Malaysian Financial System Ch 1

.. What are the main functions of the Banking system?

i.   Acts as financial intermediary

ii.  Acts as payment facilitator

iii. Acts as lender of last resort

iv. Acts as monetary authority

• i & ii

• i & iii

• ii & iii

• iii & iv

The term “financial System” according to Section 2 of the Central Bank of Malaysia Act 2009 refers collectively to:

• Financial institutions

• Capital market intermediaries or participants

• Financial markets

•    Financial institutions, capital market intermediaries, financial markets and payment systems

Which of the followings are the main functions of the Banking system?

i. Acts as financial intermediary

ii. Acts as payment facilitator

iii. Acts as lender of last resort

iv. Acts as monetary authority

• i & ii

• i , ii & iii

• i , ii & iv

• all of the above

Which of the following are the non-bank lending organizations?

i. Leasing companies

ii. Factoring companies

iii. Venture capitalists

iv. Credit token companies

• i & ii

• ii & iii

• i, ii & iii

• all of the above

Which of the following are the participants in the Capital Market?

i. Investment Banks

ii. Universal Stockbrokers

iii. Issuing Houses

iv. Fund Management Companies

• i only

• ii & iii

• i, ii & iii

• all of the above

Which one of the following statements about Cagamas Berhad is correct?

• Cagamas buys mortgage loans from banks

• Cagamas sells mortgage loans to banks

• Cagamas buys mortgage loans from house buyers

• Cagamas provides mortgage finance to house buyers

   

Which one of the following is an example of a collective investment scheme?

• Credit union

• Unit trust

• Pilgrims Fund Board of Malaysia

• Bank Simpanan Nasional

Which statement on the Malaysian financial system is TRUE?

• It is made up solely of institutions governed by BNM.

• Its two major components are the Banking System and the Capital Markets.

• It refers to the commercial and Islamic banking institutions.

• It plays the main role in reallocating funds from institutions to borrowers.

The banking industry in Malaysia is regulated by:

• Financial Services Act 2013 and Islamic Financial Services Act 2013

• Financial Services Act 2013 and Development Financial Institutions Act 2002

• Banking and Financial Institution Act 1989 and Islamic Financial Services Act 2013

• Banking and Financial Institution Act 1989 and Development Financial Institutions Act 2002

Under the pertinent financial services regulations, which of the following is normally under Bank Negara Malaysia's purview?

• Oversight of the overnight interbank limits.

• Oversight to ensure the safety and soundness of licensed financial institutions

• Determination of the effective rate applicable for overnight placements with foreign institutions

• Determination of the currency band for foreign currency trading against Malaysian Ringgit.

  9.