Quiz on Non-Bank Financial Institutions

What is the primary role of Development Finance Institutions (DFIs)?

• To offer savings accounts

• To manage unit trusts

• To promote economic activities for development

• To provide insurance coverage

Which of the following is NOT a source of funds for Savings Institutions?

• Reserves

• Deposits from other banks

• Borrowings from the government

• Deposits from customers

What is one of the functions of Insurance Companies?

• To offer financial coverage to policyholders

• To provide loans to small businesses

• To manage retirement funds

• To promote savings among individuals

Which of the following is a source of funds for Provident and Pension Funds?

• Borrowings from banks

• Deposits from customers

• Contributions by members

• Premiums from policyholders

What is the main purpose of Unit Trusts?

• To provide loans to individuals

• To pool investors' funds for investment

• To offer insurance products

• To manage savings accounts

Which institution is known for providing specialized financial products to strategic sectors?

• Unit Trusts

• Development Finance Institutions

• Savings Institutions

• Insurance Companies

What is a key function of Savings Institutions?

• To offer retirement plans

• To provide insurance coverage

• To promote and mobilize savings

• To manage investment portfolios

Which of the following is a source of funds for Insurance Companies?

• Borrowings from other banks

• Premiums paid by policyholders

• Contributions from employers

• Deposits from customers

What is the role of the trustee in a Unit Trust?

• To collect premiums from policyholders

• To protect investors' interests

• To provide financial advice

• To manage the investment portfolio

Which of the following is NOT a type of Non-Bank Financial Institution?

• Savings Institutions

• Commercial Banks

• Development Finance Institutions

• Insurance Companies