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Question 1 of 30
1. Question
Central Provident Fund savings can be used in how many investment schemes?
Correct
The Central Provident Fund Savings can be used in the following two investment schemes:-
(a) CPF Investment Scheme (CPFIS).
(b) Special Discounted Shares (SDS) Scheme.Incorrect
The Central Provident Fund Savings can be used in the following two investment schemes:-
(a) CPF Investment Scheme (CPFIS).
(b) Special Discounted Shares (SDS) Scheme. -
Question 2 of 30
2. Question
The Central Provident Fund savings can be used in which of the following investment schemes?
I. The CPF savings can be used in the CPF Investment Scheme (CPFIS).
II. The CPF savings can be used in Singapore Investment Scheme (SPFIS).
III. The CPF savings can be used in Domestic Investment Scheme (DIS).
IV. The CPF savings can be used in the Special Discounted Shares (SDS) Scheme.Correct
The Central Provident Fund Savings can be used in the following two investment schemes:-
(a) CPF Investment Scheme (CPFIS).
(b) Special Discounted Shares (SDS) Scheme.Incorrect
The Central Provident Fund Savings can be used in the following two investment schemes:-
(a) CPF Investment Scheme (CPFIS).
(b) Special Discounted Shares (SDS) Scheme. -
Question 3 of 30
3. Question
The Central Provident Fund Investment Scheme (CPFIS) provides an option to invest which of the following type of account savings in a wide range of investments to enhance retirement nest egg?
I. The CPF Investment Scheme (CPFIS) gives an option to invest Current Account (CA) savings.
II. The CPF Investment Scheme (CPFIS) gives an option to invest an Ordinary Account (OA) savings.
III. The CPF Investment Scheme (CPFIS) gives an option to invest Special Account (SA) savings.
IV. The CPF Investment Scheme (CPFIS) gives an option to invest Personal Account (PA) savings.Correct
The Central Provident Fund Investment Scheme (CPFIS) provides an option to invest Ordinary Account (OA) and Special Account (SA) savings in a wide range of investments to enhance retirement nest egg. If you are not confident of investing on your own, you should leave your money in your CPF account which earns risk-free interest.
Incorrect
The Central Provident Fund Investment Scheme (CPFIS) provides an option to invest Ordinary Account (OA) and Special Account (SA) savings in a wide range of investments to enhance retirement nest egg. If you are not confident of investing on your own, you should leave your money in your CPF account which earns risk-free interest.
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Question 4 of 30
4. Question
Which of the following age limit should be required by a person who wishes to invest under the Central Provident Fund Investment Scheme (CPFIS)?
Correct
The following criteria should be catered by a person if he wishes to invest under the Central Provident Fund Investment Scheme (CPFIS):-
(a) The person should be at least 18 years old.
(b) A person should not an undischarged bankrupt.
(c) The person should have more than $20,000 in his Ordinary Account (OA).
(d) The person should have more than $40,000 in his Special Account (SA).Incorrect
The following criteria should be catered by a person if he wishes to invest under the Central Provident Fund Investment Scheme (CPFIS):-
(a) The person should be at least 18 years old.
(b) A person should not an undischarged bankrupt.
(c) The person should have more than $20,000 in his Ordinary Account (OA).
(d) The person should have more than $40,000 in his Special Account (SA). -
Question 5 of 30
5. Question
How much amount a person should have in its Special Account (SA) to fulfill the criteria for investment under the Central Provident Fund Investment Scheme (CPFIS)?
Correct
The following criteria should be catered by a person if he wishes to invest under the Central Provident Fund Investment Scheme (CPFIS):-
(a) The person should be at least 18 years old.
(b) A person should not an undischarged bankrupt.
(c) The person should have more than $20,000 in his Ordinary Account (OA).
(d) The person should have more than $40,000 in his Special Account (SA).Incorrect
The following criteria should be catered by a person if he wishes to invest under the Central Provident Fund Investment Scheme (CPFIS):-
(a) The person should be at least 18 years old.
(b) A person should not an undischarged bankrupt.
(c) The person should have more than $20,000 in his Ordinary Account (OA).
(d) The person should have more than $40,000 in his Special Account (SA). -
Question 6 of 30
6. Question
How much amount a person should have in its Ordinary Account (SA) to fulfill the criteria for investment under the Central Provident Fund Investment Scheme (CPFIS)?
