Professional Documents
Culture Documents
CEILI - SET 1
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
A investing in asset that yield less regular income or those that have
better for capital gain
B investing in asset that yield more regular income or those that have less
for capital gain
C investing in asset that yield less regular income or those that have less
for capital gain
D investing in asset that yield more regular income or those that have
better for capital gain
A I, II and III
B II, III and IV
C I, II and IV
D I, III and IV
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
6 The factors that may influence the choice of deposits in a bank include
_________.
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
A I, II and III
B II, III and IV
C I, II, and IV
D I, III and IV
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
A They are real estate investment providing good capital appreciation and
high flow of income
B They are pools of fund introduced to many investors kept in trust by bank
managed by a professional fund manager
C They are preference shares that give the holders the right to a fixed
dividend provided that have been made
D They are financial instruments whose values are linked to the price of
underlying instruments in the cash market
A the share price will fall when option is exercised, the premium and the
fixed price will be more than the values of the share
B the share price will rise when option is exercised, the premium and the
fixed price will be more than the values of the share
C the share price will fall when option is exercised, the premium and the
fixed price will be less than the values of the share
D the share price will rise when option is exercised, the premium and the
fixed price will be less than the values of the share
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
18 One of the factors which has contributed to the expansion of the investment-
linked life insurance business in Singapore was ___________
A the requirement of the Securities Exchange Act 1934 that all insurance
agents and agency office employees dealing in variable life insurance
must pass an examination in securities business
B the regulations of investment company’s management and operation
including that of how the premiums are going to be invested, financial
information of the insurer, chargeable fees and expenses and rights of
policyowners
C the introduction of the Enhanced Investment Scheme (EIS) by the Central
Provident Fund (CPF) in 1993
D the introduction of the new generation of investment-linked life insurance
products, the Hambro Whole Life Plan in 1997
24 If the offer price in an investment date is RM2.50 and the premium amount of
RM250.00 is used to buy units, it will buy __________.
A 0.01 unit
B 10 units
C 100 units
D 100 units less the unallocated premium
I. Cash Fund
II. Equity Fund
III. Property Fund
IV. Diversified Fund
A I
B I and II
C I, II and III
D I, II, III and IV
I. the life fund maintains a reserve to help level out the short term
fluctuation in value of the life fund’s investment
II. maintaining a reserve could mean that the policyowner does not
receive the full value in a year of high investment gains
III. maintaining a reserve could mean that the policyowner does not
suffer in a year of poor investment conditions
IV. maintaining a reserve could mean that the full impact of the
changes in investment conditions will be directly borne by the
policyowner
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
34 With dual pricing method, Ahmad has paid RM4,000 premium to buy his single
premium investment-linked policy. The offer price is Rm1 and bid offer spread
is 5%. Assuming the unit price never change, what is the bid price and the
amount that Ahmad will get if he cash in or claim the policy ________
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
41 The criterias for comparing traditional life insurance products with investment-
linked life insurance products include
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
A are solely dependent on fixed income securities in which the funds invest.
B comprise the investment returns only.
C wholly or partly determined by referring to the value of or income from
property of any description or by referring to the fluctuation in or in an
index of, the value of property of any description.
D are determined and fixed at the inception of the policy contract.
I. the premiums charged and the benefits under the policy are fixed
base on specific sum assured and stated in the policies at their
inceptions.
II. Policyowner have the flexibility in changing their premium
payments.
III. Life offices may retain the right to vary some of the changes made
under the policies.
IV. If the future experience differs from what is assured when the
policies are priced, the life offices may depart from their intended
policies and change the offer and bid prices.
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV
A I, II and III
B I, III and IV
C II, III and IV
D I, II, III and IV
A I and IV
B II and III
C II and IV
D II
48 What do you understand by the phrase " conducting the fact-finding" which is
done by an investment-linked insurance agent?
A I and II
B I and III
C II and III
D I, II and III