Professional Documents
Culture Documents
TBE A - C Tutorial Questions With Answers v0.2 (2022)
TBE A - C Tutorial Questions With Answers v0.2 (2022)
Tutorial Questions
3. ‘Aqīdah generally refers to a firm belief in the fundamentals of Islām which are centered on
A. Imān
B. Akhlāq
C. Jināyat
D. none of the above is true.
A. Fiqh ‘Ibādat deals with the relationship between man and Allāh SWT.
B. Fiqh Munākahāt deals with the rulings related to family law.
C.‘Aqīdah deals with behaviour and morality
D. Fiqh Jināyat deals with rulings related to criminal law.
Tutorial Questions
A. Moral Hazard
B. Particular Hazard
C. Morale Hazard
D. Physical Hazard
11. A person driving recklessly in view of being fully covered by Motor Takaful is an example of
A. Moral Hazard
B. Particular Hazard
C. Morale Hazard
D. Physical Hazard
12. One of the following is NOT A STEP in the risk management process
A. Risk Identification
B. Risk Evaluation
C. Risk Creation
D. Risk Monitoring
A. “Kafālah”
B. “Ad-dīn”
C. “Akhlāq”
D. “‘Aqīdah”
14. Under this system, if any member of a tribe killed another member of the tribe, the close relatives
of the killer are required to pay “blood money” as compensation to the heir of the victim.
A. Al-Dina
B. Al-Aqilah
C. Al-Aqi
D. Al-Ma’aqil
TBE A & C
Tutorial Questions
15. The concept of _____________ eliminates the element of uncertainty in the Takaful contract
(when compared to life insurance).
A. diyat
B. mudharabah
C. tabarru’
D. none of the above are TRUE.
A. act as an administrator and distribute the proceeds to the rightful heirs according to Faraid Law
B. receive the policy monies as a beneficiary
C. distribute the proceeds to the rightful heirs according to the Distribution Act
D. have a choice to distribute the proceeds to the rightful heirs according to the Distribution Act or
Faraid Law.
A. Insurance is a process through which losses suffered by a few is spread to and borne by many
B. Insurance is a process through which losses suffered by many is spread to and borne by a few
C. Insurance is a process through which losses are avoided to ensure maximum profit
D. Insurance is a speculative business where loss is avoided at all costs.
18. Generally speaking an insurance contract is a contract of ___. SELECT the MOST appropriate
answer.
20. A contract that puts the Insured in the same financial position as he was in before the misfortune
occurs is called a contract of_______.
A. replacement
B. indemnity
C. restitution
D. consideration
TBE A & C
Tutorial Questions
23. A person shall be deemed to have PTI in the person covered if the other person is
A. I, II and III
B. I, II and IV
C. I, III and IV
D. All of the above are TRUE
24. The IFSA 2013 (Part 2 Schedule 9 Para 4 ) states that the duty of disclosure shall not require the
disclosure of a matter that
A. I, II and III
B. I, II and IV
C. II, III and IV
D. All of the above are TRUE
25. When one party has the right to "step into the shoes" of another party for the purpose of bringing a
claim for damages, the principle used is called
A. Authorization
B. Power of Attorney
C. Substitution
D. Subrogation
TBE A & C
Tutorial Questions
26. The main purpose of Bank Negara Malaysia (BNM) is_____. Select the option that is FALSE
27. BNM role as supervisor for the Takaful industry is to achieve the following objectives. SELECT the
COMBINATION THAT IS TRUE.
A. I & II
B. I, II & III
C. II, III & IV.
D. All of the above are TRUE.
28. The key objectives of Malaysian Insurance and Takaful Brokers Association (MITBA) are ____.
Select the option below which is FALSE
A. To promote and establish a sound brokerage business in Malaysia in co-operation and consultation
with the DGI
B. To promote and represent the interests of members.
C. To note events, statements and expressions of opinion affecting members
D. To advise Bank Negara on all matters related to the takaful broking business in Malaysia.
29 According to IFSA 2013, a Takaful agent is defined as a person who does all or any of the
following. One of the following is FALSE
30. The main duties of a Takaful broker are as follows. Select the CORRECT COMBINATION
BELOW.
I. Assists the customer in obtaining and renewing a Takaful cover from a Takaful Operator
II Recommends and advises the customer on the most appropriate Takaful plan offered by Takaful
Operators.
III. Takes the initiative to design and create a plan for the customer and seek approval from Takaful
Operators
IV. Ensures the customer will sign a commitment contract with the client to stay with the selected
Takaful Operator for at least 10years.
