Revised Online Test For Cce

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  • 1/30 Questions

    What are the charges to be collected under MOS till 31 March 2017?

    • Rs. 750
    • Rs.1500
    • Rs.1000
    • Rs.500
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About This Quiz

The 'Revised Online Test for CCE' assesses knowledge on finance-related operations like interest rates, foreign currency regulations, and service charges. It targets professionals improving compliance and operational skills in a corporate finance environment.

Revised Online Test For Cce - Quiz

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  • 2. 

    What is the PMS weightage for CCE against GOLD LOAN of NEW KYC target?

    • 40

    • 20

    • 30

    • 15

    Correct Answer
    A. 40
    Explanation
    The PMS weightage for CCE against GOLD LOAN of NEW KYC target is 40.

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  • 3. 

    Dual mode of disbursement available on gold loan less than 1 lac

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The statement is true because gold loans with a value of less than 1 lac offer a dual mode of disbursement. This means that borrowers have the option to receive the loan amount either in cash or through a bank transfer. This flexibility allows borrowers to choose the mode of disbursement that is most convenient for them.

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  • 4. 

    A customer can pay his part payment of principal of Gold Loan through POS machine.

    • 50% of the principal amount

    • No

    • Yes

    • Yes with multiple of Rs. 100

    Correct Answer
    A. No
    Explanation
    The explanation for the correct answer "No" is that a customer cannot pay his part payment of the principal of a Gold Loan through a POS machine.

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  • 5. 

    The service charge of Muthoot Money is __________

    • 1.50% or Rs. 50 whichever is higher

    • 2% or Rs. 50 whichever is higher

    • 2.50% or Rs. 50 whichever is higher

    • 0.05% or Rs. 50 whichever is higher

    Correct Answer
    A. 1.50% or Rs. 50 whichever is higher
    Explanation
    The correct answer is 1.50% or Rs. 50 whichever is higher. This means that Muthoot Money charges a service fee of either 1.50% of the transaction amount or a minimum of Rs. 50, whichever is higher. This ensures that customers are charged a reasonable fee based on the transaction amount, while also ensuring that the minimum fee is not too low.

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  • 6. 

    The purpose of Mission 1000 Crores launched w.e.f. 1st March 2017 as per IOM No. Dir/03/2017

    • 1000 CR Net Gold Loan Growth in March 17

    • 1000 CR Advances in March 17

    • 1000 CR Profit After Tax 2016-17

    • None of these options

    Correct Answer
    A. 1000 CR Net Gold Loan Growth in March 17
    Explanation
    The purpose of Mission 1000 Crores, launched on 1st March 2017, is to achieve a net gold loan growth of 1000 Crores in March 2017. This implies that the objective of the mission is to increase the amount of gold loans given out by 1000 Crores during that specific month.

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  • 7. 

    In which schemes, we are providing high value (75% LTV) to the customers?

    • MGL & MHL

    • All of these

    • MHL, MPL & MGL

    • MHL, MOS & MGL

    Correct Answer
    A. MGL & MHL
    Explanation
    The correct answer is MGL & MHL. These schemes provide high value (75% LTV) to the customers.

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  • 8. 

    MPMC offers MSS(Muthoot Sovereign Scheme) with minimum EMI of Rs._____________

    • 2500

    • 2000

    • 1000

    • 1500

    Correct Answer
    A. 2500
    Explanation
    MPMC offers MSS (Muthoot Sovereign Scheme) with a minimum EMI of Rs. 2500. This means that customers who opt for this scheme will have to pay a minimum monthly installment of Rs. 2500 towards their loan. The other options mentioned, such as Rs. 2000, Rs. 1000, and Rs. 1500, are not the correct answers as they do not represent the minimum EMI amount for the MSS scheme offered by MPMC.

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  • 9. 

    How many charges to be collected from a customer for DMT (Domestic Money Transfer) of Rs.15000/- using Muthoot Money

    • 205

    • 225

    • 250

    • 150

    Correct Answer
    A. 225
    Explanation
    The correct answer is 225. This means that a customer would need to pay 225 charges for a Domestic Money Transfer (DMT) of Rs.15000/- using Muthoot Money.

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  • 10. 

    What are the rate of interest applicable under MSL, MPL and MGL respectively? (if interest not paid monthly)

    • 1.73% P.M.; 1.70% P.M. and 1.83% P.M.

    • 1.96% P.M.; 1.88% P.M. and 2% P.M.

    • 1.79% P.M.; 1.71% P.M. and 1.83% P.M.

    • 1.75% P.M.; 1.70% P.M. and 1.80% P.M.

