Banking and Financial Services Quiz

Which of the following allows customers to send money instantly via phone number or NRIC in Malaysia?

• IBG

• DuitNow

• FPX

• Direct Debit

A debit card is best described as a card that:

• Allows spending up to a credit limit

• Is not linked to a bank account

• Withdraws money directly from the customer’s bank account

• Requires full payment monthly

Which of the following services is classified as a remittance method?

• Opening a fixed deposit

• Sending money overseas via Western Union

• Applying for a loan

• Using a credit card

What does FPX (Financial Process Exchange) enable users to do?

• Make payments by cheque

• Perform instant payments using online banking

• Deposit cash through CDM

• Send physical money to merchants

What is the main function of eSPICK?

• Provides ATM services

• Processes cheque clearing electronically

• Transfers credit card balances

• Connects debit card to merchant terminals

A digital signature is used in online banking to:

• Draw your name on a screen

• Verify identity and secure electronic transactions

• Approve cash withdrawals

• Replace fingerprint scans

Which of the following is TRUE about a charge card?

• You can carry balance to the next month

• You must pay the full amount every month

• It is linked to your savings account

• It earns high interest

SWIFT is a network that:

• Is used only in local fund transfers

• Enables secure international communication between banks

• Works only with credit cards

• Tracks cheque fraud

Which one of the following is an automatic payment method initiated by the biller?

• FPX

• Direct Debit

• DuitNow QR

• IBG

A customer pays monthly insurance premiums automatically through their bank account. This arrangement is called:

• Standing Instruction

• Telegraphic Transfer

• IBG

• Online Transfer