TBE A & C
Tutorial Questions
A. I & II
B. I, II & III
C. II, III & IV.
D. All of the above are TRUE.
31. The principal will have the following duty towards the agents. Select the CORRECT option below.
32. The relationship of the principal and a takaful agent may be terminated as indicated below.
A. I & II
B. I, II & III
C. II, III & IV.
D. All of the above are TRUE.
33. An Indemnity Certificate (under the Medical and Health Takaful) is one that
34. ________ is a fixed amount the participant must first pay regardless of the total cost of an eligible
benefit under the medical and health takaful.
A. Standard disbursement
B. Fixed disbursement
C. Deductible
D. Co-payment
35. Select the combination that is TRUE about Cashless Hospital Admission
I. Upon admission of a participant to a panel hospital, a letter of guarantee is issued and the hospital
deposit may be eliminated.
II. Upon discharge from the hospital, the participant does not have to settle the bill with the hospital.
III. All the eligible benefits will be taken care of by the Takaful Operator.
IV. The claimant only needs to pay for non-reimbursable charges.
A. I & II
B. I, II & III
C. II, III & IV.
D. All of the above are TRUE.
TBE A & C
Tutorial Questions
36. A Hospitalisation and Surgical Takaful plan may be extended to cover the following EXCEPT
37. “This plan provides participants with daily cash benefit, should the participant be hospitalised due
to all causes, subject to the terms and conditions of the certificate/rider” describes
38. A form of medical cost sharing in a Medical and Health Takaful plan where the participant has to
pay a certain amount of his medical fees describes the practice of
A. Co-payment
B. Co-Sharing
C. Co-Takaful
D. Co-Caring
40. The main characteristics of Medical and Health Takaful will include the following. Select the
COMBINATION that is TRUE.
A. I & II
B. I & III
C. I & IV.
D. II & IV.
41. Select the STATEMENT which is NOT true about the free-look period.
A. The free-look period is 15 days from the delivery date of the certificate.
B. It is also called the ‘cooling-off’ period
C. Participants can return the certificate but all the contribution paid will be forfeited
D. When the policy is returned, the Operator can only deduct expenses incurred for the medical
examination from the contributions paid
TBE A & C
Tutorial Questions
42. The contributions for a group medical and health plan is calculated based on the
43. The contributions for a group medical and health plan is calculated based on the
A. selecting risks for Takaful and classifying them according to their risk profiles so that the
appropriate rates and terms may be assigned
B. selecting risks for Takaful and classifying them according to their cost profiles
C. occupational and selecting risks for Takaful and classifying them according to their occupational
and age profiles
D. selecting risks for Takaful and classifying them according to the participant payment capacity
A. to protect the Takaful fund from undue investment risk by selecting appropriate funds
B. to ensure the operations of the Takaful operator are streamlined and efficient
C. to protect the Takaful fund from undue financial strain or exposure
D. to ensure the agency force is well aware of providing needs based solutions
A. Anti-selection occurs when more sub-standard risks are accepted for coverage
B. Anti-selection is a term used to describe the hesitation to buy takaful plans.
C. Anti-selection occurs when more standard risks are accepted for coverage
D. Anti-selection is a term to describe favouritism shown by underwriters
TBE A & C
Tutorial Questions
48. A teacher working in a school near the home will be classified as ____ in the occupational class.
A. Class 1
B. Class 2
C. Class 3
D. Class 4
49. The certificate is signed by an authorized official of the Takaful operator under the
A. Operative Clause
B. Recital Clause
C. Attestation Clause
D. The Heading
51. Select the CORRECT COMBINATION below which can be used to settle claims disputes.
A. I & II
B. I, II & IV
C. II, III & IV
D. All of the above
A. I & II
B. I, II & IV
C. II, III & IV
D. All of the above
TBE A & C
Tutorial Questions
53. The following shows the claims disputes options and its explanation. Select one the following that
is FALSE
A. Negotiation and Compromise Settlement: The claimant meets the Takaful Operator to settle the
dispute through discussions.
B. Litigation: A claimant takes the Takaful Operator to court.
C. Arbitration: It provides the claimant the right to appoint any third party to settle the dispute
D. Mediation: The dispute is settled by an Ombudsman for Financial Services created under the
Financial Services Act 2013 and Islamic Financial Services Act 2013.
A, I, & II
B. I, II & III
C. II, III & IV
D. All of the above
55. A Participant’s Investment Fund (PIF) is a proportion of the participant’s Takaful contribution that
56. Under the ________ Model the profit will be shared between the participant and the Takaful
Operator according to a pre-agreed ratio.
A. Wakalah
B. Hybrid
C. Tabarru
D. Muḍārabah
A. mis-statement of age
B. capacity to contract
C. suppression of material fact
D. free-look period
58. Under the Group Retirement Scheme, the following benefits are payable upon the participant’s
death or TPD. Select the MOST APPROPRIATE answer.
