by a new iwill
    Explanation
    The correct answer is "Unless replaced by a new iwill." This suggests that the validity of "iwill" will continue until it is replaced by a new version. There is no specific time period mentioned, indicating that it could be valid indefinitely as long as it is not replaced.

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