RE Induction Test- 2

What is the full form of ROR?

• A]Rate of Recovery

• B]Recovery of Revenue

• C]Revenue of Recovery

• D]Rate of Revenue

Which of these can be considered as a case of migration / abscondment?

• A]Temporary movement for job/work and/or missing

  with family

• B]Death of the applicant

• C]Health issues of the main earner

• D]None of these options

What is the full form of MTD?

• A]Month Till Date

• B]Month till Due

• C]Money till Due

• D]Money Till Date

What is the name of the new Recovery vertical?

• B]Department Of Rural Development

• A]Debt Receivable Department

• C]Debt Return Diagnosis

• D]Debt Redundancy Department

What is the full form of PIP?

• A]Performance Improvement Plan

• C]Performer's Improvement Plan

• B]Professional Improvement plan

• D]Personal Improvement Plan

What can be the possible root cause for payment default by customer?

• A]All of these options

• B]Natural Calamity

• C]Financial stress

• D]Migration / Absconding

What is the full form of CIBIL?

• A]Credit Information Bureau Limited

• C]Customer Indication Bureau Limited

• B]Customer Information Bureau Limited

• D]Customer Indian Bureaucracy Limited

What is the incentive under Samunnati OTS Scheme for RE?

• A]2.5% to 5 %

• C]2%

• B]Zero

• D]5%

What to do if customer skips multiple PTPs?

• A]Any or all of these options

• B]Ask seniors to intervene and help

• C]Propose OTS if eligible

• D]Give a Soft Legal Reminder Letter

What is the maximum waiver allowed for Samunnati OTS eligible customers?

• A]Both options B & D

• B]25% for <40k payoff amt.

• C]30% for >=40k payoff amt.

• Both options B & D