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Battle of Compliance Heroes - Round 2

Total questions: 20

Worksheet time: 7mins

Name
Class
Date
1.

For Personal Loan/Personal Financing-i, what is the minimum & maximum age requirement?

a)

18 & 60

b)

18 & 65

c)

21 & 60

d)

21 & 65

2.

What is the minimum deposit required for hire purchase financing?

a)

17%

b)

8%

c)

10%

d)

9%

3.

Upon loan approval, before execution of Hire Purchase Agreement, can dealer collect deposit from hirer?

a)

Yes

b)

No

4.

Money launderers buying business, property or luxury goods with illegal funds is a form of:

a)

Layering

b)

Integration

c)

Placement

5.

Vulnerable segment consist of :-

I. Income <= RM36k for all the locations

II. Income < RM36k for urban area

III. Income >= RM60k for urban area

IV. Income > RM60k for all locations

a)

I & II

b)

I & III

c)

II & III

d)

II & IV

6.

Debt service income ratio (DSR) is computed using all ______________ over net income after statuary deductions.

a)

outstanding debt repayment obligations from Bank

b)

outstanding debt repayment obligations from non-Banks

c)

outstanding debt repayment obligations from internal records only

d)

outstanding debt repayment obligations from Bank and non-Banks

7.

What is the document that dealer needs to serve to Hirer prior to collecting the booking fee?

a)

Fifth Schedule

b)

Second Schedule

c)

First and Second Schedule

8.

Under Section 133 of FSA 2013, a person who commits a breach of these secrecy rules, shall upon conviction be liable to the following:

a)

Imprisonment up to 5 years or fine not exceeding RM3 million or both

b)

Imprisonment up to 10 years or fine not exceeding RM3 million or both

c)

Imprisonment up to 5 years or fine not exceeding RM10 million or both

d)

Imprisonment up to 3 years or fine not exceeding RM3 million or both

9.

For delinquent HLB credit card account, when do we suspend the account from usage ?

a)

15 days

b)

30 days

c)

60 days

d)

90 days

10.

Under Fair Debt Collections Practices, we are allowed to visit customer’s workplace if

a)

the borrower has failed to respond to other means of communication

b)

is not contactable at other locations

c)

has agreed with the visit

d)

all of the above

11.

What is the minimum threshold amount to commence bankruptcy proceedings against an individual?

a)

RM30,000

b)

RM45,000

c)

RM50,000

d)

RM35,000

12.

Below are the applicable Land Laws relating to land dealings in Malaysia EXCEPT :

a)

Sarawak Land Code

b)

National Land Code

c)

Housing Development Act

d)

Sabah Land Ordinance

13.

Which of the following is not the security documents for property with individual title?

a)

Memorandum of Charge

b)

Facility Agreement

c)

Charge Annexure

d)

Deed of Assignment

14.

Which is NOT a necessary detail that is required of the customer to provide:

a)

Shares (investment)

b)

Purpose of Transaction

c)

Place of Birth

d)

Contact Number

15.

For “Unclaimed Money”, the Bank is to lodge the unclaimed moneys to the Registrar on:

a)

half-yearly basis, i.e. March and September respectively.

b)

half-yearly basis, i.e. June and December respectively.

c)

annually basis before end of every March.

d)

annually basis before end of every December.

16.

What are the minimum months in arrears before the Bank can repossess a vehicle from a deceased Hirer?

a)

3 months

b)

1 month

c)

2 months

d)

4 months

17.

Financing of terrorism includes:

a)

Providing or collecting property for carrying out an act of terrorism

b)

Providing services for terrorism purposes

c)

Dealing with terrorist property

d)

All of the above

18.

What is the acceptable collateral for Share Margin Financing?

a)

Unquoted shares

b)

Property

c)

Quoted shares

d)

Gold bar

19.

For Personal Loan/Personal Financing-i, MUE refers to :

a)

Minimum Unsecured Exposure

b)

Maximum Unsecured Exposure

c)

Multiple Unsecured Exposure

d)

Margin Unsecured Exposure

20.

Which of the following is NOT a method that thieves use to steal the identity of an individual or business?

a)

Layering

b)

Phishing

c)

Shoulder surfing

d)

Social engineering