Banking Institutions Quiz

What is the primary function of commercial banks?

• Providing insurance

• Accepting deposits

• Investing in stocks

• Offering legal advice

Which act governs commercial banks in Malaysia?

• Financial Services Act 2013

• Islamic Financial Services Act 2013

• Securities Industry Act 1983

• Central Bank Act 2009

What is a key principle of Islamic banking?

• Profit sharing

• Interest-based lending

• Fixed interest rates

• Government subsidies

Which of the following is NOT a function of investment banks?

• Accepting retail deposits

• Underwriting services

• Portfolio management

• Financial advisory services

What type of accounts do commercial banks accept?

• Only savings accounts

• Only investment accounts

• Only current accounts

• Current, savings, and fixed deposit accounts

What is the main purpose of Islamic banks?

• To provide interest-based loans

• To maximize profits at any cost

• To operate according to Islamic principles

• To offer conventional banking services

Which of the following is a source of funds for investment banks?

• Retail deposits

• Government grants

• Capital and reserves

• Personal savings

What does Al-Mudharabah refer to in Islamic banking?

• Cost-plus financing

• Profit sharing

• Benevolent loans

• Leasing

Which of the following is a characteristic of offshore banks?

• Limited services for non-residents

• Low or no tax

• Strict government regulations

• High tax rates

Which of the following is a service provided by investment banks?

• Retail banking

• Corporate consultation

• Insurance services

• Personal loans