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100+ Free RFP Module 3 Practice Questions

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Key Facts: RFP Module 3 Exam

75 Q

The official exam format consists of 75 multiple-choice questions.

MFPC Examination Guide

150 Min

Candidates have 2 hours and 30 minutes to complete the paper.

MFPC Examination Guide

50%

A passing score of 50% is required to clear this module.

MFPC Examination Guide

~RM 300

The examination fee for each module is approximately RM 300.

MFPC Fees Structure

5 Sects

The exam syllabus is structured into five distinct content sections.

MFPC Course Blueprint

3 Years

CMSRL licenses must be renewed annually but the RFP qualification itself has lifetime validity.

MFPC Syllabus

MFPC RFP Module 3 is a 75 MCQ, 150-minute exam with a 50% passing score covering investment planning fundamentals and valuation calculations in Malaysia.

Sample RFP Module 3 Practice Questions

Try these sample questions to test your RFP Module 3 exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Which regulatory body is responsible for licensing capital market intermediaries and supervising fund management activities in Malaysia?
A.Securities Commission Malaysia (SC)
B.Bank Negara Malaysia (BNM)
C.Bursa Malaysia Berhad
D.Companies Commission of Malaysia (SSM)
Explanation: Securities Commission Malaysia (SC) is the sole regulatory body established under the Securities Commission Act 1993, responsible for licensing and regulating all capital market intermediaries in Malaysia.
2Under which Act is the Securities Commission Malaysia empowered to license and regulate financial planners advising on investments in Malaysia?
A.Capital Markets and Services Act 2007 (CMSA)
B.Financial Services Act 2013 (FSA)
C.Securities Commission Act 1993
D.Companies Act 2016
Explanation: The Capital Markets and Services Act 2007 (CMSA) consolidates laws relating to licensing, market conduct, and regulations of capital markets, including financial planning services.
3What specific license must an individual obtain from the Securities Commission Malaysia to practice as a financial planner?
A.Capital Markets Services Representative's License (CMSRL)
B.Financial Adviser Representative (FAR) License
C.Capital Markets Services License (CMSL)
D.Corporate Unit Trust Adviser (CUTA) License
Explanation: Individuals who carry out regulated activities under the CMSA, such as financial planning, must obtain a Capital Markets Services Representative's License (CMSRL).
4Which statutory body in Malaysia provides protection to depositors and insurance policy owners against the failure of financial institutions?
A.Perbadanan Insurans Deposit Malaysia (PIDM)
B.Securities Industry Dispute Resolution Center (SIDREC)
C.Credit Guarantee Corporation (CGC)
D.Bank Negara Malaysia (BNM)
Explanation: PIDM is the government agency that protects depositors against the loss of their insured deposits and policy owners against the loss of takaful/insurance benefits if a member institution fails.
5Which entity operates as the approved exchange in Malaysia, providing the platform for trading equities and derivatives?
A.Bursa Malaysia Securities Berhad
B.Securities Commission Malaysia
C.Malaysian Financial Planning Council (MFPC)
D.Bank Negara Malaysia (BNM)
Explanation: Bursa Malaysia Securities Berhad operates the approved dematerialized stock exchange in Malaysia, facilitating the trading of equities, bonds, and derivatives.
6What is the minimum educational or professional credential required by the Securities Commission to apply for a CMSRL in Financial Planning?
A.A recognized professional qualification (e.g., RFP or CFP) or a relevant tertiary degree
B.A secondary school certificate (SPM) with at least five years of general sales experience
C.A Master's degree in business or economics from a local university
D.Completion of a three-day introductory course by Bursa Malaysia
Explanation: Applicants for a financial planning CMSRL must hold a recognized professional qualification (such as the Registered Financial Planner - RFP, or Certified Financial Planner - CFP) or a relevant degree from a recognized institution.
7Which independent body was established by the Securities Commission Malaysia to resolve monetary disputes between retail investors and capital market intermediaries?
A.Securities Industry Dispute Resolution Center (SIDREC)
B.Financial Ombudsman Scheme (FOS)
C.Credit Counselling and Debt Management Agency (AKPK)
D.Companies Commission of Malaysia (SSM)
Explanation: SIDREC is an independent body set up by the SC to resolve monetary disputes between retail investors and licensed intermediaries (such as brokers, fund managers, and unit trust companies).
8Under the current licensing framework in Malaysia, how often must a Capital Markets Services Representative's License (CMSRL) be renewed?
A.Annually (Every 1 year)
B.Biennially (Every 2 years)
C.Triennially (Every 3 years)
D.It has lifetime validity and does not require renewal
Explanation: Under the Securities Commission's licensing guidelines, a CMSRL is valid for one year and must be renewed annually by meeting professional requirements and paying fees.
9Which of the following activities constitutes 'insider trading' under the Capital Markets and Services Act 2007 (CMSA)?
A.Trading in shares of a company while in possession of price-sensitive information that is not generally available to the public
B.An employee buying their employer's stock through a regular monthly automated employee share purchase plan
C.A retail investor purchasing shares based on technical analysis patterns observed in public charts
D.A fund manager selling shares of a company after its quarterly financial results are uploaded to the Bursa Malaysia website
Explanation: Section 188 of the CMSA prohibits trading when a person is in possession of information that is not generally available, which they know is material and would tend to influence the price of securities.
10Which regulatory institution is responsible for maintaining monetary stability and regulating payment systems in Malaysia?
A.Bank Negara Malaysia (BNM)
B.Securities Commission Malaysia (SC)
C.Bursa Malaysia
D.Ministry of Finance (MoF)
Explanation: Bank Negara Malaysia (BNM) is the central bank of Malaysia, tasked with conducting monetary policy, regulating the banking system, and maintaining overall financial stability.

