Banking
Finance
Financial Technology
DBKF (Our course)
100
Name the top 3 local banks in Singapore.
1. DBS
2. OCBC
3. UOB
100
Name one financial market
The stock market, Bond market, forex, commodities, and the real estate market
100
Name two programming languages
Python, C-Language, Java Script, SQL, Java, C++, Go, Ruby and more!!
100
Will technology skills be taught?
Yes, we have modules such as business analytics, predictive analytics, and more that teach us VBA, coding, Tableau and a host of other software.
200
The primary role of a bank is to take in funds (deposits) and pool them together to lend them to those in need of funds. True or false?
True! Banks lend out excess funds at a higher interest rate and pay interest on deposits.
200
Name one investment asset
Stocks, bonds, real estate, money market funds, commodities
200
Name two cryptocurrencies
Bitcoin, Ethereum, Cardano, Solana, Binance Coin, Binance USD, Dogecoin (DOGE), Polkadot, XRP, and more!!
200
Do we have final-year projects or internships in DBKF?
Yes, we have them in Y3 sem 1 and sem 2 on a rotational basis where the first 3 classes take their internship in Sem 1 whilst the other 3 classes take their regular modules and Final Year Project and vice versa.
300
To work in the Banking and Financial Sector, I must have a degree. True or false?
False! Diploma graduates can build a good career in Financial Sector and there are specific programmes from reputable banks that attract Polytechnic graduates like the JP Morgan Apprenticeship Programme. That said, some segment of Financial Sector such as Investment Banking will need at least degree.
300
Name 2 of the top 3 traded currencies in the world
USD, EURO and Japanese Yen
300
Name a holder of a digital bank license in Singapore
(Hint: Telephone provider and a transportation mogul
1. Singtel & Grab
2. Sea Limited
3. Ant Financial
4. Greenland Financial holdings
300
To enter DBKF course, the cut off point is 6 to 12. True or false?
True! Based on last year track record, our cut-off point is 6 to 12. However, this may change from year to year, depending on the students' O'level performance.
400
There are more than 150 banks in Singapore. True or false?
Hint: Branches are not counted! DBS and OCBC are considered as two banks.
True! There are over 150 banks in Singapore! The banks we are most familiar with are called local banks like (DBS/OCBC/UOB) or qualifying full banks (Citibank/HSBC). However, there are banks with other type of licenses such as Wholesale banks (95 different banks from ABN Amro to Morgan Stanley and Westpac). But we don't know them as these banks are only allowed to deal with businesses/companies!
400
Which of the following is a key thing to consider when planning for retirement
a) Age
b) Income
c) Risk Appetite
d) Financial Goals
e) All of the above
e) All the above. All these factors will affect the time horizon and feasibility of you achieving your retirement goals hence you cannot view them on a standalone basis and must consider them all together.
400
Is cryptocurrency regulated in Singapore?
a) Yes
b) No
No, MAS does not regulate the trade of cryptocurrency and they are deemed as high-risk assets.
400
DBKF is only for students who are very 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?
500
Which of the following is Singapore's Central Bank?
a. OCBC
b. DBS
c. UOB
d. None of the above.
d) None of the above. OCBC, DBS and UOB are Singapore's top 3 local banks, however, they are not Singapore's central bank. A central bank is a financial institution that dictates financial policies, prints out currencies and regulates the financial industry. Singapore's central bank is the Monetary Authority of Singapore.
500
Who controls the money supply of Singapore?
The Monetary Authority of Singapore, is the government agency in charge of all financial matters in Singapore. It is Singapore's chief financial regulator, and lucky students get to be interns at MAS! Our video booth shows the experience of what is like to be an MAS intern.
500
What is a blockchain?
a) It is a physical location where traders meet to discuss and chain information
b) It is an online server where trades are made.
c) It is a digitally distributed, decentralised public ledger that exists across a network.
A blockchain is a digitally distributed, decentralized, public ledger that exists across a network. It is slated to be the foundation of banking in the future, and there are elective courses you can take that will teach you about blockchain and FinTech!
500
Only top DBKF students can go to local university. True or false?
False! More than 80% of DBKF graduates further their education in local university like NUS, NTU, SMU, SUSS and SIM etc.