CQIB Mock Exam Complete Questions with 100% Correct Verified Answers
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Course
CQIB
Institution
CQIB
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...
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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
What is the maximum amount of money a company can raise via crowd-sourced funding each year?
$5 million
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