WorksheetsLITERACY QUIZ BOWL
Total questions: 25
Worksheet time: 13mins
What is a key consideration when establishing investment goals?
Focusing on short-term investment goals only
Assuming high risk for high returns
Determining specific and measureable
Relying solely in financial advisors for investment decisions
What is an important aspect of assessing investment decisions?
Considering safety, risk, income, growth and liquidity
Disregarding income and focusing on capital appreciation
Prioritizing short - term gains over long-term growth
Ignoring risk and focusing on growth
What is retirement planning?
Planning for vacations after work
Estimating future needs when no longer working
Calculating monthly salary
Investing in short-term stocks
What is the minimum annual dividend guaranteed by EPF?
1.5%
2.0%
2.5%
3.0%
Which fee is commonly charged on a credit card?
Interest charges
Annual Fee
Late payment fee
All of the above
A charge card requires the user to:
Pay minimum 5% of the balance monthly
Pay the balance in full every month
Pay only after 12 months
Pay interest on every transaction
The major financial benefit of beginning your retirement funding early is related to?
compound interest
reduce anxiety
increase cost of living
inflation
The major advantage of mutual funds to the small investor is?
diversification
convenience
professional management
liquidity
Which of the following are NOT types of credit card?
credit card
charge card
charge card
housing loan
According to the text, which of the following should Islamic Investment NOT involve?
Investment in shares
Investments in real properties
Conventional insurance
Investments in fixed deposit account
Which of the following is NOT a valid EPF withdrawal reason?
Purchasing or building a house
Education
Traveling overseas for holiday
Medical purposes
Which investment principle encourages investors to spread out their funds across different types of asset to reduce overall risk?
Market timing
Diversification
Leverage
Speculation
Which SOCSO scheme covers accidents when traveling to and from work?
Invalidity Pension Scheme
Retirement Planning Scheme
Employment Injury Scheme
Survivors’ Pension
Which interest calculation method deducts payments made before charging interest?
Previous balance method
Adjusted balance method
Average daily balance (including purchases)
Average daily balance (excluding purchases)
Which of the following is TRUE about consumer loans?
They is always interest-rate
They are often larger and for longer periods
They are only for daily expenses
They cannot be used for education
Which of the following is least likely to be an investment objective?
save for a major purchase
pay monthly bills
enhance current income
accumulate funds for retirement
The biggest unknown factor that the retirees have when estimating their retirement needs and income is?
expenditures
inflation
social security
retirement age
Which of the following is not included in 5C information creditors look for when you apply for credit card?
character
capacity
capital
contact
What are ‘Blue Chip’ shares?
Shares of well- established with a history of stable earnings and dividends
Shares of companies that primarily distribute income to investors
Shares of companies in the construction industry
Shares of companies with high growth potential but also high risk
What are the two ways a common stockholder can accumulate wealth?
Government subsidies and tax exemptions
Capital appreciation and receiving dividends
Rental income and property appreciation
Fixed interest payments and principal repayment
Johan is planning retirement and starts saving at 45 years old. Which pitfall of retirement planning does this situation represent?
Put away too little
Start too late
Invest too conservatively
Estimate income incorrectly
Siti earns RM3,000 monthly. She contributes 11% of her salary to EPF, and her employer contributes 12%. How much in total will be credited into her EPF account every month?
RM330
RM360
RM690
RM750
Which of the following is secured by a company’s assets and allows withdrawal up to a limit?
Retail charge card
Credit card
Revolving letter of credit/ overdraft
Personal loan
Alya took a personal loan of RM100,000 at 5% flat interest for 10 years. What is the monthly installment?
RM1,000
RM1,200
RM1,250
RM1,500
What is the key difference between a Retail Charge Card and a Revolving Letter of Credit/Overdraft?
A Retail Charge Card is offered by retail businesses with cashback or reward points, while a Revolving Letter of Credit/Overdraft provides access to funds from a financial institution up to a predetermined limit.
A Retail Charge Card requires collateral such as company assets, while a Revolving Letter of Credit/Overdraft is unsecured.
A Retail Charge Card can only be used by corporations, while a Revolving Letter of Credit/Overdraft is only for individuals.
A Retail Charge Card allows unlimited spending, while a Revolving Letter of Credit/Overdraft has no limit.
