Banking and Finance
Finance
Technology
About DBKF
100
Name the central bank of Singapore.
MAS - Monetary Authority of Singapore
100
Name one financial market.
The stock market, Bond market, forex, commodities, and the real estate market
100
Name 2 digital banks.
Trust Bank (under NTUC and Standard Chartered),
GXS Bank (under Singtel and Grab)
ANEXT Bank (under Ant Financials)
Green Link Digital Bank (under Greenland Holdings)
100
DBKF is too difficult for people who are not so good in Math. True or false?
False! DBKF prepares student for a career in the Financial Sector. While it is true that students who are good in Math tend to have an advantage due to strong logical skills, the Financial Sector also needs talents who are good in handling customer relationship. You wouldn't put your money with someone who can't communicate to you well right?
200
Name 3 roles in a bank.
Relationship Manager, Branch Manager, Mortgage Consultant, Credit analyst, Investment banker, Financial advisor/analyst, Asset manager, Venture Capitalist Analyst and more!!
200
Name a commodity.
Gold, oil, corn, wheat, rubber, and more
200
Name 2 cryptocurrencies excluding BTC and ETH
Tether, Cardano, Solana, Binance Coin, Binance USD, Dogecoin (DOGE), Polkadot, XRP, and more!!
200
DBKF is for people who want to become traders. True or false?
False! DBKF's curriculum is well regarded, and it focuses on three key pillars -
1. digital and analytical skills which are increasingly important as FinTech continues to disrupt the Financial Sector
2. market expertise and insights on various segment on banking such as consumer banking, corporate banking and investment banking
3. Industry relevance and recognition - DBKF collaborates with various industry partners to make learning authentic and relevant
300
Which of the following company is higher risk? Assume that both companies sell the same product.
(a) E-commerce company using cost-leadership and selling 100% on advance payment basis or
(b) Retail company using specialist niche and selling 50% on open account with credit terms of 30 days and remaining 50% on cash on delivery.
(b). Terms of trade or method of payment tells banks alot about the business's risks!
300
What is the difference between a stock and a bond?
A stock is an equity instrument, whereas a bond is a debt instrument
A bond has maturity, while a stock doesn’t
300
MAS has estimated that more than 9,400 new permanent job roles will be added in the Financial Sector in 2022 with more than 30% of the roles in technology.
True or false?
True. Tech roles are mainly software developers and engineers to support growth area in digital finance services, applying blockchain in trade finance, using artificial intelligence to detect fraud and money laundering.
There will also be interesting new roles in sustainable finance from execution of ESG transactions to advisory and product development. Many of these jobs will draw on traditional finance expertise such as product structuring, risk management, reporting and pricing, but layered and infused with new knowledge on sustainability.
300
Name 3 companies/organisations that DBKF students intern with in the past.
Banks - UOB, DBS, OCBC, HSBC, RHB
Financial Institutions - Prudential, Chubb Insurer
Government - MAS, Enterprise Singapore
400
How many banks are there in Singapore?
(a) 30 banks
(b) 55 banks
(c) 153 banks
(c). There are total of 153 banks in Singapore as at Dec 2022! Most of us only heard of the local banks or qualifying full banks because only such banking licenses are allowed to deal with consumers.
However, there are banks with other type of licenses such as wholesale banks (95 different banks from ABN Amro to Morgan Stanley and Westpac) who are only allowed to deal with companies.
400
Which of the following is the highest risk investment type?
(a) Stock
(b) Bonds
(c) Unit Trust
(d) Money Market
(a) Stock is the highest risk. Bonds investors are paid before stock investors in times of liquidation. For unit trust, it invests in a basket of investment products. Diversification reduces risk. Money market refers to short type investment in bills. The shorter duration makes it less risky.
400
Name 1 technology used to enhance security in digital banking.
Data encryption/Login protection(face recognition)/Artificial Intelligence/Digital account opening/API deployment/Video collaboration tools/Robotic process automation.
400
Name 2 industry partners that collaborate with DBKF students in Final Year Project.
Banks - OCBC Frank, UOB
Financial Institutions - Prudential
FinTech companies - ECXX, Pundi-X
Government - Institute of Financial Literacy under MAS Moneysense, CPF Board
500
Which of the following investment will generate higher return?
(a) or (b)?
Both generate the same end value of $124,982 assuming an initial investment amount of $100,000. However, based on the TVM investment B will generate higher returns as you get the money earlier to be reinvested first.
500
What is the world's most stable currency?
The Swiss Franc (CHF)
The currency of Switzerland and Liechtenstein, is the most stable currency in the world.
500
Name one project led by Monetary Authority of Singapore to support Singapore's support for Asia transition to low carbon economy.
Hint: You will know this if you have attended Singapore FinTech Festival 2022!
Project Greenprint
500
What is the percentage of DBKF students that move on to further their education in university?
(a) 60%
(b) 70%
(c) 80%
(c) More than 80% of DBKF graduates further their education in local university like NUS, NTU, SMU, SUSS and SIM etc.