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WorksheetsFIN533 POP QUIZ
Total questions: 20
Worksheet time: 11mins
The followings are the type of life insurance EXCEPT:
Medical and health insurance
Whole life insurance
Motor insurance
Education insurance
Buying insurance is part of risk management tool and fall under:
Risk avoidance
Risk transfer
Risk sharing
Risk reduction
This type of insurance provides a protection and saving plan for the policy holders. The coverage of this product includes insured against death, permanent total disability and critical illness. It refers to:
Endowment insurance
Whole life insurance
Investment linked insurance
Travel insurance
Which of the following are NOT the functions of insurance?
To provide protection for family
To assist in economic survival
To cover the cost of loss.
To gain an income
The main purpose of life insurance is to:
make up for loss of earnings if an insured person is unable to ever work again
pay for urgent medical expenses to save the life of an insured person if that is needed
meet an insured person’s debts and other financial commitments in the event of death
provide a lump sum if an insured person is diagnosed with a life-threatening illness
The best time to apply for life insurance is:
today, because you don’t know what might happen to you tomorrow
tomorrow, because you shouldn’t do now what you can put off until then
as soon as you have any dependants, whenever in the future that might be
as soon as you develop a serious medical condition, so you can be covered for it
If an insured person dies, the person entitled to receive the life insurance benefit is:
the policy owner, but only if the policy owner is related to the life insured
the next of kin of the insured person
the executor of the insured person’s will, regardless of who the policy owner is
the policy owner, regardless of who that person is
Choose the correct types of common share.
Fixed deposit
Savings
Bonds
Growth share
Which one is the features of common share?
Limited liability
Flexible par value
Less volatile
Influence by population
Choose the correct basic investment concepts that individual should know:
Real Estate Cycle
Risk and Return
Close-End Fund
Voting Right’s
Types of investment is
Blue chip share
Growth share
Income share
Common share
What is the objectives of savings account?
Wealth accumulation
Service of professional fund managers
Diversification of risks
High return
Accounts maintained by retail financial institutions that pay interest but cannot be used directly as money". What is the best to explain this statement?
Bond
Fixed deposit
Savings account
Properties
Which one of the following statements best describes unit trust investment?
A real estate property which is not occupied by the owner
The issuer has to make periodic interest payments to the investor who is also known as the buyer at the maturity
No interest paid on one, two, or three months
Allow fund managers to pool money from numerous investors to invest in a portfolio of assets such as deposits, stocks, and bonds
Below are the parties involved in unit trust, except:
investment management company
unit holder
trustee
remisier
Below are the types of unit trust, except:
equity funds
fixed income funds
property trust funds
gold funds
Individual are not eligible to apply EPF withdrawal due to:
Purchase or build a house
Death withdrawal
Renovate, repair or do additional work on the existing house
Investment
Choose the correct statement on Private Retirement Scheme (PRS)
Individual tax relief of up to RM3,000 of PRS contribution per assessment year
Individual can make regular contributions or a lump sum contribution with minimum contribution of RM10.00
Individual can begin investing in PRS at the retirement age
PRS is mandatory for self-employed
Choose the correct statement on EPF:
The first account, dubbed "Account I", stores 60% of the members' monthly contribution, while the second account, stores the balance percentage.
Account I restrict withdrawals to the moment the member reaches an age of 55 years.
Membership of the EPF is mandatory for Malaysian citizens employed in the private sector, and voluntary for non-Malaysian citizens.
The EPF require a contribution of 11% of each member's monthly salary, while the member's employer is obligated to additionally fund at least 14% of employee's salary to the savings at the same time
the planning of retirement is not done well, people would suffer during retirement. These are the reasons why it could happen, except:
putting away too little
starting too late
proper financial planning
investing too conservatively
