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ISSUES IN BOND MARKET

Total questions: 30

Worksheet time: 10mins

Name
Class
Date
1.

What is credit rating?

a)

Credit facility that given by financial institution to their consumers.

b)

A process of evaluate the securities or instruments to identify whether they comply with Shariah compliant.

c)

An assessment of the creditworthiness of a borrower in general terms or with respect to a particular debt or financial obligation.

d)

None of the above

2.

Which of the following is the most popular credit rating company in Malaysia?

a)

Standard and Poor's

b)

Fitch

c)

Moody's

d)

None of the above

3.

Credit rating is considered as one of the most important element in the bond market. This is because

a)

they assess the credit risk of specific debt securities and the borrowing entity.

b)

they provide the proper guidelines and conditions to companies to keep growth

c)

All of the above

d)

None of the above

4.

Credit rating provides an independent evaluation of the creditworthiness of debt securities issued by governments and corporations. However, still, there are various controversy among the using of credit rating. Which of the following is the causes of issues in credit rating in bond market?

a)

Issuers reluctant to wider their investment portfolio in the bond market.

b)

There is a difficulties in obtaining the funds because of the strict procedures that have been set up by the credit facility institutions.

c)

The methodology used by the credit rating companies is not universal.

d)

All of the above.

5.

One of the issues in credit rating is because of conflict of interest. What is conflict of interest in the rating part?

a)

Issuers are reluctant to provide the credit rating companies of their information.

b)

Both parties investor and issuer are having a conflict regarding the bond market transaction.

c)

Credit rating companies were being paid by the issuers so that the issuers' securities will be rating highest.

d)

All of the above.

6.

What are the causes of the fluctuation of bond price ?

a)

Discount Rate, Inflation

b)

Interest Rate, Inflation

c)

Coupon Rate, Recession

d)

Interest Rate, Deflation

7.

When interest rate rise, the price of bond will___?

a)

increase

b)

fall

c)

rise

d)

normal

8.

Expected inflation will also lower the real interest rate on bonds thus lowering the real return on holding or ___ bonds.

a)

issue

b)

selling

c)

supplying

d)

purchasing

9.

All bonds have a par value, an interest rate and a __?

a)

period date

b)

expired date

c)

maturity date

d)

issue date

10.

When is the date of birth of Madam Aien?

a)

22 January

b)

06 January

c)

03 January

d)

10 January

11.

What is the full name of our beloved and gorgeous ICM lecturer?

a)

Nur Aien Binti Abd Aziz

b)

Nurul Ain Binti Abd Aziz

c)

Nurul Aien Binti Abd Aziz

d)

Nur Aien Binti Abdul Aziz

12.

Uwais Hanzalah is a handsome and cutest boy in the world. He is_____________?

a)

Son of Madam Aien.

b)

Bestfriend of Madam Aien.

c)

All of the above.

d)

None of the above.

13.

Meaning of sophisticated investor?

a)

Satisfaction of the market players will determine the development and the successful of any market.

b)

A classification of investor indicating that someone who has sufficient capital, experience and net worth to engage in more advanced type of investment opportunities.

c)

Investor that have a depth of experience and a market knowledge.

d)

Investor eligible for certain benefits and opportunities.

14.

A sophisticated investor can be seen as?

a)

Investor that do not need to liquidated investment asset in long term.

b)

An investor that can sustain a loss in their investment without damaging their net worth.

c)

An investor that do not need to liquidated investment asset in short term and even they can even sustain a loss in their investment without damaging their net worth.

d)

An investor that need to liquidated investment asset in short term and they cannot sustain a loss in their investment without damaging their net worth.

15.

What Malaysian bond market need to introduce?

a)

Future Market

b)

Super Market

c)

Competitive Market

d)

Liquidated Market

16.

From the Islamic point of view is Malaysian bond market have been develop and expand?

a)

Yes

b)

No

17.

To improve the bond market breadth and depth the investor should?

a)

Do nothing.

b)

Invest less.

c)

Have the courage to take the risk to develop more.

d)

All of the above.

18.

Are you following Madam Aien on Instagram?

a)

Absolutely Yes.

b)

No.

c)

Yes, but she didn't accept my request.

d)

I have no Instagram account.

19.

What have you learned in Islamic Capital Market?

a)

Sukuk is a certificate.

b)

Islamic capital market is a short term investment.

c)

Securities Commission (SC) has no role at all regarding transaction in Islamic capital market.

d)

None of the above.

20.

Transparency can be divided into two categories, which are :

a)

Free-trade and Pay-trade transparency.

b)

High-trade and Low-trade transparency.

c)

Pre-trade and Post-trade transparency .

d)

Price-trade and Cost-trade transparency.

21.

The recommendation that may be considered by EMs in their corporate bond market development in order to improve transparency and governance is

a)

Promoting trading and price transparency.

b)

Enhance trading efficiency in the market.

c)

Develop a sequenced strategy for corporate bond market development.

d)

Standardise bond offering documentation.

22.

Bond market is a place where

a)

Public sector can raise funds by issuing private debt securities.

b)

Private sector can raise funds by issuing government and private debt securities.

c)

Private and public sectors can raise funds by issuing government debt securities.

d)

Public and private sectors can raise funds by issuing government and private debt securities.

23.

The causes to the lack of transparency in corporate bond market are

a)

Lack of regulatory framework and high transaction costs.

b)

Lack of regulatory framework and low transaction costs.

c)

High transaction costs and high liquidity.

d)

Low transaction costs and low liquidity.

24.

Transparency of information and governance in corporate bond markets have an important roles

a)

In developing a market making system for corporate bonds.

b)

In boosting the confidence of investor and promoting efficiency.

c)

In establishing corporate bond index.

d)

In encouraging the development of risk management instruments.

25.

What is the color of Madam Aien's car?

a)

Orange

b)

Red

c)

Silver

d)

Gold

26.

Defined Sukuk

a)

Securities of equal denomination representing individual ownership interests in a portfolio of eligible existing or future assets.

b)

Sukuk is an Islamic financial certificate, similar to a bond in Western finance that complies with Sharia.

c)

Sukuk is defined as Islamic bonds that are structured to generate returns to investors without contravene or violate Islamic law where riba or interest is prohibited.

d)

All of the above.

27.

______________ lead to increase in liquidity in the bonds market.

a)

Low trading volume

b)

Low trending volume

c)

High trading volume

d)

High trending volume

28.

____________ of financial crisis changes that have caused the levels of liquidity in the bond market to be ___________.

a)

Pre-effect …………… reduced

b)

Post-effect …………… reduced

c)

Before-effect …………… increased

d)

After-effect ……………. Increased

29.

If the selling of the asset takes shorter time but with a significant loss,

a)

it is solid.

b)

it is not illiquid.

c)

it is liquid.

d)

it is not liquid.

30.

Two corporate bond markets that exist in Malaysia

a)

Islamic instruments

b)

Conventional instruments

c)

C only

d)

B and C