CQIB Mock Exam Questions With Correct Answers

CQIB Mock Exam Questions With Correct Answers 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 perso