1. |
What is the maximum insured amount covered by PIDM per depositor per member institution? |
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a) |
RM 55,000 |
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b) |
RM 100,000 |
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c) |
RM 60,000 |
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d) |
RM 25,000 |
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2. |
Which of the following accounts does not have separate coverage by PIDM? |
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a) |
Islamic accounts |
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b) |
Joint and trust accounts |
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c) |
Non-payable deposits in Malaysia |
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d) |
Sole proprietorships, partnerships and professional practices |
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3. |
Which of the following deposits held at a PIDM member institution is NOT eligible for deposit insurance coverage? |
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a) |
Fixed deposits |
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b) |
Banker’s cheques |
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c) |
Savings and current accounts |
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d) |
Foreign currency deposits |
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4. |
Which of the following depositors are eligible for deposit insurance coverage? |
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a) |
Individuals |
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b) |
Businesses |
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c) |
Foreigners/expatriates/non-residents |
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d) |
All of the above |
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5. |
Which of the following is NOT a member institution of PIDM? |
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a) |
Development financial institutions |
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b) |
Commercial banks |
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c) |
Islamic banks |
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d) |
Finance companies |
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6. |
En. Ahmad has deposits totalling RM 85,000 in his conventional accounts (fixed deposit, current and savings accounts) and a total of RM 55,000 in his Islamic accounts. What is the total deposit insurance coverage for both his conventional and Islamic accounts? |
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a) |
RM 60,000 |
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b) |
RM 55,000 |
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c) |
RM 85,000 |
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d) |
RM 115,000 |
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7. |
You deposited RM 60,000 in a two-year fixed deposit at a PIDM member institution. To date, it has earned RM 8,000 in interest, bringing the total value to RM 68,000. You have no other deposits at this institution. How much does PIDM insure your deposit for? |
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a) |
RM 60,000 |
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b) |
RM 68,000 |
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c) |
RM 8,000 |
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d) |
You will not receive coverage |
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8. |
Which of the following statements is false? |
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a) |
It is mandatory for all commercial and Islamic banks and finance companies in Malaysia to be members of PIDM. |
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b) |
Deposits placed with non-members of PIDM are not eligible for deposit insurance coverage. |
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c) |
Depositors need to apply to be covered under the deposit insurance system. |
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d) |
Premiums are paid by member institutions in order to fund the deposit insurance system. |
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9. |
You have deposits at two separate financial institutions that are both PIDM members. You have RM 70,000 in a savings account at a bank and RM 25,000 in an Islamic savings account in another bank. What is the total amount of your deposits that are insured by PIDM? |
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a) |
RM 95,000 |
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b) |
RM 85,000 |
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c) |
RM 70,000 |
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d) |
RM 120,000 |
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10. |
Encik Ahmad’s company has the following deposits in ABC Bank: |
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| Ahmad Enterprise (account) |
Conventional (RM) |
Islamic (RM) |
| Savings |
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| Current |
45,000 |
80,000 |
| Fixed Deposit |
10,000 |
5,000 |
| Total Deposits |
55,000 |
85,000 |
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What is the total amount of deposit insurance coverage? |
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a) |
RM 120,000 |
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b) |
RM 55,000 |
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c) |
RM 85,000 |
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d) |
RM 115,000 |
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