QFA Loans - Sample Paper 2 Exam Questions And Answers Package Deal

A lender generally charges a lower interest rate on a housing loan because: A the loan is secured against the property. B they are required to do so by the Consumer Credit Act, 1995. C the loan is unsecured. D they are required to do so by the Consumer Protection Code. - ANS A 1.2 - ...

The primary objective of structural regulation of financial services firms is to: A minimise risks to the financial system. B ensure financial services providers remain solvent at all times. C ensure only those with sufficient financial standing and integrity can become financial services fi...

What are the two objectives of Central Bank's regulation - ANS A stable financial system and consumer protection The Authorisation of financial services firms falls under which type of regulation - ANS Structural Regulation A foreign bank providing financial services in Irel...

A need to provide for the financial impact of certain unpredictable events, which may cause an interruption in a client's earned income, is which type of personal financial need? A Savings B Investment C Protection D Loan - ANS C 1.1 - Main types of personal financial needs T...

The acronym ARF stands for which of the following? A Approved Retirement Fund B Annual Retirement Fund C Automatic Retirement Fund D Age Related Function - ANS A (i) - Glossary - Prologue The earnings limit for pension contributions is currently: A €115,000 B €150,000 C...

A lifetime loan is where: A a property is jointly owned by the lender and borrower. B the loan is repaid from the sale proceeds of the property. C the borrower pays a notional rent for use of the property during their lifetime. D a property is sold to the financial institution at a discounted v...

Key numerical Measures in Assessing Share Value - ANS Gross Dividend Yield Dividend Cover Earnings Per Share The P/E Ratio Net Asset Value Market Capitalisation EBITDA Dividends Company - ANS Dividends from Irish resident companies are assessed to income tax under Schedule F...

Maturity transformation in relation to financial services is: A. a method of diversifying investment risk. B. turning short term deposits and savings into longer term loans. C. a form of regulatory intervention. D. a facility to allow the easy payment of bills - ANS B turning shor...