About the RFP Module 3 Exam

MFPC RFP Module 3 covers the core concepts of investment planning in Malaysia, including the regulatory environment, asset classes, portfolio theory, unit trusts, and valuation calculations.

Assessment

75 multiple-choice questions to be answered in 2.5 hours.

Time Limit

2 hours 30 minutes

Passing Score

50%

Exam Fee

~RM 300 (Malaysian Financial Planning Council (MFPC))

RFP Module 3 Exam Content Outline

15%

Investment environment & regulation in Malaysia

Regulatory framework, licensing, compliance under CMSA, investor protection, and code of ethics.

25%

Asset classes & investment instruments (stocks, bonds, cash)

Money markets, equities, fixed income securities, sukuk, derivatives, and real estate investment.

20%

Modern portfolio theory & asset allocation

Risk and return, efficient frontier, asset allocation strategies, portfolio construction, and performance measurement.

20%

Unit trusts/mutual funds and structured products

Structure of unit trusts, fees and pricing, REITs, ETFs, structured products, and capital guarantees.

20%

Equity and fixed income securities analysis and valuation / calculations

Dividend discount models, bond pricing, YTM, holding period return, portfolio beta, and tax-adjusted yield.

How to Pass the RFP Module 3 Exam

What You Need to Know

  • Passing score: 50%
  • Assessment: 75 multiple-choice questions to be answered in 2.5 hours.
  • Time limit: 2 hours 30 minutes
  • Exam fee: ~RM 300

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

RFP Module 3 Study Tips from Top Performers

1Understand the roles and regulatory powers of the Securities Commission Malaysia and Bank Negara Malaysia.
2Master the key features and differences between various asset classes, including conventional bonds, Sukuk, and equities in Malaysia.
3Get comfortable with Modern Portfolio Theory, including Sharpe, Treynor, and Jensen's Alpha calculations.
4Learn the structure, parties involved, and rules governing unit trusts and mutual funds in Malaysia.
5Memorize and practice all mathematical valuation formulas, particularly Dividend Discount Models (DDM) and bond YTM.
6Take mock exams to practice answering 75 multiple-choice questions within the 2.5-hour time limit.

Frequently Asked Questions

What is the RFP Module 3 exam?

It is the third module of the Registered Financial Planner (RFP) program, focusing on investment planning and portfolio management within the Malaysian financial context.

Who administers the RFP examination?

The examination is administered by the Malaysian Financial Planning Council (MFPC).

What is the passing score for RFP Module 3?

Candidates must achieve at least 50% to pass the examination.

Is there a time limit for the RFP Module 3 exam?

Yes, candidates have 2 hours and 30 minutes to complete the 75 multiple-choice questions.

How much does the RFP Module 3 exam cost?

The examination registration fee is approximately RM 300 per module.