OCC UCE Practice Questions and Correct Detailed
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Q: Which of the following is not a factor of management's internal control
environment?
a) the organizational structure of the institution
b) management's philosophy and operating style
c) risk assessment
d) external influences that affect the bank's operations and risk management
practices (e.g. independent audits)
Ans: C) Risk assessment- Internal controls handbook page 5
Quiz: Which of the following should be included as components of the bank's
non-interest income?
I. Feeds on fiduciary activities
II. Service fees on commercial loans
III. Trading fees and commissions
IV. Deposit service charges
o
o
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, A) I and II only
B) II and III only
C) I, III, and IV only
D) I, II, III, and IV
Ans: C) I, III, and IV only- Call report instructions
Quiz: True or False:
Like national banks, the president of a Federal Savings Association is required
to be a member of the board of directors.
Ans: False-12 CFR 163.33(a)(1)(I) and "National Banks- Federal Savings
Associations Quick Reference Guide"
Quiz: Which of the following is a Prohibited Basis under the Fair Housing Act?
I. Familial status
II. Receipt of Public Assistance
III. Handicap
o
o
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, IV. Color
A) I and II only
B) II and III only
C) I, III, and IV only
D) I, II, III, and IV only
Ans: C.) I, III, and IV only- Fair Housing Act, Section 805
Quiz: Which of the following bulletins summarizes OCC expectations for
banks regarding capital adequacy and provides guidance on capital planning?
a) OCC Bulletin 2011-21
b) OCC Bulletin 2012-16
c) OCC Bulletin 2012-18
d) None of the above
Ans: d) none of the above. 2012-16 was rescinded in 2018. Capital adequacy
requirements and guidance on capital planning is now included in the capital
and dividends handbook.
o
o
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, Quiz: Upon foreclosures or physical possession, whichever is earlier, OREO
should be recorded at
a) the fair value of the property, capitalizing any estimated cost to sell
b) the fair value of the property
c) the outstanding loan amount upon foreclosure
d) the fair value of the property, less the estimated cost to sell
Ans: d- the fair value of the property, less the estimated cost to sell- OREO
Handbook Page 6
Quiz: Which of the following is considered an insider for the purposes of
Regulation O (12 CFR 215)
I. A shareholder owning 8 percent of the bank's voting securities
II. A shareholder owning 21 percent of the bank's voting securities
III. An EVP that does not have authority to participate in major policy making
function
IV. Any employee of the bank
o
o
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Answers (Verified Answers) ||Already Graded
A+||Newest Version
Q: Which of the following is not a factor of management's internal control
environment?
a) the organizational structure of the institution
b) management's philosophy and operating style
c) risk assessment
d) external influences that affect the bank's operations and risk management
practices (e.g. independent audits)
Ans: C) Risk assessment- Internal controls handbook page 5
Quiz: Which of the following should be included as components of the bank's
non-interest income?
I. Feeds on fiduciary activities
II. Service fees on commercial loans
III. Trading fees and commissions
IV. Deposit service charges
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
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[+254707240657]
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me in the number given.
, A) I and II only
B) II and III only
C) I, III, and IV only
D) I, II, III, and IV
Ans: C) I, III, and IV only- Call report instructions
Quiz: True or False:
Like national banks, the president of a Federal Savings Association is required
to be a member of the board of directors.
Ans: False-12 CFR 163.33(a)(1)(I) and "National Banks- Federal Savings
Associations Quick Reference Guide"
Quiz: Which of the following is a Prohibited Basis under the Fair Housing Act?
I. Familial status
II. Receipt of Public Assistance
III. Handicap
o
o
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me in the number given.
, IV. Color
A) I and II only
B) II and III only
C) I, III, and IV only
D) I, II, III, and IV only
Ans: C.) I, III, and IV only- Fair Housing Act, Section 805
Quiz: Which of the following bulletins summarizes OCC expectations for
banks regarding capital adequacy and provides guidance on capital planning?
a) OCC Bulletin 2011-21
b) OCC Bulletin 2012-16
c) OCC Bulletin 2012-18
d) None of the above
Ans: d) none of the above. 2012-16 was rescinded in 2018. Capital adequacy
requirements and guidance on capital planning is now included in the capital
and dividends handbook.
o
o
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o Your Success is Our Mission!
[+254707240657]
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me in the number given.
, Quiz: Upon foreclosures or physical possession, whichever is earlier, OREO
should be recorded at
a) the fair value of the property, capitalizing any estimated cost to sell
b) the fair value of the property
c) the outstanding loan amount upon foreclosure
d) the fair value of the property, less the estimated cost to sell
Ans: d- the fair value of the property, less the estimated cost to sell- OREO
Handbook Page 6
Quiz: Which of the following is considered an insider for the purposes of
Regulation O (12 CFR 215)
I. A shareholder owning 8 percent of the bank's voting securities
II. A shareholder owning 21 percent of the bank's voting securities
III. An EVP that does not have authority to participate in major policy making
function
IV. Any employee of the bank
o
o
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WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
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[+254707240657]
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me in the number given.
