CQIB MOCK EXAM QUESTIONS AND ANSWERS GRADED AND RATED A+.CQIB MOCK EXAM QUESTIONS AND ANSWERS GRADED AND RATED A+.CQIB MOCK EXAM QUESTIONS AND ANSWERS GRADED AND RATED A+.CQIB MOCK EXAM QUESTIONS AND ANSWERS GRADED AND RATED A

CQIB MOCK EXAM QUESTIONS

Which of the following is accurate regarding fiscal policy?

Government spending and taxation that influences the economy.

Who runs Superannuation funds?

Trustees

Which form of debt is a popular funding option due to taxation benefits that may

be available for borrowers?

Equipment leasing

Which of the following roles do banks play in society and the economy as a

whole?

Facilitate the creation of money, act as a financial intermediary and contribute to the

economy's development

Which one of the following is accurate in relation to Australian banking history?

Prior to 1910, banks could issue their own private bank notes.

How often is the Consumer Price Index calculated?

Quarterly

Which of the following is true regarding banks?

They are highly leveraged

How would you describe government securities and semi-government securities?

High Quality Liquid Assets

How would a deontologist view justify killing a person about to commit a terrorist

act if it meant saving the lives of many others?

It would not be justified at it is wrong to kill.

Which of the following would be considered a benefit of virtue ethics?

It provides flexibility because there are no universal 'rules' to apply when making a

decision

A code of practice which is designed to prevent unprofessional conduct by

focusing on high-level concepts such as fairness, rather than compliance with

detailed rules refers to what type of approach?

Principles based

Which of the following is true in relation to the FINSIA Code of Conduct?

Respect' is one of the FINSIA's values

Which of the following is correct regarding a corporate code of conduct?

It often contains a commitment associated with citizenship.

In respect to deontology which statement is correct?

People must do the right thing, even if it does not result in a good outcome.

Which of the following is one of the basic rules Kant proposed as being useful to

a well-ordered society?

Deontology - You can not use people as a means to an end

The action to step back and rethink or adjust your intended course of action is

part of which step in the Five Step Approach to Ethical Dilemmas?

Discuss - Talk about your chosen action

When faced with moral dilemma, you should choose the action that maximises

good outcomes?

Consequentialism

What term is applied to a person who holds a legal or ethical relationship of trust

with one or more parties, usually relating to the care of money or other assets?

Fiduciary

Claire has just received an inheritance from one of her aunts and is considering

investing a large lump sum into an investment account. Under the Corporations

Act 2001, she will be defined as a retail client unless she invests in excess of

what minimum sum?

$500,000

Which of the following was first introduced within Basel III?

A global framework for bank liquidity regulation

The Reserve Bank Board ensures that monetary and banking policies contribute

to which of the following?

The stability of the Australian dollar, maintaining full employment and the economic

prosperity and welfare of the people of Australia

Which of the following is correct regarding a bank's lending products?

Customers usually have up to 25 days from the last day of the statement cycle to make

their credit card repayment.

Which of the following is not a common type of insurance excess for motor

vehicle policies?

Maximum claims excess