Correct
The following criteria should be catered by a person if he wishes to invest under the Central Provident Fund Investment Scheme (CPFIS):-
(a) The person should be at least 18 years old.
(b) A person should not an undischarged bankrupt.
(c) The person should have more than $20,000 in his Ordinary Account (OA).
(d) The person should have more than $40,000 in his Special Account (SA).Incorrect
The following criteria should be catered by a person if he wishes to invest under the Central Provident Fund Investment Scheme (CPFIS):-
(a) The person should be at least 18 years old.
(b) A person should not an undischarged bankrupt.
(c) The person should have more than $20,000 in his Ordinary Account (OA).
(d) The person should have more than $40,000 in his Special Account (SA). -
Question 7 of 30
7. Question
Which of the following program helps a person to assess if Central Provident Fund Investment Scheme (CPFIS) is suitable for him?
Correct
The Central Provident Fund Investment Scheme (CPFIS) Self-Awareness Questionnaire (SAQ) helps a person to assess if CPFIS is suitable for him. The SAQ starts with learning modules on investment concepts, products and charges under CPFIS. A person will then need to log in with his SingPass to attempt a quiz. If he had completed the SAQ previously, he can login with his SingPass to check his CPFIS SAQ status.
Incorrect
The Central Provident Fund Investment Scheme (CPFIS) Self-Awareness Questionnaire (SAQ) helps a person to assess if CPFIS is suitable for him. The SAQ starts with learning modules on investment concepts, products and charges under CPFIS. A person will then need to log in with his SingPass to attempt a quiz. If he had completed the SAQ previously, he can login with his SingPass to check his CPFIS SAQ status.
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Question 8 of 30
8. Question
All types of investments are subject to which of the following factor?
Correct
All types of investments are subject to risk. Risk refers to the possibility of losing part/all of your investments due to financial market changes. By understanding the risks associated with the various investment options, you can better decide on investments that best match your risk tolerance and personal circumstances. Here are some factors you should consider:-
(a) Risk Tolerance — Consider the amount of risk you are comfortable with and can afford to take. Are you able to handle temporary short-term losses in your investments? Do you have enough savings to absorb investment risks? You can take the Risk Tolerance.
(b) Investment Time Horizon — Consider the duration of your investments. Do remember that your CPF savings are meant for your retirement. Hence, they are generally for long term purposes unless you are nearing retirement or have a short-term investment time horizon for other reasons.
(c) Overall Financial Situation — Consider your financial commitments and the amount of money required to sustain your lifestyle during retirement. Do you have other assets set aside for retirement besides your CPF savings? How are these assets invested?Incorrect
All types of investments are subject to risk. Risk refers to the possibility of losing part/all of your investments due to financial market changes. By understanding the risks associated with the various investment options, you can better decide on investments that best match your risk tolerance and personal circumstances. Here are some factors you should consider:-
(a) Risk Tolerance — Consider the amount of risk you are comfortable with and can afford to take. Are you able to handle temporary short-term losses in your investments? Do you have enough savings to absorb investment risks? You can take the Risk Tolerance.
(b) Investment Time Horizon — Consider the duration of your investments. Do remember that your CPF savings are meant for your retirement. Hence, they are generally for long term purposes unless you are nearing retirement or have a short-term investment time horizon for other reasons.
(c) Overall Financial Situation — Consider your financial commitments and the amount of money required to sustain your lifestyle during retirement. Do you have other assets set aside for retirement besides your CPF savings? How are these assets invested? -
Question 9 of 30
9. Question
which of the following factors should be considered by a person who wishes to invest under the Central Provident Fund Investment Scheme (CPFIS)?
I. A person should consider Risk Tolerance during investment under the CPF Investment Scheme (CPFIS).
II. A person should consider Market Value during investment under the CPF Investment Scheme (CPFIS).
III. A person should consider Investment Time Horizon during investment under the CPF Investment Scheme (CPFIS).
IV. A person should consider the Overall Financial Situation during investment under the CPF Investment Scheme (CPFIS).Correct
All types of investments are subject to risk. Risk refers to the possibility of losing part/all of your investments due to financial market changes. By understanding the risks associated with the various investment options, you can better decide on investments that best match your risk tolerance and personal circumstances. Here are some factors you should consider:-
(a) Risk Tolerance — Consider the amount of risk you are comfortable with and can afford to take. Are you able to handle temporary short-term losses in your investments? Do you have enough savings to absorb the investment risks? You can take the Risk Tolerance.
