Question Bank-1
1. Senior
Citizen benefit of 0.50% interest is eligible for Gold Bond investors of age
of:
1. 50 years
2. 55 years
3. 60 years
4. 65 years
2. Interest
paid for Gold Bond on premature closure is:
2. 2% less than bond interest rate
3. 2% less than
the rate applicable for the period for which the bond has actually remained
with us
4. No interest is payable for pre-closure
3. The
Gold bond in the name of a minor A with B as natural guardian is payable on
maturity to
1. A
2. B
3. A if major on
maturity date ,Otherwise B
4. Both A&B
4. Maximum
Number Of Money Transfers,a customer can receive in a Calander Year is
1. 25
2. 15
3. 30
4. No Limit
5. What
is the main source of income for MFIN?
1. Commission from selling insurance
2. Commission from selling foreign exchange
3. Interest on
gold loans
4. Interest on rented property
6. What
is the SMS format to know the nearest branch?
1. Mgold (space)
Area pincode
2. Gold (space) Area pincode
3. Muthoot (space) Area pincode
4. Area pincode
7. To
know our gold loan rates & nearest branch details, customers can send sms
to:
1. 9220092200
2. 9330093300
3. 9900099000
4. 9500095000
8. What
is the purpose of Customer Relations Department in our Company?
1. For ensuring the quality of customer service
2. For managing the company’s interaction with customers
3. For handling customer grievances
4. All of the
above
9. Can
branch or Region give any advance to Marketing Heads for Execution of the
Marketing activities?
1. No
2. Yes
3. Yes with the
written sanction from the Marketing Department
4. None of these
10. Is
the branch responsible for the marketing activities executed for the branch?
1. No
2. Only the marketing head is responsible
3. Marketing
head is more responsible but the branch also should ensure the execution
4. Regional manager
11. What
is the number of branches that can be allotted to each Sales Executive?
1. 20
2. 10
3. 30
4. 5
12. Useful
information collected should be passed on to Commercial Intelligence Wing
at________
1. Branch office
2. Regional office
3. Corporate
office
4. Time :
0:22
13. In
a calendar year how many transaction can a receiver receive in India
1. 12
2. 24
3. 36
4. 30
14. Calendar
year means:
1. April to March
2. January to
December
3. March to April
4. March to December
15.
For an inward remittance, both sender and receiver should be:
1. Either an individual or a company
2. Individuals
only
3. Company only
4. Institution only
16. For
all Money Transfer transactions, the Central Office entry responds to which
code?
1. 7000
2. 7004
3. 7002
4. 7005
17. Is
there any Central Office entry required for Outward remittance transaction?
1. Yes
2. No
18. What
is the Regional Manager’s maximum sanctioning power for granting loans – single
loan/multiple loans (aggregate) - to a customer?
1. Rs.5,00,000-
2. Rs.10,00,000-
3.Rs.15,00,000-
4. Rs.25,00,000-
19. When
a matured bond is sought to be renewed within 60 days , what is the permissible
rate of interest allowed for the broken period?
1. Applicable rate on the date of maturity
2. 9% p.a.
3. Applicable rate on the date of renewal
4. 10% p.a.
20. What
is the penal rate of interest deducted from the applicable rate if a bond is
sought to be closed before maturity?
1. 0.02
2. 0.01
3. 0.025
4. Nil
21. What
is the maximum amount of investment in bonds that can be accepted in cash from
a new customer?
1. <20,000-
2. <10,000-
3. <5,000-
4. <50,000-
22. Which
acid is used for testing the purity of gold?
1. Sulphuric acid
2. Acetic acid
3. Nitric acid
4. Hydrochloric acid
23. Gold
loan above Rs.15 lakhs and upto Rs.25 lakhs can be granted after obtaining
permission from________
1. Branch manager
2. Regional manager
3. Credit department, HO
4. Recovery department, HO
24. From
which authority do the branches take prior permission to hand over the gold
ornaments to the police in stolen gold cases?
1. Managing director
2. Chief vigilance officer
3. GM (credit & operations)
4. GM (risk
management & credit control)
25. Under
which section is the petition filed before the court for return of gold
ornaments where the ornaments were seized by the police in stolen gold cases?
