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Bank Negara Malaysia (BNM) Functions and Responsibilities Quiz
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Bank Negara Malaysia (BNM) Functions and Responsibilities Quiz

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Questions and Answers

What is the principal objective of Bank Negara Malaysia (BNM)?

  • To encourage foreign investment in Malaysia
  • To provide consumer banking services
  • To regulate commercial banks in Malaysia
  • To promote monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy (correct)

    • When was Bank Negara Malaysia (BNM) established?

  • 26th January 1959 (correct)
  • 10th December 1985
  • 15th September 1970
  • 1st May 1963

    • What governs the operations of Bank Negara Malaysia (BNM)?

  • Central Bank of Malaysia Act 2009 (correct)
  • Financial Services Act 2013
  • Securities Commission Act 1993
  • Banking and Financial Institutions Act 1989

    • What is the purpose of the Central Bank of Malaysia Act 2009?

    <p>Provides administration, objective, functions and powers of the Bank</p> Signup and view all the answers

    Which learning outcome is associated with the description of the principal functions of BNM?

    <p>2.2</p> Signup and view all the answers

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