(b) Investment Time Horizon — Consider the duration of your investments. Do remember that your CPF savings are meant for your retirement. Hence, they are generally for long term purposes unless you are nearing retirement or have a short-term investment time horizon for other reasons.
(c) Overall Financial Situation — Consider your financial commitments and the amount of money required to sustain your lifestyle during retirement. Do you have other assets set aside for retirement besides your CPF savings? How are these assets invested?Incorrect
All types of investments are subject to risk. Risk refers to the possibility of losing part/all of your investments due to financial market changes. By understanding the risks associated with the various investment options, you can better decide on investments that best match your risk tolerance and personal circumstances. Here are some factors you should consider:-
(a) Risk Tolerance — Consider the amount of risk you are comfortable with and can afford to take. Are you able to handle temporary short-term losses in your investments? Do you have enough savings to absorb the investment risks? You can take the Risk Tolerance.
(b) Investment Time Horizon — Consider the duration of your investments. Do remember that your CPF savings are meant for your retirement. Hence, they are generally for long term purposes unless you are nearing retirement or have a short-term investment time horizon for other reasons.
(c) Overall Financial Situation — Consider your financial commitments and the amount of money required to sustain your lifestyle during retirement. Do you have other assets set aside for retirement besides your CPF savings? How are these assets invested? -
Question 10 of 30
10. Question
Which of the following Central Provident Fund Investment Scheme (CPFIS) agent banks should be used to invest Ordinary Account (OA) savings?
I. Ordinary Account (OA) savings can be invested in DBS Bank Ltd (DBS).
II. Ordinary Account (OA) savings can be invested in Overseas-Chinese Banking Corporation Ltd (OCBC).
III. Ordinary Account (OA) savings can be invested in United Overseas Bank Ltd (UOB).
IV. Ordinary Account (OA) savings can be invested in United Singapore Bank Ltd (USB).Correct
The following Central Provident Fund Investment Scheme (CPFIS) agent banks should be used with CPF statement for the investment with Ordinary Account (OA):-
(a) Ordinary Account (OA) savings can be invested in DBS Bank Ltd (DBS).
(b) Ordinary Account (OA) savings can be invested in Overseas-Chinese Banking Corporation Ltd (OCBC).
(c) Ordinary Account (OA) savings can be invested in United Overseas Bank Ltd (UOB).Incorrect
The following Central Provident Fund Investment Scheme (CPFIS) agent banks should be used with CPF statement for the investment with Ordinary Account (OA):-
(a) Ordinary Account (OA) savings can be invested in DBS Bank Ltd (DBS).
(b) Ordinary Account (OA) savings can be invested in Overseas-Chinese Banking Corporation Ltd (OCBC).
(c) Ordinary Account (OA) savings can be invested in United Overseas Bank Ltd (UOB). -
Question 11 of 30
11. Question
Which of the following Central Provident Fund Investment Scheme (CPFIS) agent banks should be used to invest Special Account (SA) savings?
Correct
There is no need to open any CPF Investment Account to invest Special Account (SA) savings. You can approach the product providers directly to buy or sell your investments.
Incorrect
There is no need to open any CPF Investment Account to invest Special Account (SA) savings. You can approach the product providers directly to buy or sell your investments.
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Question 12 of 30
12. Question
After reaching how many years of age a person will be eligible to withdraw his CPFIS- Ordinary Account (OA) and CPFIS- Special Account (SA) investments?
Correct
After reaching 55 years of age a person will be eligible to withdraw his CPFIS- Ordinary Account (OA) and CPFIS- Special Account (SA) investments, as well as the cash balance in his Investment Account, after setting aside the Full Retirement Sum (FRS) in his Retirement Account (RA). The FRS can be set aside fully with cash or with cash (i.e. at least the Basic Retirement Sum) and property.
