Regulatory Framework and Commercial Practice of Banking

What is the principal objective of Bank Negara Malaysia?

• To promote financial instability

• To issue currency for foreign countries

• To regulate foreign banks only

• To promote monetary and financial stability

Which act outlines the primary functions of the Central Bank of Malaysia?

• Islamic Financial Services Act 2013

• Central Bank of Malaysia Act 2009

• Financial Services Act 2013

• Development Financial Institutions Act 2002

The following are the roles of AKPK except

• providing financial education

• providing financial advisory

• assisting those facing financial difficulties through debt management program

• assisting those in need of financial assistance by granting mortgage financing

What is the role of non-bank financial institutions in Malaysia?

• To manage foreign reserves

• To only provide loans to large corporations

• To complement banking institutions

• To replace banks entirely

What was the former name of the Public Sector Housing Financing Board?

• Housing Loan Division

• Civil Servant Loan Agency

• Public Housing Authority

• Government Housing Fund

What does SME Corporation Malaysia provide to SMEs?

• Insurance policies exclusively

• Soft loans and financing schemes

• Only grants for large enterprises

• Real estate investments

Which institution focuses on the poorest countries in the world?

• World Bank

• International Monetary Fund

• Bank Negara Malaysia

• Asian Development Bank

What is the goal of the International Monetary Fund?

• To provide loans to all countries

• To encourage currency exchange stability

• To promote international trade only

• To manage local banks

The following statements are correct about PIDM except

• Protects financial consumers in Malaysia via its Deposit Insurance System (DIS) and Takaful and Insurance Benefits Protection System (TIPS)

• Protects up to RM250,000 per depositor per member bank.

• For takaful certificate and insurance policy owners, PIDM protects eligible takaful or insurance benefits up to RM500,000

• Protects up to RM550,000 per depositor per member bank.

What does the term 'banking business' include?

• Only paying or collecting cheques

• Accepting deposits and providing finance

• Only issuing currency

• Only accepting deposits