    Correct Answer
    A. 1.96% P.M.; 1.88% P.M. and 2% P.M.
    Explanation
    The correct answer is 1.96% P.M.; 1.88% P.M. and 2% P.M. This means that the rate of interest applicable under MSL is 1.96% per month, under MPL is 1.88% per month, and under MGL is 2% per month.

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  • 11. 

    In how many days, the purchased Foreign Currency should be surrendered by Franchisee Branches to AD-II Forex Branch?

    • 8 Days

    • 10 Days

    • 7 Days

    • 5 Days

    Correct Answer
    A. 7 Days
    Explanation
    Franchisee Branches should surrender the purchased Foreign Currency to AD-II Forex Branch within 7 days.

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  • 12. 

    Under Indo-Nepal Money Transfer, ​an amount payable at Nepal is fixed at ___________times of the INR remitted from India.

    • 1.5

    • 1.6

    • 2

    • 2.6

    Correct Answer
    A. 1.6
    Explanation
    In the Indo-Nepal Money Transfer, the amount payable at Nepal is fixed at 1.6 times of the INR remitted from India. This means that for every unit of currency remitted from India, the recipient in Nepal will receive 1.6 units of currency. This exchange rate allows for a fixed and predictable conversion rate between the two currencies, facilitating the transfer of money between the two countries.

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  • 13. 

    If a customer wants to avail a loan of Rs.2 lakhs at minimum rate of interest on his/her name only, then how can we disburse the loan amount?

    • 1 Lakh each loan in MBL and MAL respectively

    • None of these options

    • Only 1 loan under MAL @18% p.a.

    • Under MBL @ 14% p.a. with different KYCs

    Correct Answer
    A. 1 Lakh each loan in MBL and MAL respectively
    Explanation
    The correct answer suggests that the loan amount of Rs.2 lakhs should be disbursed by giving 1 lakh each as a loan in MBL (presumably referring to a bank or financial institution) and MAL (presumably referring to another bank or financial institution). This means that the customer will have two separate loans, with each loan being in the customer's name only. The answer does not provide any information about the interest rates or KYCs (Know Your Customer) requirements for these loans.

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  • 14. 

    What are the service charges if a customer gets a loan of Rs. 8 lakhs under MHL scheme?

    • 1%

    • 0.50%

    • 0.75%

    • None of these option

    Correct Answer
    A. 1%
    Explanation
    The service charges for a customer getting a loan of Rs. 8 lakhs under the MHL scheme are 1%.

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  • 15. 

    After registration for “iwill” either Online(www.Muthootiwill.com) or offline(at our branch), customer has time frame of ________________ to fill in all the details and generate the “will”

    • 60 days

    • 20 days

    • 30 days

    • 7 days

    Correct Answer
    A. 60 days
    Explanation
    After registering for "iwill" either online or offline, customers are given a time frame of 60 days to fill in all the required details and generate their will. This allows customers ample time to carefully consider and provide all necessary information for their will without feeling rushed or pressured.

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  • 16. 

    As per New Time and motion study(IOM/CO/OPN/27/17), Each Branch Staff have been allotted ………..minutes per day for OFP works.

    • 30

    • 60

    • 45

    • 120

    Correct Answer
    A. 30
    Explanation
    According to the New Time and motion study, each Branch Staff is allocated 30 minutes per day for OFP works.

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  • 17. 

    From 1/3/17 to 31/3/17, charges for bulk PAN application is Rs.__________ and cash prize for staff if Rs. ____________

    • 200 & 500

    • 265 & 500

    • 265 & 1000

    • 150 & 1000

    Correct Answer
    A. 200 & 500
    Explanation
    During the period from 1/3/17 to 31/3/17, the charges for bulk PAN application were Rs. 200 and the cash prize for staff was Rs. 500.

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  • 18. 

    _________ is the sum assured under basic plan of MHP (Muthoot Home Protector) in association with Liberty Videocon General Insurance Company

    • 500000

    • 650000

    • 430000

    • 870000

    Correct Answer
    A. 430000
    Explanation
    The sum assured under the basic plan of MHP (Muthoot Home Protector) in association with Liberty Videocon General Insurance Company is 430,000. This means that in the event of a covered loss or damage to the insured property, the maximum amount that will be paid out by the insurance company is 430,000.

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  • 19. 

    CCE has to make ___________ number of visit per week and minimum ____________ customers should be converted into business per week as per latest IOM no. CO/OPN/45/17

    • 20 & 2

    • 20 & 4

    • 30 & 4

    • 30 & 2

    Correct Answer
    A. 20 & 4
    Explanation
    According to the latest IOM, CCE has to make a minimum of 20 visits per week and convert a minimum of 4 customers into business per week.

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  • 20. 

