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CQIB Mock Exam Questions well answered graded A+ passed
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CQIB Mock Exam Questions well answered graded A+ passed
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CQIB Mock Exam QuestionsWhich of the following is accurate regarding fiscal policy? - correct answer ✔✔Government spending
and taxation that influences the economy.
Who runs Superannuation funds? - correct answer ✔✔Trustees
Which form of debt is a popular funding option due to taxation benefits that may be available for
borrowers? - correct answer ✔✔Equipment leasing
Which of the following roles do banks play in society and the economy as a whole? - correct answer
✔✔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? - correct answer
✔✔Prior to 1910, banks could issue their own private bank notes.
How often is the Consumer Price Index calculated? - correct answer ✔✔Quarterly
Which of the following is true regarding banks? - correct answer ✔✔They are highly leveraged
How would you describe government securities and semi-government securities? - correct answer
✔✔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? - correct answer ✔✔It would not be justified at it is wrong to kill.
Which of the following would be considered a benefit of virtue ethics? - correct answer ✔✔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? -
correct answer ✔✔Principles based
Which of the following is true in relation to the FINSIA Code of Conduct? - correct answer ✔✔Respect' is
one of the FINSIA's values
Which of the following is correct regarding a corporate code of conduct? - correct answer ✔✔It often
contains a commitment associated with citizenship.
In respect to deontology which statement is correct? - correct answer ✔✔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?
- correct answer ✔✔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? - correct answer ✔✔Discuss - Talk about your chosen action
When faced with moral dilemma, you should choose the action that maximises good outcomes? -
correct answer ✔✔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? - correct answer ✔✔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? - correct answer ✔✔$500,000
Which of the following was first introduced within Basel III? - correct answer ✔✔A global framework for
bank liquidity regulation
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