Incorrect
After reaching 55 years of age a person will be eligible to withdraw his CPFIS- Ordinary Account (OA) and CPFIS- Special Account (SA) investments, as well as the cash balance in his Investment Account, after setting aside the Full Retirement Sum (FRS) in his Retirement Account (RA). The FRS can be set aside fully with cash or with cash (i.e. at least the Basic Retirement Sum) and property.
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Question 13 of 30
13. Question
Which of the following type of Central Provident Fund Investment Scheme (CPFIS) amount/investments could be withdrawn by a person after reaching 55 years of age?
I. A person can withdraw his CPFIS-OA investments.
II. A person can withdraw his CPFIS-SA investments.
III. A person can withdraw his cash balance in his investment account.
IV. A person can withdraw his profit in terms of cash balance in his investment account.Correct
After reaching 55 years of age a person will be eligible to withdraw his CPFIS- Ordinary Account (OA) and CPFIS- Special Account (SA) investments, as well as the cash balance in his Investment Account, after setting aside the Full Retirement Sum (FRS) in his Retirement Account (RA). The FRS can be set aside fully with cash, or with cash (i.e. at least the Basic Retirement Sum) and property.
Incorrect
After reaching 55 years of age a person will be eligible to withdraw his CPFIS- Ordinary Account (OA) and CPFIS- Special Account (SA) investments, as well as the cash balance in his Investment Account, after setting aside the Full Retirement Sum (FRS) in his Retirement Account (RA). The FRS can be set aside fully with cash, or with cash (i.e. at least the Basic Retirement Sum) and property.
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Question 14 of 30
14. Question
Which of the following scheme is a part of the Government’s asset enhancement program to make Singapore a share-owning society?
Correct
The Singapore Discounted Shares (SDS) scheme is a part of the Government’s asset enhancement program to make Singapore a share-owning society, thus giving Singaporeans a greater stake in the country. Singaporean CPF members were able to buy Discounted Singapore Telecom (SingTel) shares in1993 (ST “A” shares) and 1996 (ST2 shares). Members who held on to their discounted SingTel shares were entitled to loyalty shares.
Incorrect
The Singapore Discounted Shares (SDS) scheme is a part of the Government’s asset enhancement program to make Singapore a share-owning society, thus giving Singaporeans a greater stake in the country. Singaporean CPF members were able to buy Discounted Singapore Telecom (SingTel) shares in1993 (ST “A” shares) and 1996 (ST2 shares). Members who held on to their discounted SingTel shares were entitled to loyalty shares.
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Question 15 of 30
15. Question
Which of the following methods adopted by a person who wishes to sell or apply for withdrawal of his discounted SingTel (ST) shares?
I. A person cannot choose to sell his discounted ST shares.
II. A person cannot choose to withdraw his discounted ST shares upon meeting Singapore withdrawal conditions.
III. A person can choose to withdraw his discounted ST shares upon meeting CPF withdrawal conditions.
IV. A person can choose to sell his discounted ST shares.Correct
A person can sell or apply for withdrawal of his discounted SingTel (ST) shares on the following methods?
(a) A person can choose to withdraw his discounted ST shares upon meeting CPF withdrawal conditions.
(b) A person can choose to sell his discounted ST shares.Incorrect
A person can sell or apply for withdrawal of his discounted SingTel (ST) shares on the following methods?
(a) A person can choose to withdraw his discounted ST shares upon meeting CPF withdrawal conditions.
(b) A person can choose to sell his discounted ST shares. -
Question 16 of 30
16. Question
Which of the following method should be used by a person who wishes to sell his discounted SingTel (ST) shares if he has a trading account?
Correct
If you have a trading account, you can sell your discounted SingTel (ST) shares through your broker and if you do not have a trading account, you can sell your discounted ST shares at any Singapore Post (‘SingPost’) branches. You are required to have your NRIC and the latest copy of your CPF Statement of Account (SOA) to do so.
Incorrect
If you have a trading account, you can sell your discounted SingTel (ST) shares through your broker and if you do not have a trading account, you can sell your discounted ST shares at any Singapore Post (‘SingPost’) branches. You are required to have your NRIC and the latest copy of your CPF Statement of Account (SOA) to do so.
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Question 17 of 30
17. Question
Which of the following method should be used by a person who wishes to sell his discounted SingTel (ST) shares if he does not has a trading account?
