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BD EXERCISE (T8-T10)

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

Banking transaction that takes placed in a virtual ambience on the website of a banking company is termed as:

a)

internet banking.

b)

telephone banking.

c)

mobile banking.

d)

modern banking.

2.

The term PIN refers to Personal Information Number.

a)

True

b)

False

3.

The Digital Signature Act 1997 was introduced to facilitate existing penal law and specifically deals with crimes that can be committed using computers.

a)

True

b)

False

4.

The most common forms of security over land are:

a)

Indemnity.

b)

Charge.

c)

Hypothecation.

d)

Pledge.

5.

______ is the bailment of goods as security for payment of a debt or performance of a promise.

a)

Charge

b)

Indemnity

c)

Lien

d)

Pledge

6.

The law governing the contract of guarantee is provided under:

a)

Companies Act 2016.

b)

Consumer Protection Act 1999.

c)

Contracts Act 1950.

d)

Guarantees Act 2009.

7.

Debentures are unsecured debt instruments that are issued by a corporation and are backed by the pledge of the corporation’s general credit.

a)

True

b)

False

8.

AMLA 2001 has no extra-territorial feature as it applies to property situated in Malaysia only.

a)

True

b)

False

9.

There are 3 stages of money laundering. The first stage is:

a)

Integration

b)

Placement

c)

Layering

d)

Assignment

10.

The punishment for committing money laundering offences under section 4 AMLA 2001 is 25 years imprisonment and a fine of not less than 10 times the value of the proceeds of unlawful activity or 10 million ringgit whichever is the higher.

a)

True

b)

False