Buat kuiz
# 1
pilihan
1. What is the main purpose of the Takaful Act 1984?
- To regulate the Takaful industry in Malaysia
- To promote conventional banking
- To manage stock exchange regulations
Labirin
Gaya Bebas
Universiti
Pendidikan Sosial
24
Allow incorrect answer
Sembunyikan jawapan
public kuiz
# 2
pilihan
2. Which authority regulates the Takaful industry under the Takaful Act 1984?
- Bank Negara Malaysia
- Ministry of Finance
- Securities Commission Malaysia
- Malaysian Stock Exchange
# 3
pilihan
3. Define Takaful according to the Takaful Act 1984.
- A government-funded subsidy program
- A system based on mutual cooperation and shared responsibility
# 4
pilihan
4. What is the difference between Takaful and conventional insurance, as recognized by the Act?
- Takaful offers higher interest rates
- Takaful is based on the concept of mutual assistance and is Shariah-compliant
# 5
pilihan
5. What is the role of a Takaful operator under the Takaful Act 1984?
- To issue bank loans
- To manage the Takaful fund and ensure compliance with Shariah principles
# 6
pilihan
What is the main principle that takaful is based on ?
- Cooperation and mutual protection
- Profit maximization only
- Monopoly control
- Gambling
# 7
pilihan
What the requirement for a takaful operator to starts its business under the Act
- Must obtain a license from BNM
- Must register with post office
- Must be approved by the Ministry of Tourism
- No license is required
# 8
pilihan
According to the Takaful Act 1984, how must participant funds be managed?
- Fine or imprisonment, or both
- Free government assistance
- Only a warning letter
- No penalties applied
# 9
pilihan
Can a conventional insurer offer Takaful products under the Takaful Act 1984?
- No, unless they have a separate Takaful license
- Yes, freely without any requirements
# 10
pilihan
What is the penalty for operating Takaful business without a valid license under the Act?
- Fine or imprisonment, or both
- Free government assistance
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