Correct
If you have a trading account, you can sell your discounted SingTel (ST) shares through your broker and if you do not have a trading account, you can sell your discounted ST shares at any Singapore Post (SingPost) branches. You are required to have your NRIC and the latest copy of your CPF Statement of Account (SOA) to do so.
Incorrect
If you have a trading account, you can sell your discounted SingTel (ST) shares through your broker and if you do not have a trading account, you can sell your discounted ST shares at any Singapore Post (SingPost) branches. You are required to have your NRIC and the latest copy of your CPF Statement of Account (SOA) to do so.
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Question 18 of 30
18. Question
Which of the following documents should be provided by a person who wishes to sell his discounted SingTel (ST) shares at any Singapore Post (SingPost) branches if he does not has a trading account?
I. A person is required to provide his latest copy of SOA.
II. A person is required to provide the latest copy of his CPF Statement of Account (SOA).
III. A person is required to provide a completed application form from SingPost with his signature or thumbprint.
IV. A person is required to provide his NRIC.Correct
If you have a trading account, you can sell your discounted SingTel (ST) shares through your broker and if you do not have a trading account, you can sell your discounted ST shares at any Singapore Post (‘SingPost’) branches. You are required to have your NRIC and the latest copy of your CPF Statement of Account (SOA) to do so.
Incorrect
If you have a trading account, you can sell your discounted SingTel (ST) shares through your broker and if you do not have a trading account, you can sell your discounted ST shares at any Singapore Post (‘SingPost’) branches. You are required to have your NRIC and the latest copy of your CPF Statement of Account (SOA) to do so.
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Question 19 of 30
19. Question
Which of the following documents should be provided by the third party for the sale of discounted SingTel (ST) shares, If a person is unable to make a trip to Singapore Post (SingPost) in person and authorize a third party to sell his discounted ST shares on his behalf?
I. The third-party is required to provide a letter from a person authorizing the third party to sell the shares on his behalf.
II. The third-party is required to provide completed application form from SingPost, with his signature or thumbprint.
III. The third-party is required to provide original NRICs belonging to him and the authorized third party.
IV. The third-party is required to provide his latest copy of SOA.Correct
The following documents should be provided by the third party for the sale of discounted SingTel (ST) shares, If a person is unable to make a trip to Singapore Post (SingPost) in person and authorize a third party to sell his discounted ST shares on his behalf:-
(a) The third-party is required to provide a letter from a person authorizing the third party to sell the shares on his behalf.
(b) The third-party is required to provide completed application form from SingPost, with his signature or thumbprint.
(c) The third-party is required to provide original NRICs belonging to him and the authorized third party.
(d) The third-party is required to provide his latest copy of SOA.Incorrect
The following documents should be provided by the third party for the sale of discounted SingTel (ST) shares, If a person is unable to make a trip to Singapore Post (SingPost) in person and authorize a third party to sell his discounted ST shares on his behalf:-
(a) The third-party is required to provide a letter from a person authorizing the third party to sell the shares on his behalf.
(b) The third-party is required to provide completed application form from SingPost, with his signature or thumbprint.
(c) The third-party is required to provide original NRICs belonging to him and the authorized third party.
(d) The third-party is required to provide his latest copy of SOA. -
Question 20 of 30
20. Question
Which of the following form should be used as an application for withdrawal of investments under the CPF Investment Scheme (With Closure of Investment Account) and/or Discounted SingTel Shares?
Correct
Form INV-Transfer should be used as an application for withdrawal of investments under the CPF Investment Scheme (With Closure of Investment Account) and/or Discounted SingTel Shares. This form allows a person to withdraw his investments under the CPF Investment Scheme (with the closure of investment account) and/or Discounted SingTel (ST) shares. The e-Service may take 5 minutes to complete.
Incorrect
Form INV-Transfer should be used as an application for withdrawal of investments under the CPF Investment Scheme (With Closure of Investment Account) and/or Discounted SingTel Shares. This form allows a person to withdraw his investments under the CPF Investment Scheme (with the closure of investment account) and/or Discounted SingTel (ST) shares. The e-Service may take 5 minutes to complete.
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Question 21 of 30
21. Question
Which of the following forms should be used by a person as an application for the instruction to transfer discounted SingTel (ST) Shares (Division of Matrimonial Assets)?
