Definition of bank according to Section 2 of FSA 2013: A bank means a person which carryout banking business of.........................EXCEPT
FIN360_QUIZ 1

Quiz
•
Social Studies
•
University
•
Hard
SITI SYAMIRA MOHD RAMLI
Used 1+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Receiving deposit (money) in any currency account or deposit account.
Paying cheques drawn and paid by customers.
Providing loan and advances to customers.
Any provisions as allowed by the MOF, examples are REIT and Sukuk
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which laws to govern banks and financial institution is NOT true?
FSA 2013
Islamic Banking Act 1983
Insurance Act 1996
BAFIA 1987
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In Malaysia, no person is permitted to carry on business of banking unless it is a _________ company and it holds a valid ______ from Ministry of Finance.
Private limited, grant
Private limited, license
Public listed, lisence
Public listed, certificate
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A person is a customer only if he/she has an account with the bank. This definition is similar to the case of.....
Woods vs Martin (1959)
Great Western Railway vs London & Country Banking (1901)
Hedley Byrne vs Heller (1963)
Oriental Bank vs Rubber Industry (1957)
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is the DUTY of a banker?
Duty to charge reasonable interest
Duty to expect customer to take due care when issuing cheques
Duty to use money in appropriate ways
Secrecy of customer accounts
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is RIGHTS OF A BANKER?
Right to send regular statement
Right to collect money
Right to be indemnified
Right to exercise care and skill when dealing with customers
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
5 types of customer-bank relationship EXCEPT.....
Contractual relationship
Trustee-creditor relationship
Special relationship
Debtor-creditor relationship
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