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PRS FP2018 Quiz CHAPTER 7

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

Which party must hold Capital Market Service License for dealing in private retirement scheme?

a)

PRS Providers

b)

PRS Administrator

c)

PRS Consultant

2.

Minimum age to be registered as PRS Consultant is?

a)

18 years old

b)

21 years old

c)

23 years old

3.

A PRS Consultant must only represent one principal.

a)

TRUE

b)

FALSE

4.

A PRS Consultant must re-sit for PRS Examination if he left the PRS Industry for more than?

a)

2 years

b)

3 years

c)

5 years

5.

Code of Ethic: Competence means?

a)

Try to provide the member with efficient and continuous services.

b)

Shall maintain the necessary knowledge & skill to serve the member

6.

The PRS Conlsultant must maintain the confidentiality of information of PRS Members and not disclose any personal or financial information...; which Code of Ethic is this?

a)

Honesty, Dignity & Integrity

b)

Confidentiality

7.

Which action is not taken if PRS Consultant have breached the code?

a)

Reprimand

b)

Fine

c)

Jail

8.

When introduce PRS to potential clients, PRS Consultant must use?

a)

Product Highlight Sheet

b)

Fund Fact Sheet

c)

Fund Performance

9.

When potential client shows interest to join PRS, PRS Consultant must provide the client with?

a)

Disclosure Document

b)

Master Prospectus

c)

Fund Fact Sheet

10.

Any eligible person intend to register as a PRS Consultant must apply through?

a)

FIMM

b)

PRS Distributor

c)

Private Pension Administrator (PPA)