Correct
Form INV/DMA-SDS should be used as an application for the instruction to transfer discounted SingTel (ST) Shares (Division of Matrimonial Assets). This form allows a person to transfer his Discounted SingTel (ST) Shares from the CPF account to his ex-spouse’s CPF account under the Division of Matrimonial Assets. The e-Service may take 5 minutes to complete.
Incorrect
Form INV/DMA-SDS should be used as an application for the instruction to transfer discounted SingTel (ST) Shares (Division of Matrimonial Assets). This form allows a person to transfer his Discounted SingTel (ST) Shares from the CPF account to his ex-spouse’s CPF account under the Division of Matrimonial Assets. The e-Service may take 5 minutes to complete.
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Question 22 of 30
22. Question
Which of the following forms should be used by a person as an application for the Instruction to Transfer Sale Proceeds (Division of Matrimonial Assets)?
Correct
Form INV/DMA-SP should be used as an application for the Instruction to Transfer Sale Proceeds (Division of Matrimonial Assets). This form allows a person to transfer his CPF investment sale proceeds from the CPF account to his ex-spouse’s CPF account under the Division of Matrimonial Assets. The e-Service may take 5 minutes to complete.
Incorrect
Form INV/DMA-SP should be used as an application for the Instruction to Transfer Sale Proceeds (Division of Matrimonial Assets). This form allows a person to transfer his CPF investment sale proceeds from the CPF account to his ex-spouse’s CPF account under the Division of Matrimonial Assets. The e-Service may take 5 minutes to complete.
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Question 23 of 30
23. Question
Which of the following banks are providing services of fixed deposit under the Central Provident Fund Investment Scheme (CPFIS)?
I. DBS Bank Ltd providing services under the CPF Investment Scheme (CPFIS).
II. Malayan Banking Berhad providing services under the CPF Investment Scheme (CPFIS).
III. Oversea-Chinese Banking Corporation Ltd providing services under the CPF Investment Scheme (CPFIS).
IV. United Singapore Bank Ltd providing services under the CPF Investment Scheme (CPFIS).Correct
The following banks are providing services of fixed deposit under the Central Provident Fund Investment Scheme (CPFIS):-
(a) DBS Bank Ltd providing services under the CPF Investment Scheme (CPFIS).
(b) Malayan Banking Berhad providing services under the CPF Investment Scheme (CPFIS).
(c) Oversea-Chinese Banking Corporation Ltd providing services under the CPF Investment Scheme (CPFIS).
(d) United Overseas Bank Ltd providing services under the CPF Investment Scheme (CPFIS).Incorrect
The following banks are providing services of fixed deposit under the Central Provident Fund Investment Scheme (CPFIS):-
(a) DBS Bank Ltd providing services under the CPF Investment Scheme (CPFIS).
(b) Malayan Banking Berhad providing services under the CPF Investment Scheme (CPFIS).
(c) Oversea-Chinese Banking Corporation Ltd providing services under the CPF Investment Scheme (CPFIS).
(d) United Overseas Bank Ltd providing services under the CPF Investment Scheme (CPFIS). -
Question 24 of 30
24. Question
Which of the following banks are providing services of Bond Dealers under the Central Provident Fund Investment Scheme (CPFIS)?
I. DBS Bank Ltd providing services under the CPF Investment Scheme (CPFIS).
II. Malayan Banking Berhad providing services under the CPF Investment Scheme (CPFIS).
III. Oversea-Chinese Banking Corporation Ltd providing services under the CPF Investment Scheme (CPFIS).
IV. United Overseas Bank Ltd providing services under the CPF Investment Scheme (CPFIS).Correct
The following banks are providing services of “Bond Dealers” under the Central Provident Fund Investment Scheme (CPFIS):-
(a) DBS Bank Ltd providing services under the CPF Investment Scheme (CPFIS).
(b) Oversea-Chinese Banking Corporation Ltd providing services under the CPF Investment Scheme (CPFIS).
(c) United Overseas Bank Ltd providing services under the CPF Investment Scheme (CPFIS).Incorrect
The following banks are providing services of “Bond Dealers” under the Central Provident Fund Investment Scheme (CPFIS):-
(a) DBS Bank Ltd providing services under the CPF Investment Scheme (CPFIS).
