Revised Online Test For Cce

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

Explanation

The charges to be collected under MOS till 31 March 2017 are Rs. 750. This means that individuals or entities are required to pay a total of Rs. 750 for the specified period.

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About This Quiz
Revised Online Test For Cce - 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... see morein a corporate finance environment. see less

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

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

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.

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 __________

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

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?

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._____________

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

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)

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?

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.

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?

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?

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"

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.

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. ____________

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

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

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

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?

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

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?

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

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?

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)

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

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.

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?

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

Explanation

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

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What are the charges to be collected under MOS till 31 March 2017?
What is the PMS weightage for CCE against GOLD LOAN of NEW KYC target?
Dual mode of disbursement available on gold loan less than 1 lac
A customer can pay his part payment of principal of Gold Loan through...
The service charge of Muthoot Money is __________
The purpose of Mission 1000 Crores launched w.e.f. 1st March 2017 as...
In which schemes, we are providing high value (75% LTV) to the...
MPMC offers MSS(Muthoot Sovereign Scheme) with minimum EMI of...
How many charges to be collected from a customer for DMT (Domestic...
What are the rate of interest applicable under MSL, MPL and MGL...
In how many days, the purchased Foreign Currency should be surrendered...
Under Indo-Nepal Money Transfer, ​an amount payable at Nepal is...
If a customer wants to avail a loan of Rs.2 lakhs at minimum rate of...
What are the service charges if a customer gets a loan of Rs. 8 lakhs...
After registration for "iwill" either Online(www.Muthootiwill.com) or...
As per New Time and motion study(IOM/CO/OPN/27/17), Each Branch Staff...
From 1/3/17 to 31/3/17, charges for bulk PAN application is...
_________ is the sum assured under basic plan of MHP (Muthoot Home...
CCE has to make ___________ number of visit per week and minimum...
MLS (Muthoot Life Line Scheme) has been discontinued w.e.f 28th Feb...
Which of the following is not correct?
CCE has to make _________ number of calls per week to new prospective...
What is the PMS weightage for CCE against Insurance?
Mark out the wrong one from the following insurance companies we have...
Mention the maximum amount a customer can load up by cash in our DCB...
Under 80D (for Health insurance) one can maximum of...
Gold Loan Transferred using IMT (Instant Money Transfer) can be...
We can change the address and other details of the customer if...
Which of the below-mentioned register is not required to maintain by...
What is maximum withdrawal amount from Muthoot DCB Visa Card in a day...
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