Tutorial Questions
60. The major surgical and hospitalization benefits rider under the Group Family Takaful Plans pays
A. room charges subject to certain ceiling on both the amount and the number of days in a year that
the participant can avail of the benefit.
B. room charges are not subject to any ceiling on both the amount and the number of days in a year
that the participant can avail of the benefit.
C. does not pay room charges but only covers the costs of surgical procedures
D. all expenses incurred as long as the expenses are related to medical conditions of the participant
and the dependents.
62. An________, the person who takes over the assigned rights, will have the same rights as those
enjoyed by the _______ who gives up those rights
A. assignor, assignee
B. assignee, assignor
C. trustee, beneficiary
D. beneficiary, trustee.
64. A claim can arise under any one of the following situations. Select the CORRECT COMBINATION
below.
Tutorial Questions
65. The nominee of a Muslim participant shall receive the certificate proceeds as
A. a beneficiary
B. a trustee
C. an heir
D. none of the above is TRUE.
66. It is the responsibility of the Takaful Operator to keep the Claims register ____.
67 Prospective participants must study and consider all key aspects before making any decision on
investment. These will include____. Select the CORRECT COMBINATION below.
I. Investment objectives
II. Availability of Funds
III. Risk
IV. Investment horizon.
A. As investment horizons increase in length, equities represent a higher risk-adjusted return than
fixed-income securities.
B. As investment horizons increase in length, equities represent a higher risk-adjusted return than
cash.
C. Across shorter investment horizons, equities become the riskier asset class because they carry
higher levels of volatility.
D. Across shorter investment horizons, equities become the less riskier asset class because they
carry higher levels of volatility.
Tutorial Questions
70. In diversification of assets, the investor must consider investing across____. SELECT the option
that is FALSE.
A. asset classes
B. countries
C. industries
D. none of the above is TRUE.
71. ___________ refers to all type of liquid instrument with minimal or no risk. Select the CORRECT
OPTION below.
A. Equities
B. Cash and deposit
C. Diversified investments
D. Property investments
A. are normally low and do not protect the investment against inflation
B. are moderate in nature and provide some hedge against inflation
C. are reasonable and allows the investor to make some profits
D. are high enough to enable the investor to enjoy good profits.
73. It is described as a certificate of trust for the ownership of an asset, or certificates of usufruct. This
instrument is ____.
A. Sukuk
B. Specialized Investment Account
C. Government Investment Issue
D. Specialized Government Investment
A. a mutual fund that guarantees the initial investment and it can be liquidated anytime.
B. a mutual fund that does not have any guarantee and it can be liquidated anytime.
C. a mutual fund that guarantees the initial investment, plus any capital gains, if it is held for the
contractual term.
D. a mutual fund that only guarantees the initial investment, if it is held for the contractual term.
A. the sum covered is usually 100% of the single contribution paid subject to a minimum amount
(RM5,000).
B. . the sum covered is usually 125% of the single contribution paid subject to a minimum amount
(RM5,000).
C. the sum covered is usually 125% of the single contribution paid subject to a minimum amount
(RM10,000).
D. the sum covered is usually 100% of the single contribution paid subject to a minimum amount
(RM10,000).
TBE A & C
Tutorial Questions
76. The difference between an investment-linked takaful and a family takaful plan is shown below.
Select the match that is FALSE.
77. The benefits of an investment linked takaful plan includes all of the following EXCEPT
A. Diversification of Fund
B. Diversification of Risk
C. Dollar cost Averaging
D. Total control of the investments by the government
78. When a security/instrument that has been invested in cannot be readily sold and converted into
cash, the risk that arises is called_________.
A. Investment risk
B. Liquidity risk
C. Static risk
D. Conversion risk
79. The risk associated with the adverse movements in currency exchange rates related to an
investment is called
A. Liquidity risk
B. Currency risk
C. Default risk
D. Strategic risk
I. Accumulation units
II. Distribution units
III. Cumulative units
IV. Aggregated units
A. I & II
B. I, II & III
C. I, III & IV
D. All of the above are TRUE
TBE A & C
Tutorial Questions
81. In the risk exposure of the various investment funds, select the arrangement which CORRECTLY
shows the risk from the highest to the lowest risk.
83. The Takaful Operator will purchase the units for an investment linked plan at the
84. In the case of a claim under an investment linked plan, the death benefit can be calculated by the
______ method.
A. I & III
B. I, II & III
C. II, III & IV
D. All of the above
85. For Medical and Education Takaful Plans, the tax relief is _____.
86. The main purposes of the Islamic Financial Services Act 2013 covers___.
A. I & II
B. I, II &III
C. II, III & IV
D. All of the above are TRUE
TBE A & C
Tutorial Questions
87. The main purposes of the Islamic Financial Services Act 2013 covers___.
A. I & II
B. I, II &III
C. II, III & IV
D. All of the above are TRUE
88. The minimum death benefit for a single contribution Investment-Linked Takaful product is __.
89. The structured process for an agent to establish customer needs and provide advice involves the
following steps. Select the COMBINATION below that is TRUE.