(b) Oversea-Chinese Banking Corporation Ltd providing services under the CPF Investment Scheme (CPFIS).
(c) United Overseas Bank Ltd providing services under the CPF Investment Scheme (CPFIS). -
Question 25 of 30
25. Question
Which of the following companies are providing services as “Insurance Companies” under the Central Provident Fund Investment Scheme (CPFIS)?
I. AIA Singapore Private Limited is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
II. Singapore Marine Life Insurance Singapore Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
III. NTUC Income Insurance Co-operative Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
IV. Tokio Marine Life Insurance Singapore Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).Correct
The following companies are providing services as “Insurance Companies” under the Central Provident Fund Investment Scheme (CPFIS)?
(a) AIA Singapore Private Limited is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(b) Aviva Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(c) AXA Insurance Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(d) Great Eastern Life Assurance Co Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(e) HSBC Insurance (Singapore) Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(f) Manulife (Singapore) Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(g) NTUC Income Insurance Co-operative Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(h) Tokio Marine Life Insurance Singapore Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(j) Prudential Assurance Co Singapore Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).Incorrect
The following companies are providing services as “Insurance Companies” under the Central Provident Fund Investment Scheme (CPFIS)?
(a) AIA Singapore Private Limited is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(b) Aviva Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(c) AXA Insurance Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(d) Great Eastern Life Assurance Co Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(e) HSBC Insurance (Singapore) Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(f) Manulife (Singapore) Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(g) NTUC Income Insurance Co-operative Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(h) Tokio Marine Life Insurance Singapore Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(j) Prudential Assurance Co Singapore Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS). -
Question 26 of 30
26. Question
Which of the following companies are providing services as “Investment Administrators” under the Central Provident Fund Investment Scheme (CPFIS)?
I. iFAST Financial Pte Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
II. Navigator Investment Services Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
III. Aviva Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
IV. UOB Kay Hian Private Limited is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).Correct
The following companies are providing services as “Investment Administrators” under the Central Provident Fund Investment Scheme (CPFIS):-
(a) iFAST Financial Pte Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
(b) Navigator Investment Services Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
(c) Phillip Securities Pte Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
(d) UOB Kay Hian Private Limited is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).Incorrect
The following companies are providing services as “Investment Administrators” under the Central Provident Fund Investment Scheme (CPFIS):-
(a) iFAST Financial Pte Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
(b) Navigator Investment Services Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
(c) Phillip Securities Pte Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
(d) UOB Kay Hian Private Limited is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS). -
Question 27 of 30
27. Question
Which of the following companies are providing services as “Fund Management Companies (FMCs)” under the Central Provident Fund Investment Scheme (CPFIS)?
I. iFAST Financial Pte Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
II. AIA Investment Management Private Limited is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
III. Allianz Global Investors Singapore Limited is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
IV. BlackRock (Singapore) Limited is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).Correct
The following companies are providing services as “Fund Management Companies (FMCs)” under the Central Provident Fund Investment Scheme (CPFIS):-
(a) Aberdeen Standard Investments (Asia) Limited.
(b) AIA Investment Management Private Limited.
(c) AllianceBernstein (Singapore) Ltd.
(d) Allianz Global Investors Singapore Limited.
(e) Amundi Singapore Limited.
(f) APS Asset Management Pte Ltd.
(g) AXA Investment Managers Asia (Singapore) Ltd.
(h) BlackRock (Singapore) Limited.
(j) Capital International, Inc.
(k) CIMB-Principal Asset Management (S) Pte Ltd.
(m) DWS Investments Singapore Limited.
(n) Eastspring Investments (Singapore) Limited.
(o) FIL Investment Management (Singapore) Limited.
(p) First State Investments (Singapore)3.
(q) Fullerton Fund Management Company Ltd.
(r) Goldman Sachs Asset Management (Singapore) Pte Ltd.
(s) HSBC Global Asset Management (Singapore) Limited3.
(t) Janus Henderson Investors (Singapore) Limited.
(u) JPMorgan Asset Management (Singapore) Limited.
(v) Legg Mason Asset Management Singapore Pte. Limited.
(w) Lion Global Investors Limited.
(x) Manulife Investment Management (Singapore) Pte. Ltd.
(y) Neuberger Berman Singapore Pte. Limited.
