WorksheetsNSD2020: Financial Management Quiz
Total questions: 12
Worksheet time: 5mins
Which of the following is a role of a bank?
Accepting deposits and granting land
Accepting deposits and granting of loans and advances
Granting of loans and food
Provides better internet connection and speed
How many banks are there in Brunei Darussalam (including the Islamic Trust Fund)?
6
7
8
9
Which of the following is a credit facility (loan)?
Personal Loan
Education Loan
Home Loan
All of the above
What is a card that allows you to borrow money within a credit limit? You use the card to make basic transactions, which are then reflected on your bills; the bank pays the merchant or business first, and later, when you receive your bill, you pay the bank.
Debit Card
Business Card
Credit Card
Cash Card
If you have a monthly salary of BND1,250 and you decided to set aside 20% for your monthly savings. How much do you save annually?
BND1,250/Annually
BND3,000/Annually
BND2,250/Annually
BND2,000/Annually
What is the rule of thumb for an emergency fund?
At least 2 - 4 months of your expenses
At least 3 - 6 months of your expenses
At least 7 - 9 months of your expenses
At least 10 - 12 months of your expenses
What is active saving?
Putting aside a portion of your income first before spending it
Spend your income first, then save
Spend all of your income
None of the above
Why is takaful/insurance important?
To protect you in the event of car accidents only
To protect you from financial scams
To protect your finances against any unforeseen circumtances
None of the above
Which one of the following is a characteristics of a financial scam?
High profit at a short period of time with low to no risk
Is a licensed financial institutions under AMBD
Have a proper documentations on the details of its investment scheme
Not stated in the AMBD Alert List
You can obtain your credit report from Credit Bureau, AMBD to obtain information on:
All your credit facilities (e.g. credit card, home loan) and utilities (e.g. as electric bill)
All of your transactions from shopping
All of your bank deposits
None of the above
If you find yourself strapped for cash, what is the best way to improve your cashflow?
Subscribe to low returns on savings account
Eat bread and drink water every day to save some money
Reduce unnecessary expenses
Register to get-rich-quick schemes
What is Total Debt Service Ratio (TDSR)?
TDSR limits your monthly loan repayment to 60% for net monthly incomes between BND1,750 to BND9,999.99
TDSR limits your monthly loan repayment to 50% for net monthly incomes between BND1,750 to BND9,999.99
TDSR limits your monthly loan repayment to 40% for net monthly incomes between BND1,750 to BND9,999.99
TDSR limits your monthly loan repayment to 30% for net monthly incomes between BND1,750 to BND9,999.99
