Online Assessment - Iwill - Cce/CCO
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.
- 1.
Which of the following Division is promoting “iWill” ?
- A.
MPMC
- B.
Forex
- C.
Money Transfer
- D.
MSTL
Correct Answer
D. MSTLExplanation
MSTL is the division promoting "iWill" based on the given options.Rate this question:
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- 2.
We have a tie-up with the -------Organization for “iWill”
- A.
Willcraft
- B.
Willhawai
- C.
Willjini
- D.
Uwill
Correct Answer
C. WilljiniExplanation
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.Rate this question:
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- 3.
“iWill” is a ……….Product ?
- A.
OTC
- B.
Offline
- C.
Online
- D.
Manual Process
Correct Answer
C. OnlineExplanation
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.Rate this question:
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- 4.
The Charges for preparing one iWill (including Taxes) ?
- A.
4600
- B.
4000
- C.
4500
- D.
3500
Correct Answer
A. 4600Explanation
The correct answer is 4600. This suggests that the charges for preparing one iWill, including taxes, is 4600.Rate this question:
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- 5.
“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 PersonsExplanation
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.Rate this question:
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- 6.
How many days are allotted to prepare “iWill” after registration?
- A.
50
- B.
60
- C.
70
- D.
25
Correct Answer
B. 60Explanation
After registration, a total of 60 days are allotted to prepare "iWill".Rate this question:
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- 7.
“iWill” is a part of…
- A.
Annual Returns
- B.
Corporate Plan
- C.
Financial Plan
- D.
Wealth Succession plan
Correct Answer
D. Wealth Succession planExplanation
"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.Rate this question:
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- 8.
The Portal of “iWill” is ….
- A.
Muthootgroupiwill.com
- B.
MIBPL.com
- C.
MuthootForex.com
- D.
Muthootiwill.com
Correct Answer
D. Muthootiwill.comExplanation
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.Rate this question:
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- 9.
“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 iwillExplanation
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.Rate this question:
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- 10.
Incentive Amount for canvassed staff per “iWill” is…..
- A.
100
- B.
400
- C.
500
- D.
250
Correct Answer
B. 400Explanation
The incentive amount for canvassed staff per "iWill" is 400.Rate this question:
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Current Version
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Mar 21, 2023Quiz Edited by
ProProfs Editorial Team -
May 08, 2017Quiz Created by
047_lkomuthoot
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