Mastery Peak: Help Ahmad!

Ahmad has always been curious about how to manage his finances effectively. One day, he decided to learn more about personal financial planning. What did Ahmad discover as the definition of personal financial planning?

• The process of achieving financial goals by using money effectively

• The process of obtaining loans from the bank

• Saving money without investing

• Using money for spending only

Answer explanation

Perancangan kewangan peribadi ialah proses menguruskan kewangan secara sistematik untuk mencapai matlamat kewangan.

Ahmad, a young professional, is embarking on his financial planning journey. What are the main factors that will influence Ahmad's financial planning?

• Salary and expenses

• Economic and market conditions

• Personal values and beliefs

• All of the above

Answer explanation

Semua faktor ini boleh mempengaruhi keputusan kewangan seseorang, termasuk pendapatan, pasaran ekonomi, dan nilai peribadi.

Ahmad was determined to improve his financial situation and decided to set some goals. He learned about a technique that could help him set effective financial goals. What is the acronym for this technique?

• SMART

• FAST

• PLAN

• GOAL

Answer explanation

SMART bermaksud Specific, Measurable, Achievable, Relevant, dan Time-bound, satu kaedah berstruktur untuk menetapkan matlamat kewangan.

Ahmad has been diligently tracking his finances over the years. He wants to understand his financial health and determine his net worth. Which document should Ahmad refer to in order to see a snapshot of his net worth?

• Personal cash flow statement

• Personal balance sheet

• Personal cash budget

• Income tax return

Answer explanation

Penyata imbangan peribadi menunjukkan jumlah aset dan liabiliti seseorang, serta nilai bersihnya.

Ahmad, a resident of Malaysia, is reviewing his finances for the year. As he goes through his expenses, he wonders which of his expenditures might qualify for individual tax relief. Ahmad recalls that certain expenses can ease his tax burden. What is an example of individual tax relief in Malaysia?

• Medical expenses

• Purchase of a smartphone

• Dining at luxury restaurants

• Travel abroad

Answer explanation

Perbelanjaan perubatan boleh dituntut sebagai pelepasan cukai untuk mengurangkan jumlah cukai yang perlu dibayar.

Ahmad has always been diligent with his finances. Over the years, he has managed to maintain a high credit score. What does this mean for Ahmad's financial journey?

• Higher likelihood of obtaining loans with low interest rates

• Individual has a large amount of debt

• Never taken a loan before

• High risk of bankruptcy

Answer explanation

Skor kredit tinggi menunjukkan rekod pembayaran hutang yang baik dan kebolehpercayaan kewangan.

Ahmad was a loving father and husband who always thought about the future of his family. One day, he sat down with his wife to discuss the main purpose of life insurance. What did Ahmad believe was the main purpose of life insurance?

• Provide financial protection to beneficiaries in the event of death

• Provide future investment funds

• Reduce monthly expenses

• Ensure all debts are paid off

Answer explanation

Insurans hayat bertujuan untuk menyediakan pampasan kewangan kepada waris jika pemegang polisi meninggal dunia.

Ahmad, a young investor, embarked on his financial journey with a dream to secure his future. He learned that the main advantage of investment diversification is crucial for his success. What is this advantage?

• Reduces overall portfolio risk

• Guarantees high profits every year

• Increases investment management costs

• Eliminates all investment risks

Answer explanation

Kepelbagaian pelaburan membantu mengurangkan risiko dengan menyebarkan pelaburan ke dalam pelbagai aset.

Ahmad, a young professional, started planning for his retirement early in his career. What advantages did Ahmad gain by doing so?

• More time to accumulate funds

• Reduce financial stress in old age

• Opportunity to invest in high-risk instruments earlier

• All of the above

Answer explanation

Merancang persaraan lebih awal membolehkan seseorang mengumpul lebih banyak simpanan dan mengurangkan tekanan kewangan di masa hadapan.

Ahmad was living a peaceful life until he encountered various cyber threats that endangered his financial security. What are examples of such cyber attacks that Ahmad might face?

• Phishing and financial fraud

• Malware attacks

• Ransomware

• All of the above

Answer explanation

Semua ini adalah ancaman keselamatan siber yang boleh menyebabkan kehilangan maklumat kewangan atau kecurian identiti.