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QCREDIT EXAM FOR OIC

Total questions: 20

Worksheet time: 15mins

Name
Class
Date
1.

Base on the organization hierarchy, what department under the support group keeps the custody and security of the funds.

a)

A. Property custodian

b)

B. Accounting Department

c)

C. Finance

d)

D. EDP

2.

They are the owner of the company and/or the corporation?

a)

A. Board of Directors

b)

B. Stockholders

c)

C. Wilfredo C. Quibod

d)

D. President/CEO

3.

Responsible for the administrative and supervisory for planning, organizing, directing and controlling of branch operations.

a)

A. Collector

b)

B. Branch Manager

c)

C. Area Manager

d)

D. Branch Cashier

4.

Branch Managers/OICs approves the following documents except:

a)

A. Request for Cash Advances

b)

B. Liquidation Reports

c)

C. Daily Cash Position Report

d)

D. Official Receipts

5.

The following are the use of cash in vault funds except;

a)

A. Office rental

b)

B. MVL Releases

c)

C. Electric and water Bills

d)

D. Financial Assistance

6.

They are called the revenue generating group.

a)

A. Support

b)

B. Operation

c)

C. Stockholders

d)

D. Board of Directors

7.

The following are the duties and responsibilities of BMs/OICs except:

a)

A. Conducts Customer Information Verification

b)

B. Processes System Recommendations and Approvals for MVL credit limit setup

c)

C. Issue OR every time he/she received cash

d)

D. Supervise the overall Branch Operations

8.

How much is the maintaining balance of Cash in Vault fund?

a)

A. 10,000.00

b)

B. 100,000.00

c)

C. 1,000,000.00

d)

D. 1,000.00

9.

To whom does Branch Manager should reports first?

a)

Cashier

b)

HRD Manager

c)

Audit

d)

Area Manager

10.

This are the following variables to consider when verifying customers except

a)

A. Geographical Area

b)

B. Business Establishments

c)

C. Educational Attainments

d)

D. Personal Informations

11.

Managers should directly reports to HRD Manager when any problems arises

a)

True

b)

False

12.

Lending companies like QCredit Corp. can be penalized when its compliant with all government requirements

a)

True

b)

False

13.

Managers should have his signature over printed name below the "Approved by" portion of the Field release cash advance slip after the customer received his/her loans.

a)

True

b)

False

14.

Managers are accountable when there is cash shortage in both CIV and PCF

a)

True

b)

False

15.

Official Receipt should be issue only for office payments.

a)

True

b)

False

16.

Collectors are primarily responsible for credit exposure to high risk customers because of unvalidated and unverified credit investigation conducted by them.

a)

True

b)

False

17.

Qcredit Corp. name were established in December 2018.

a)

True

b)

False

18.

When there are customers' complaints and concerns managers should attends and ensures prompt disposition.

a)

True

b)

False

19.

Support group represents the corporation.

a)

True

b)

False

20.

Company handbook where company rules and regulations preside should be read, understand and should be violated.

a)

True

b)

False