1|Page
CQiB | Professional Banking Fundamentals - topic 2
||Verified Exam!|| Most Recent Exam Actual Complete
Real Exam Questions And Correct Answers (Verified
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Which of the following roles do banks play in society and
the economy as a whole? - 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? - Answer-Prior to 1910, banks
could issue their own private bank notes.
How often is the Consumer Price Index calculated? -
Answer-Quarterly
Which of the following is true regarding banks? - Answer-
They are highly leveraged
How would you describe government securities and semi-
government securities? - Answer-High Quality Liquid
Assets
,2|Page
How would a deontologist view justify killing a person
about to commit a terrorist act if it meant saving the lives
of many others? - Answer-It would not be justified at it is
wrong to kill.
Which of the following would be considered a benefit of
virtue ethics? - 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? - Answer-Principles
based
Which of the following is true in relation to the FINSIA
Code of Conduct? - Answer-Respect' is one of the
FINSIA's values
Which of the following is correct regarding a corporate
code of conduct? - Answer-It often contains a commitment
associated with citizenship.
,3|Page
Which of the following is accurate regarding fiscal policy? -
Answer-Government spending and taxation that influences
the economy.
Who runs Superannuation funds? - Answer-Trustees
Which form of debt is a popular funding option due to
taxation benefits that may be available for borrowers? -
Answer-Equipment leasing
In respect to deontology which statement is 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? -
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? - Answer-Discuss -
Talk about your chosen action
, 4|Page
When faced with moral dilemma, you should choose the
action that maximises good outcomes? - 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? -
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? - Answer-$500,000
Which of the following was first introduced within Basel III?
- Answer-A global framework for bank liquidity regulation
The Reserve Bank Board ensures that monetary and
banking policies contribute to which of the following? -
Answer-The stability of the Australian dollar, maintaining
full employment and the economic prosperity and welfare
of the people of Australia
CQiB | Professional Banking Fundamentals - topic 2
||Verified Exam!|| Most Recent Exam Actual Complete
Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ ||Newest Exam!!!
Which of the following roles do banks play in society and
the economy as a whole? - 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? - Answer-Prior to 1910, banks
could issue their own private bank notes.
How often is the Consumer Price Index calculated? -
Answer-Quarterly
Which of the following is true regarding banks? - Answer-
They are highly leveraged
How would you describe government securities and semi-
government securities? - Answer-High Quality Liquid
Assets
,2|Page
How would a deontologist view justify killing a person
about to commit a terrorist act if it meant saving the lives
of many others? - Answer-It would not be justified at it is
wrong to kill.
Which of the following would be considered a benefit of
virtue ethics? - 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? - Answer-Principles
based
Which of the following is true in relation to the FINSIA
Code of Conduct? - Answer-Respect' is one of the
FINSIA's values
Which of the following is correct regarding a corporate
code of conduct? - Answer-It often contains a commitment
associated with citizenship.
,3|Page
Which of the following is accurate regarding fiscal policy? -
Answer-Government spending and taxation that influences
the economy.
Who runs Superannuation funds? - Answer-Trustees
Which form of debt is a popular funding option due to
taxation benefits that may be available for borrowers? -
Answer-Equipment leasing
In respect to deontology which statement is 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? -
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? - Answer-Discuss -
Talk about your chosen action
, 4|Page
When faced with moral dilemma, you should choose the
action that maximises good outcomes? - 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? -
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? - Answer-$500,000
Which of the following was first introduced within Basel III?
- Answer-A global framework for bank liquidity regulation
The Reserve Bank Board ensures that monetary and
banking policies contribute to which of the following? -
Answer-The stability of the Australian dollar, maintaining
full employment and the economic prosperity and welfare
of the people of Australia
