Malaysian Financial system Ch1 cont:

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

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

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

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

• RM20m

• RM50m

• RM100m

• RM250m

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

 

• RM20m

• RM50m

• RM100m

• RM250m

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

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

The difference between equity market and debt market lies in:-

 

• Regulated by Securities Commission and BNM respectively

• Type of securities issued and traded in the respective markets

• Mobilization of short and long-term funds

• Regulatory framework of Capital Markets and Services Act 2015

   

What are the main objectives of re-insurer?

i. To operate within prudential limits

ii. To increase the capability to absorb losses

iii. To mobilize funds for loans purposes

iv. To increase awareness in the motor vehicles industry

•     I and ii only

• ii and iii only

• i, ii, iii only

• all of the above

Which of the following categories are life insurance policies?

i. Whole life

ii. Endowment

iii. Term assurance

iv. General insurance

•   i and ii only

• ii and iii only

• i, ii and iii only

• all of the above