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A) the hirer
B) the banking institution
C) a joint between the banking institution and hirer
8) If you issue a cheque when you do not have sufficient funds
in your account, your banking institution will:
A) clear the cheque as usual
B) return the cheque to the payee and impose a penalty on
you for issuing dishonoured cheque
C) seek clearance from Bank Negara Malaysia to clear the
cheque
9) What is the minimum age required to open a current
account?
A) 12
B) 18
No minimum age
10 If your bank account has been dormant for the last 7 years,
) where should you go to claim your money?
A) Your banking insitution
B) Bank Negara Malaysia
C) Registrar of Unclaimed Moneys
11)A joint account with a mandate that both account holders to
sign means that
A) Any deposit made must be signed by both parties
B) Any withdrawal made must be signed by both parties
C) Any deposit and withdrawal made must be signed by
both parties
12 What is the impact on a loan priced at a margin above a
) certain indicator such as base lending rate when there is a
upward increase in the base lending rate ?
A) No impact
B) Total repayment will increase
C) Total repayment will reduce
13 What is the minimum amount to open a basic savings
) account?
HOUSING LOANS
13
What is the role of the Credit Bureau?
)
A) Blacklist borrowers with bad credit record.
B) Collects credit information on borrowers and supplies
the information back to lenders
C) Gives credit assessment of borrowers
D) Dictates credit decisions of financial institutions
E) Reports to Bank Negara Malaysia the status of your
loan
14
Which of the following about Credit Bureau is correct?
)
A) The Credit Bureau is legally empowered to collect
credit information about borrowers
B) The Credit Bureau collects information on guarantors
C) The Credit Bureau will furnish borrowers information
to any applicant
D) The Credit Bureau has the power to amend incorrect
data in its database
E) The Credit Bureau does not allow the public to check
their credit record with Credit Bureau
MONEY MANAGEMENT
15
Which of the following statements is incorrect?
)
A) You should start to save early to benefit from the effect
of compound interest.
B) An investment with higher returns will also have
higher risks
C) Short term fluctuations in market value can be
expected even with good investments
D) You may still invest in the share market even if you
foresee that you may need the funds in a month's time
E) Financial planning is one of the important process in
managing your money
16 Which of the following will not help you in reducing your
) budget deficit?
A) Trimming of unnecessary expenses
B) Create a spending plan and monitor the expenses
C) Borrow from friends to meet daily expenses
D) Taking a money management course
E) Buy in bulk or during sale season
17 Which of the following investments should be avoided as it
) is too good to be true?
A) Investment in a bond with normal return and potential
risk where the income is tax free
B) Investment in a scheme that offers return well above
the market rate with no risk
C) Investment in a principal guaranteed structured
investment with potential risks
D) Investment in a government guaranteed bond
E) Investment in Bank Negara Malaysia savings bond
18 Which of the above will affect your chances of getting a
) loan?
A) Asking your banking institution for additional loans
B) Refinancing your housing loan
C) Having overdue loan instalment exceeding 60 days
D) Having more than one banking account
E) Having complained to the banking institution about its