Foreign Exchange Policy Notice 3 & 4

Foreign Exchange Policy Notice 3 & 4

Professional Development

15 Qs

quiz-placeholder

Similar activities

Driving Theory Test: Alertness

Driving Theory Test: Alertness

KG - Professional Development

10 Qs

HEM Chapter 1

HEM Chapter 1

Professional Development

10 Qs

UTAR Industrial Session

UTAR Industrial Session

University - Professional Development

15 Qs

GE102 - Midterm Quiz

GE102 - Midterm Quiz

Professional Development

16 Qs

Labor Relations and Negotations 1

Labor Relations and Negotations 1

University - Professional Development

15 Qs

MBIG agm quizizz

MBIG agm quizizz

Professional Development

16 Qs

TechMD-IEC Module 1 Quiz

TechMD-IEC Module 1 Quiz

Professional Development

20 Qs

Black History Month

Black History Month

Professional Development

10 Qs

Foreign Exchange Policy Notice 3 & 4

Foreign Exchange Policy Notice 3 & 4

Assessment

Quiz

Other

Professional Development

Practice Problem

Medium

Created by

Violet Soon

Used 1+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A lawyer firm approaches branch for account opening on behalf of their client. Their client is ABC Private Limited (Singapore). What is the NRA code to be tagged for this account?

N

Y

B

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

XYZ Private Limited, approaches branch for account opening. Customer provides the required information and the attending officer noticed that this company has obtained the approval from Ministry of International Trade & Industry (MITI) to set up a representative office in Malaysia.

What is the NRA code to be tagged for this account?

B

N

Y

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Customer X - Father (Malaysian)

Customer Y - Mother (US person)

Minor Z - Son (US person)

Three of them approach branch for account opening - joint account.

What is the NRA code to be tagged for this account?

N

Y

B

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Customer A - Husband (China), participates under MM2H programme [MM2H Visit Pass (Social)]

Customer B - Wife (China) - does not participate under MM2H programme

Both of them approach branch to open a joint account.

What is the NRA code to be tagged for this account?

B

N

Y

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Customer C, Non-resident approaches branch to open account for salary purpose and advices he is in the midst of applying for work permit.


Can branch open the account without work permit?

Yes, NRA: Y

Yes, NRA: B

No, branch can only open account once customer obtain the work permit

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Mr George, a non-resident individual who wants to perform a remittance transaction of RM20k for the purpose of gift payment to his brother-in-law, a resident individual. Can we proceed with the transaction?

*Mr George has maintained both RM account and FCA account with bank.

Yes. Proceed to debit his RM account as instructed

Yes. Proceed to perform the transaction by way of debiting his FCA account equivalent to RM20k

No. Non-Resident individual is not allowed to make payment in Ringgit or Foreign currency to his brother-in-law, a resident individual (Non Immediate Family members)

I & II

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr Peter, a non-resident would like to make a fund transfer of RM2million from his external account to his son's external account. What should the attending staff advice the customer?

No. Non-Resident is not allowed to deal in Ringgit with another Non-Resident.

Yes. The transfer of funds between non-resident who are immediate family members (spouse, parents, children and siblings) is allowed.

Yes. However approval from BNM is obtained

None of the above

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?