    MLS (Muthoot Life Line Scheme) has been discontinued w.e.f 28th Feb 2017

    • False

    • True

    Correct Answer
    A. False
    Explanation
    The statement states that the MLS (Muthoot Life Line Scheme) has been discontinued since 28th Feb 2017. The correct answer is False, indicating that the statement is not true. Therefore, it can be inferred that the MLS has not been discontinued as of 28th Feb 2017.

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  • 21. 

    Which of the following is not correct?

    • MFDCB card can not be used after withdrawal the total amount.

    • MFDCB card can be issued to Money Transfer customer.

    • A customer can withdraw Rs.10,000 in a week from one branch. 

    • MFDCB card can be issued to Gold Loan customer.

    Correct Answer
    A. MFDCB card can not be used after withdrawal the total amount.
    Explanation
    The given statement "MFDCB card can not be used after withdrawal the total amount" is not correct. It implies that once the total amount has been withdrawn from the MFDCB card, it cannot be used anymore. However, this is not true as the MFDCB card can be used multiple times for withdrawals until the balance is depleted.

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  • 22. 

    CCE has to make _________ number of calls per week to new prospective customers out of which __________ customers should be converted into business every week as per latest IOM No. CO/OPN/45/17

    • 250 & 20

    • 300 & 12

    • 300 & 20

    • 250 & 12

    Correct Answer
    A. 250 & 12
    Explanation
    According to the given information, CCE has to make 250 calls per week to new prospective customers. Out of these 250 calls, 12 customers should be converted into business every week as per the latest IOM.

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  • 23. 

    What is the PMS weightage for CCE against Insurance?

    • 10

    • 5

    • 15

    • None of these option

    Correct Answer
    A. 10
    Explanation
    The PMS weightage for CCE against Insurance is 10.

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  • 24. 

    Mark out the wrong one from the following insurance companies we have tie up with in providing vehicle insurance

    • Oriental Insurance

    • The New India Assurance

    • Tata AIG

    • Megma HDI General Insurance

    Correct Answer
    A. Oriental Insurance
    Explanation
    The given question asks to identify the wrong insurance company from the list of options. The correct answer is Oriental Insurance. This implies that Oriental Insurance is not one of the insurance companies that the question is referring to in terms of having a tie-up for providing vehicle insurance.

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  • 25. 

    Mention the maximum amount a customer can load up by cash in our DCB visa card in a month?

    • Rs. 20000

    • Rs. 25000

    • Rs. 10000

    • Rs. 50000

    Correct Answer
    A. Rs. 20000
    Explanation
    The maximum amount a customer can load up by cash in our DCB visa card in a month is Rs. 20000.

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  • 26. 

    Under 80D (for Health insurance) one can maximum of Rs.__________  tax benefits (including senior citizen)

    • 25000

    • 35000

    • 55000

    • 40000

    Correct Answer
    A. 55000
    Explanation
    Under section 80D of the Income Tax Act, individuals can avail a maximum tax benefit of Rs. 55,000 for health insurance. This includes benefits for both regular individuals and senior citizens.

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  • 27. 

    Gold Loan Transferred using IMT (Instant Money Transfer) can be withdrawn from which bank ATMs

    • Axis Bank & Union Bank of India

    • HDFC Bank & ICICI Bank

    • Axis Bank & Bank of India

    • SBI & Union Bank of India

    Correct Answer
    A. Axis Bank & Bank of India
    Explanation
    Gold Loan transferred using IMT can be withdrawn from Axis Bank and Bank of India ATMs.

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  • 28. 

    We can change the address and other details of the customer if a customer wants to avail Gold Loan through E-KYC.

    • False

    • True

    Correct Answer
    A. False
    Explanation
    The statement is false because changing the address and other details of a customer for availing a Gold Loan through E-KYC is not possible. E-KYC (Electronic Know Your Customer) is a process that allows financial institutions to verify the identity of customers electronically. However, it does not provide the facility to change customer details.

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  • 29. 

    Which of the below-mentioned register is not required to maintain by CCE?

    • Field Visit Report

    • CLCM

    • Effective Follow-up Register

    • Birthday Register

    Correct Answer
    A. Field Visit Report
    Explanation
    The field visit report is not required to be maintained by CCE. This register is typically used to document the details of field visits conducted by CCE personnel. However, it is not a mandatory register and may not be necessary for the overall functioning and record-keeping of CCE.

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  • 30. 

    What is maximum withdrawal amount from Muthoot DCB Visa Card in a day from our branches

    • Rs.10000

    • Rs.5000

    • Rs.20000

    • As per RBI Guidelines

    Correct Answer
    A. Rs.5000
    Explanation
    The maximum withdrawal amount from Muthoot DCB Visa Card in a day from their branches is Rs.5000.

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Quiz Review Timeline (Updated): Mar 15, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 15, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 18, 2017
    Quiz Created by
    LUD_RLC1

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