(z) Nikko Asset Management Asia Limited.
(aa) NTUC Income Insurance Co-operative Ltd2.
(ab) Ostrum Asset Management Asia Limited.
(ac) PineBridge Investments Singapore Ltd.
(ad) Schroder Investment Management (Singapore) Ltd3.
(ae) State Street Global Advisors Singapore Ltd.
(af) Templeton Asset Management Ltd.
(ag) UBS Asset Management (Singapore) Ltd.
(ah) UOB Asset Management Ltd3.
(aj) Western Asset Management Company Pte Ltd.Incorrect
The following companies are providing services as “Fund Management Companies (FMCs)” under the Central Provident Fund Investment Scheme (CPFIS):-
(a) Aberdeen Standard Investments (Asia) Limited.
(b) AIA Investment Management Private Limited.
(c) AllianceBernstein (Singapore) Ltd.
(d) Allianz Global Investors Singapore Limited.
(e) Amundi Singapore Limited.
(f) APS Asset Management Pte Ltd.
(g) AXA Investment Managers Asia (Singapore) Ltd.
(h) BlackRock (Singapore) Limited.
(j) Capital International, Inc.
(k) CIMB-Principal Asset Management (S) Pte Ltd.
(m) DWS Investments Singapore Limited.
(n) Eastspring Investments (Singapore) Limited.
(o) FIL Investment Management (Singapore) Limited.
(p) First State Investments (Singapore)3.
(q) Fullerton Fund Management Company Ltd.
(r) Goldman Sachs Asset Management (Singapore) Pte Ltd.
(s) HSBC Global Asset Management (Singapore) Limited3.
(t) Janus Henderson Investors (Singapore) Limited.
(u) JPMorgan Asset Management (Singapore) Limited.
(v) Legg Mason Asset Management Singapore Pte. Limited.
(w) Lion Global Investors Limited.
(x) Manulife Investment Management (Singapore) Pte. Ltd.
(y) Neuberger Berman Singapore Pte. Limited.
(z) Nikko Asset Management Asia Limited.
(aa) NTUC Income Insurance Co-operative Ltd2.
(ab) Ostrum Asset Management Asia Limited.
(ac) PineBridge Investments Singapore Ltd.
(ad) Schroder Investment Management (Singapore) Ltd3.
(ae) State Street Global Advisors Singapore Ltd.
(af) Templeton Asset Management Ltd.
(ag) UBS Asset Management (Singapore) Ltd.
(ah) UOB Asset Management Ltd3.
(aj) Western Asset Management Company Pte Ltd. -
Question 28 of 30
28. Question
Which of the following companies are providing services as “Local Representative of Recognized Funds” under the Central Provident Fund Investment Scheme (CPFIS)?
Correct
Navigator Investment Services Ltd is providing services as “Local Representative of Recognized Funds” under the CPF Investment Scheme (CPFIS).
Incorrect
Navigator Investment Services Ltd is providing services as “Local Representative of Recognized Funds” under the CPF Investment Scheme (CPFIS).
-
Question 29 of 30
29. Question
Which of the following criteria should be adopted by Fund Management Companies (FMCs) for the inclusion under the Central Provident Fund Investment Scheme (CPFIS)?
Correct
The Fund Management Companies (FMCs) should have a minimum one-year track record as a CMS license holder under the Securities Futures Act to cater the criteria for the inclusion under the Central Provident Fund Investment Scheme (CPFIS).
Incorrect
The Fund Management Companies (FMCs) should have a minimum one-year track record as a CMS license holder under the Securities Futures Act to cater the criteria for the inclusion under the Central Provident Fund Investment Scheme (CPFIS).
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Question 30 of 30
30. Question
Which of the following criteria should be adopted by Fund Management Companies (FMCs) for the inclusion under the Central Provident Fund Investment Scheme (CPFIS)?
Correct
The Fund Management Companies (FMCs) and its related group of companies manage at least S$500 million worth of funds in Singapore to cater the criteria for the inclusion under the Central Provident Fund Investment Scheme (CPFIS).
Incorrect
The Fund Management Companies (FMCs) and its related group of companies manage at least S$500 million worth of funds in Singapore to cater the criteria for the inclusion under the Central Provident Fund Investment Scheme (CPFIS).