Malaysian Financial system Ch1 cont:

Malaysian Financial system Ch1 cont:

Professional Development

10 Qs

quiz-placeholder

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Malaysian Financial system Ch1 cont:

Malaysian Financial system Ch1 cont:

Assessment

Quiz

Professional Development

Professional Development

Hard

Created by

Sharon Siu Wei

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under FSA 2013, “banking business” is defined by the Act as the business of:

 

i. Accepting deposits on current accounts, deposit accounts, savings accounts or other similar accounts

ii. Paying or collecting cheques drawn by or paid in by customers

iii. Providing finance

iv. Such other business as prescribed under Section 3, FSA 2013

 

I and ii only

iii and iv only

I, ii and iii only

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which are the companies under the Bank Pembangunan Malaysia Berhad (BPM)      

      group?

 

i. Global Maritime Ventures Bhd

ii. Pembangunan Leasing Sdn Bhd

iii. Infrastructure Ventures Sdn Bhd

iv. Pembangunan Infrastruktur Sdn Bhd

I and ii only

iii and iv only

I, ii and iii only

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Securities Commission (SC) has the powers to administer the following legislation:

 

i. Securities Industry (Central Depositories) Act 1991

ii. Securities Commission Act 1993

iii. Capital Markets and Services Act 2007

iv. Commodities Trading Act 1985

 

I and ii only

iii and iv only

I, ii and iii only

All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the minimum paid up capital of a Universal broker?

RM20m

RM50m

RM100m

RM250m

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the minimum paid up capital of an ordinary stock broker?

 

RM20m

RM50m

RM100m

RM250m

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements are correct pertaining to Islamic banking?

 i. Interest is haram or illegal

ii. Can invest in any asset class

iii. Can only accept risk to maximise profitability in accordance to Shariah law

iv. Can accept any amount of risk to maximise profitability

 

I and iii only

ii and iv only

I, ii and iii only

I, ii and iv only

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Islamic banks are required to seek advice from which authority on shariah matters  

      related to its banking business?

Shariah Advisory Council

Shariah Committee

Shariah Compliance council

Shariah Compliance Committee

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