CQIB Test Bank Final Questions & Answers || Most
Recent Exam Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already
Graded A+ | Guaranteed Success!! Newest Exam | Just
Released 2026-2027
Elliot works in the lending team at NAB. A client has come into the bank and is
threatening to take Elliot to court if he doesn't approve his home loan before
the end of the client's settlement period. What is the chief threat to Elliot
acting professionally in this matter?
ANSWERS: Intimidation
Stacey owns a hairdressing salon. Over the weekend, the store next door had a
chemical leak and Stacey and her team had to vacate the premises for a week
and couldn't work. Luckily, Stacey had insurance to cover her. What type of
policy did she rely on in this scenario?
ANSWERS: Business interruption
Which of the document is not a Responsible Lending Disclosure Document?
ANSWERS: Product Disclosure Document
, Which of the following describes the risk associated with the vulnerability of a
line of business to changes in the business environment?
ANSWERS: Business risk
What is the role of the Reserve Bank of Australia (RBA)?
ANSWERS:
1. Overall stability of the financial system and regulation of the payments system
2. Monetary policy
What are the 4 types of Financial Markets?
ANSWERS: Primary market, secondary markets, exchange traded markets and
over the counter markets
Luke works at the ABC Bank Call Centre. A customer asks about a new credit
card, and Luke informs a customer about the interest rate charged, the annual
fee and the rewards program. Luke is providing which of the following?
ANSWERS: Factual information
Banks & other NBFI's participate in the Financial markets as ______________
ANSWERS: Price Makers
In which situations can a bank refuse to honour cheques?
ANSWERS:
1. A garnishee order is received
2. The drawer of the cheque declares bankruptcy
,Downtown bank collapses and files for bankruptcy. It is one of the major banks in
its
country, and its collapse has serious negative impacts on the overall economy.
This is an example of which type of risk?
ANSWERS: Macro-prudential risk
What are the four C's of Credit?
ANSWERS: Character, Capacity, Collateral, Capital
The risk that problems arise in other internal business channels which could
compromise the financial and operational position of the ADI is referred to as
what type of Risk?
ANSWERS: Contagion Risk
"Typically operated with a plastic card, mobile app or in a few cases by
passbook" and "level of interest rate varies depending on both the balance
of the account and the terms of the account" best describe which account
type?
ANSWERS: Savings
Basel II 2007 included:
ANSWERS: Improvements to market discipline by requiring firms to publish
certain details of risks, capital and risk management
How many days prior to the policy renewal date must an insurer tell the policy
holder whether it is prepared to renew the contract?
ANSWERS: 14
, ____________ are the foundation of the Carroll's Social Responsibility Pyramid
ANSWERS: Economic Responsibilities
Is the bank the Mortgagee or Mortgagor
ANSWERS: Mortgagee
What is underwriting?
ANSWERS: the process by which an insurer determines whether or not, and
what basis, to accept a particular risk
Sarah has a $100,000 loan and chooses a fluctuating interest rate and the
capacity to make additional repayments over the life of the loan. What type of
interest rate is Sara applying to the loan?
ANSWERS: Variable
What does ABA stand for and what is it used for?
ANSWERS: Australian Bankers' Association provides analysis, advice and
advocacy for the banking industry and contributes to the development of
public policy on banking and other
financial services.
What does ACCC stand for and what does it do?
ANSWERS: The Australian Competition and Consumer Commission (ACCC) is
an independent authority of the Australian government. Its mandate is to
protect consumer rights, business rights and obligations, perform industry
regulation and price monitoring and prevent illegal anti-competitive
behaviour.
Recent Exam Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already
Graded A+ | Guaranteed Success!! Newest Exam | Just
Released 2026-2027
Elliot works in the lending team at NAB. A client has come into the bank and is
threatening to take Elliot to court if he doesn't approve his home loan before
the end of the client's settlement period. What is the chief threat to Elliot
acting professionally in this matter?
ANSWERS: Intimidation
Stacey owns a hairdressing salon. Over the weekend, the store next door had a
chemical leak and Stacey and her team had to vacate the premises for a week
and couldn't work. Luckily, Stacey had insurance to cover her. What type of
policy did she rely on in this scenario?
ANSWERS: Business interruption
Which of the document is not a Responsible Lending Disclosure Document?
ANSWERS: Product Disclosure Document
, Which of the following describes the risk associated with the vulnerability of a
line of business to changes in the business environment?
ANSWERS: Business risk
What is the role of the Reserve Bank of Australia (RBA)?
ANSWERS:
1. Overall stability of the financial system and regulation of the payments system
2. Monetary policy
What are the 4 types of Financial Markets?
ANSWERS: Primary market, secondary markets, exchange traded markets and
over the counter markets
Luke works at the ABC Bank Call Centre. A customer asks about a new credit
card, and Luke informs a customer about the interest rate charged, the annual
fee and the rewards program. Luke is providing which of the following?
ANSWERS: Factual information
Banks & other NBFI's participate in the Financial markets as ______________
ANSWERS: Price Makers
In which situations can a bank refuse to honour cheques?
ANSWERS:
1. A garnishee order is received
2. The drawer of the cheque declares bankruptcy
,Downtown bank collapses and files for bankruptcy. It is one of the major banks in
its
country, and its collapse has serious negative impacts on the overall economy.
This is an example of which type of risk?
ANSWERS: Macro-prudential risk
What are the four C's of Credit?
ANSWERS: Character, Capacity, Collateral, Capital
The risk that problems arise in other internal business channels which could
compromise the financial and operational position of the ADI is referred to as
what type of Risk?
ANSWERS: Contagion Risk
"Typically operated with a plastic card, mobile app or in a few cases by
passbook" and "level of interest rate varies depending on both the balance
of the account and the terms of the account" best describe which account
type?
ANSWERS: Savings
Basel II 2007 included:
ANSWERS: Improvements to market discipline by requiring firms to publish
certain details of risks, capital and risk management
How many days prior to the policy renewal date must an insurer tell the policy
holder whether it is prepared to renew the contract?
ANSWERS: 14
, ____________ are the foundation of the Carroll's Social Responsibility Pyramid
ANSWERS: Economic Responsibilities
Is the bank the Mortgagee or Mortgagor
ANSWERS: Mortgagee
What is underwriting?
ANSWERS: the process by which an insurer determines whether or not, and
what basis, to accept a particular risk
Sarah has a $100,000 loan and chooses a fluctuating interest rate and the
capacity to make additional repayments over the life of the loan. What type of
interest rate is Sara applying to the loan?
ANSWERS: Variable
What does ABA stand for and what is it used for?
ANSWERS: Australian Bankers' Association provides analysis, advice and
advocacy for the banking industry and contributes to the development of
public policy on banking and other
financial services.
What does ACCC stand for and what does it do?
ANSWERS: The Australian Competition and Consumer Commission (ACCC) is
an independent authority of the Australian government. Its mandate is to
protect consumer rights, business rights and obligations, perform industry
regulation and price monitoring and prevent illegal anti-competitive
behaviour.
