Financial Services Act 2013
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Questions and Answers

What is one of the objectives of the Financial Services Act 2013?

  • To provide adequate consumer protection (correct)
  • To promote competition among financial institutions
  • To enhance and support inclusive growth in the financial system and the economy
  • To give BNM more powers in a complex and interconnected environment
  • According to the Financial Services Act 2013, what is the main purpose of the act?

  • To promote competition among financial institutions
  • To enhance and support inclusive growth in the financial system and the economy (correct)
  • To provide adequate consumer protection
  • To give BNM more powers in a complex and interconnected environment
  • What is the role of the Financial Services Act 2013 in relation to Bank Negara Malaysia (BNM)?

  • To promote competition among financial institutions
  • To give BNM more powers in a complex and interconnected environment (correct)
  • To enhance and support inclusive growth in the financial system and the economy
  • To provide adequate consumer protection
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