WorksheetsTHE FUTURE OF FINANCIAL STABILITY AND LITERACY
Total questions: 15
Worksheet time: 11mins
What are speaker highlights in this forum?
I. UNIT TRUST SCHEME
II. I-REITS SCHEME
III. ASB FINANCING SCHEME
IV. PRIVATE RETIREMENT SCHEME
I and II
II and III
I and III
I and IV
Ability to understand and apply different financial skills effectively, including personal financial management, budgeting, and saving.
This definition is related with __________
Financial Literacy
Capital Management
Debt Management
Efficient Investment Strategies
Which of the following financial tools do customer currently use most frequently?
I. Cheque
II. Cash
III. Credit Card
IV. Debit Card
I and II
II, III and IV
III and IV
All of the above
What are the benefits of a credit card?
I) Pay bill later
II) High costs to get cash
III) Federal law = better protection
IV) Helps you overspend
I and II
I and III
I and IV
All of the above
Which one of the statement below are not correct about unit trust?
Unit trust is a pool of money that are professionally managed by fund managers.
Investors receive a number of units to represent their investment in pool.
Unit trust is safeguard by trustee and invested in accordance to fund manager interest and objective
Fund manager will determine NAV of the fund on every business day end
Which one of below are not the benefit when investing in unit trust?
Access to broader array of financial assets
Affordability
Tax benefits
Higher service charge
Unit trust investment is a medium that can help to lessen challenges during our retirement years. Which one of this statement is not correct?
Unit trust can generate return that is enough to prepare if a retiree get sick or hospitalized
Longer life span of between 73 years to 77 years does require more retirement fund preparation
Inadequacy of savings might happen retiree due to lifestyles and no investment awareness
Inflation rate will indicate more investment for retirement should be done while you are still young
"Unit trusts are very cheap and the cost is low". This statement refers to the advantages of unit trust.
Which of the advantage that this statement refers to?
Diversification
Affordability
Liquidity
Tax benefits
____________ is a voluntary long-term savings and investment scheme designed to help you save more for your retirement
This statement is related with _____
TAKAFUL / INSURANCE
PRIVATE RETIREMENT SCHEME
ASB SCHEME
KWSP SCHEME
Only Malaysian can open Private Retirement Scheme account?
TRUE
FALSE
Who is the PRS Administrator?
Securities Commission (SC)
Principal Malaysia
Private Pension Administrator (PPA)
CWA
What are the benefits Private Retirement Scheme account?
I. Easy investment
II. Affordable savings
III. To helping you accumulate more savings for your retirement
IV. Enjoy personal tax relief of up to RM3000 per year
I, II and III only
I, II and IV only
III only
All of the above
Private Retirement Schemes (PRS) is a voluntary ________ savings and investment scheme designed to help you save more for your retirement
Long term
Short term
Why we should invest in unit trust?
I) Regulation of unit trust
II)Portfolio Diversification
III) Continous Professional Management
I,II and III only
I and II only
II only
II and III only
How do Unit Trust make money? A unit trust pools money and invests in ________
shares, bonds and money market instruments
fund,money market instruments and shares
Asset,money market instruments,shares and bonds