1. Sec 425 CrPC
2. Sec 451 CrPC
3. Sec 400 CrPC
4. None of the above
26. A
second/reappraisal of ornaments by the Branch Manager or by the Assistant
Manager is mandatory where the gold loan is above_____________
1. Rs.1,00,000-
2. Rs.50,000-
3. Rs.10,000-
4. Rs.25,000-
27. What
is the full form of FFMC?
1. First Form Money Changers
2. Full Fledged
Money changers
3. Federal Financial Managers Council
4. Foreign Fund Management Company
28. The
amount of service tax is………………..
1. Rs.25/-
2. Rs.30/-
3. Rs.31/-
4. Rs.35/-
29. Who
is issuing CDF
1. Reserve Bank Of India
2. Income Tax Dept.
3. Central Government
4. Customs
Department
30. What
is the annual limit of currency sale to a Resident Indian for private visit?
1. USD 2000
2. USD 3000
3. USD 50000
4. USD 10000
31. What
is the limit of currency sale for business visit?
1. USD 5000
2. USD 10000
3. USD 20000
4. USD 25000
32. Which
FLM is to be sent to HO every month?
1. FLM 1
2. FLM 3
3. FLM6
4. FLM 8
33. What
is the full form of OTS
1. One Time
Settlement
2. Our True Security
3. One Time Saving
4. One's True Self
34. For
which of the following loan schemes, additional per gram rate of Rs.20/-
permitted to
1. MTL
2. MXL
3. MEL
4. MSL
35. Under
which of the following Gold loan schemes, highest per gram rate can be
1. MSL
2. MEL
3. MFL
4. MXL
36. Renewal
of a loan granted under the earlier schemes is permitted upto …..months from
1. 6
2. 9
3. 12
4. 15
37. Appraisal
of of gold for loans below Rs…………..can be done by any experienced staff of the
branch
1. 10000/-
2. 20000/-
3. 25000/-
4. 50000/-
38. The
present classification of gold is as follows
1. Solids & chains
2. Solids, chains and items with stone
3. Solids, chains, pendants and items with stone
4. solids,
chains, items with stones and MDP items
39. Incentive
is available for interest collection above
1. 0.12
2. 0.15
3. 0.17
4. 0.18
40. If
a loan for Rs.5000/- availed today is closed tomorrow, interest is to be
charged for
1. 1 day
2. 3 days
3. 7 days
4. 1 month
41. We
accept the pledge of gold within_____________minutes
1. 3 minutes
2. 10 minutes
3. 5 minutes
4. 15 minutes
42. Muthoot
Finance has more than_______________branches
1. 4000
2. 2000
3. 3500
4. 6000
43. Why
should you remind the customer about interest payments?
1. Because if
the customer does not pay interest when due, his interest burden will go up
2. Because if the customer does not pay interest when due , his
interest burden will come down
3. Because of the customer does not pay interest when due, we will
sell the gold
4. Because if the customer does not pay interest when due, he will get
into trouble
44. What
is the TDS rate (including cess) applicable on Salary income above Rs.10 Lakhs
during the fin year 2012-13?
1. 30%
2. 30.90%
3. 40%
4. 25%
45. TDS
deducted at branches should be credited to ___________ A/c on the same day.
1. Tax Deducted at Source A/c
2. Sundry Creditors A/c
3. Central
Office A/c
4. New Branch A/c
46. What
is current the Service tax rate applicable ?
1. 10.30%
2. 12.36%
3. 13.61%
4. 10%
47. What
is the maximum amount of Salary / Incentives payable to an employee in a single
day by way of Cash ?
1. Rs.19,999-
2. Rs.20,000-
3. Rs.50,000-
4. Rs.5,000-
48. Rent
advance paid to the landlord should be:
1. Debited in rent paid a/c
2. Credited in other advance a/c
3. Debited in rent deposit a/c
4. Debited in rent advance a/c
49. Rent
payable should be accounted in the books on:
1. On actual payment date
2. On 1st of every month
3. On 25th of every month
4. On the last day of every month
50. The
Founder Chairman of the Muthoot Group is:
1. M G George Muthoot
2. Ninan Mathai Muthoot
3. M George Muthoot
4. George Alexander Muthoot
