Financial Planning Quiz

1. According to the RMFLS 2023, what percentage of respondents claimed that they can survive for less than 3 months with only their own savings?

• 67%

• 55%

• 32%

• 71%

2. According to the RMFLS 2023, what percentage of respondents can only save RM500 or less each month?

• 67%

• 55%

• 32%

• 71%

3. According to Bankruptcy Statistic (2018-2022 May), what was the top 1 cause of Bankruptcy?

• Hire-Purchase Loan

• Personal Loan

• Business Loan

• Housing Loan

4. Bank Negara Malaysia (BNM) & Securities Commission Malaysia (SCM) are regulatory bodies oversee the financial planning industry.

• TRUE

• FALSE

5. According to Belanjawanku 2022/2023, what is the estimated monthly budget for a single (car owner) in Johor Bahru?

• RM1,930

• RM1,760

• RM2,290

• RM2,600

6. The Registered Financial Planner is accredited by Malaysia Financial Planning Council (MFPC).

• True

• False

7. Once you have accredited RFP or CFP qualification, you can carry out financial planning activities.

• True

• False

8. Which of the following is not a key component of financial planning?

• Risk Management & Insurance Planning

• Investment Planning

• Estate Planning

• Career Planning

9. Financial planning can be defined as the process of setting goals, assessing resources, and creating strategies to achieve financial objectives.

• True

• False

10. Which of the following is not a benefit of financial planning?

• Accomplishing short-term and long-term goals.

• Ensuring a stable and secure financial future

• Lack of preparedness for life events

• Retirement Readiness: Planning for retirement income and lifestyle.