A. I, II & III
B. I, III & IV
C. I, II &IV
D. All of the above are TRUE
90. The structured process for an agent to establish customer needs and provide advice involves the
following steps. Select the COMBINATION below that is TRUE.
A. I, II & III
B. II, III & IV
C. I, II &IV
D. All of the above are TRUE
91. The key ingredient to establishing and defining the client-agent relationship is ___.
A. building trust
B. explaining the performance of the Takaful Operator
C. explaining the performance of the takaful funds
D. explaining the products of the Takaful Operator
TBE A & C
Tutorial Questions
92. In the ‘gathering all relevant financial data including goals‘ stage the role of the agent is to
__.Select the MOST appropriate answer.
A. ensure the agent discusses the issues and collects date related to moral hazard
B. ensure the agent gathers all relevant data that will assist in analysing what is needed in planning
C. ensure the agent discusses the issues and collects data related to morale hazard
D. ensure the agent collects data related to the financial history of the family
93. Under the Code of Ethics and Conduct, The Audit/Disciplinary Committee of the takaful operator is
responsible for ________. SELECT THE STATEMENT THAT IS FALSE.
94. Under the Code of Ethics and Conduct, the General Sales Principles states that an intermediary
shall ________. SELECT THE STATEMENT THAT IS FALSE.
95. Under the Code of Ethics and Conduct, the General Sales Principles states that an intermediary
shall ________. SELECT THE STATEMENT THAT IS FALSE.
96. When projected benefits are illustrated in an investment linked plan, it should be made clear
A. that these are based on certain assumptions, and hence are not guaranteed
B. that these are based on certain assumptions, and hence are guaranteed
C. that these are guaranteed by the proceeds from the shareholder’s funds
D. that these are only guaranteed if the Takaful Operator makes a surplus
97. The detriment that arises from the ‘Replacement of Certificate’ include ______. Select the
CORRECT combination below.
I. the participant’s non-forfeiture options will commence again under the new certificate
II. the amount of the annual contribution under the new certificate will be higher based on the
participant’s then attained age.
III. The suicide clause and the incontestable clause (if any) starts all over again
IV. the certificate owner’s persistency or retention is affected.
A. I, II & III
B. I, II & IV
C. II, III & IV
D. All of the above
TBE A & C
Tutorial Questions
98. Some of the Seven Principles of the Code of Ethics and Conduct are listed below. Select the
CORRECT combination below.
A. I, II & III
B. I, II & IV
C. II, III & IV
D. All of the above
99. Some of the Seven Principles of the Code of Ethics and Conduct are listed below. Select the
CORRECT combination below.
I. To ensure confidentiality of communication and transactions between the takaful operator and its
participants and clients.
II. To ensure fair and equitable treatment of all participants and others who rely on or who are associated
with the takaful operator;
III. To conduct business with the utmost good faith and integrity.
IV. To undertake the replacement of a plan if it was not suitable for the participant.
A. I, II & III
B. I, II & IV
C. II, III & IV
D. All of the above
100. BNM’s guideline on the “Proper Advice Practices for Family Takaful Business” states that if a
claimant has proved the covered event, the claim has to be settled without undue delay
A. within 30 days
B. within 60 days.
C. within 90 days.
D. there is no time limit to the payment
TBE A & C
Tutorial Questions
Answers:
1 B 26 B 51 D 76 D
2 D 27 A 52 C 77 D
3 A 28 D 53 C 78 B
4 C 29 D 54 A 79 B
5 A 30 A 55 C 80 A
6 B 31 A 56 D 81 A
7 D 32 D 57 C 82 D
8 B 33 A 58 C 83 A
9 A 34 C 59 D 84 A
10 A 35 D 60 A 85 B
11 C 36 C 61 A 86 D
12 C 37 A 62 B 87 C
13 A 38 C 63 B 88 A
14 B 39 C 64 C 89 B
15 C 40 C 65 B 90 A
16 A 41 C 66 A 91 A
17 A 42 A 67 D 92 B
18 C 43 B 68 D 93 D
19 C 44 B 69 C 94 B
20 B 45 A 70 D 95 C
21 C 46 C 71 B 96 A
22 A 47 A 72 A 97 D
23 D 48 A 73 A 98 D
24 C 49 C 74 C 99 C
25 D 50 B 75 B 100 B