Worksheets💰 “Quiz4Wealth: Your Path to Financial Wisdom”
Total questions: 20
Worksheet time: 10mins
Nuh has RM5,000 and is considering putting it in a savings account with 2% interest or investing in a stock with potential 7% growth. Which option carries higher risk but potentially higher return?
Savings account
Stock investment
Fixed deposit
In Malaysia, if you open a savings account at Maybank, what is one advantage besides earning interest?
Your money is insured under PIDM up to RM100,000
Unlimited bonus points
No need for IC verification
Afiq invests in real estate in Johor Bahru hoping prices will rise in 5 years. This type of investment is considered…
Speculative
Growth investment
Liquid asset
Government bond
What is the main difference between equity (shares) and bonds in terms of ownership?
Shares = owner, Bonds = lender
Shares = lender, Bonds = owner
Both make you an owner
If Bank Negara increases interest rates, what happens to existing bond prices in the market?
They go up
They go down
They stay the same
Paan wants to diversify his investments and reduce risk by spreading across shares, bonds, and property. This strategy is called…
Hedging
Asset allocation
Gambling
If you start saving RM300/month at age 25 with 9% return, you may have RM1.4 million by 65. But if you start at 35, roughly how much will you have?
RM1.4 million
RM550,000
RM201,000
One common misconception Malaysians have is: “My EPF savings alone will be enough for retirement.” Why is this dangerous thinking?
EPF automatically doubles your savings
EPF may not cover 20+ years of expenses with inflation
EPF is only for government workers
Daus, 60, is retiring soon. He expects his daily fuel and work lunch costs to reduce, but which expenses are likely to increase after retirement?
Housing loan
Medical and health costs
Work clothes
According to Khazanah Research, what percentage of Malaysians under 30 may not achieve the basic RM240,000 EPF retirement savings?
50%
70%
90%
Jang worked 30 years in the government sector and is retiring. Under JPA’s pension scheme, what is the maximum pension he can receive compared to his last drawn salary?
Half of last salary
Three-fifths (3/5) of last salary
Full salary
If inflation averages 2% yearly, how will this affect retirees’ expenses over 20 years?
Expenses will drop by half
Expenses will slowly increase
Expenses will stay the same
Insurance is best described as…
A way to gamble with money
Protection against possible financial loss
A loan from the bank
Which of the following is a speculative risk (not insurable)?
Starting a small business
Fire damaging a house
Car accident on highway
With the multiple salary approach, how much coverage should a person earning RM60,000 yearly aim for?
RM60,000
RM600,000
RM6,000
Which type of life insurance covers you for your whole lifetime with higher premiums but also cash value?
Term life insurance
Whole life insurance
Travel insurance
An endowment plan combines…
Insurance + savings plan
Medical card + gold investment
Travel coverage + fire insurance
In Malaysia, which insurance is mandatory under the Road Transport Act 1987?
Medical insurance
Fire insurance
Motor insurance
Iyad invests all his savings into one single company’s stock. His friend tells him this is risky because if the company fails, he could lose everything.
True
False
Mito, 28, says he doesn’t need to save for retirement now because he still has 30 years before retiring. His thinking is dangerous because the earlier he starts, the more compounding works for him.
False
True
