{"id":118898,"date":"2023-09-07T04:34:47","date_gmt":"2023-09-07T04:34:47","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=118898"},"modified":"2023-09-07T04:34:49","modified_gmt":"2023-09-07T04:34:49","slug":"cqib-test-bank-2023-questions-and-answers-with-complete-solution","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/09\/07\/cqib-test-bank-2023-questions-and-answers-with-complete-solution\/","title":{"rendered":"CQIB Test Bank 2023 Questions and Answers with complete solution"},"content":{"rendered":"\n<p>Which regulator makes and enforces rules which govern the capital adequacy of<br>Australian Banks? Ans- The Australian Prudential Regulation Authority &#8211; APRA<br>What events occurred in the Banking Industry in 1800s and early 1900s? Ans- First<br>Bank in Australia was Bank of NSW, Established in 1817 Sydney.<br>Discovery of gold in 1851 led to minting of Australia&#8217;s own gold coins spurring<br>development of Banking.<br>Boom in Australian property market in 1800s led to Banking crisis in 1893.<br>What events occurred in 1910-1920 in the Banking Industry? Ans- Australian pound<br>was issues as the Legal tender in Australia and the Australian Notes act 1910 assigned<br>responsibility for the issue of Bank notes to the Commonwealth Treasury.<br>What events occurred in 1911-1913 in the Banking Industry? Ans- Federal government<br>established the Commonwealth Bank, which by 1913 had branches in 6 states.<br>What events occurred in 1920 in the Banking Industry? Ans- Commonwealth performed<br>some central Bank functions, which greatly expanded in World War II.<br>What events occurred in 1930-1931 in the Banking Industry? Ans- 1931 &#8211; The Great<br>Depression, By the end Banking Industry became tightly regulated. Banks classified as<br>either savings or trading Banks.<br>What events occurred in 1990-2000 in the Banking Industry? Ans- 14\/01\/1960 &#8211;<br>Reserve Bank of Australia was created<br>1969 &#8211; Rolled out ATMs, and early 1970 BSB identifier was introduced.<br>What events occurred in 2000-2017 in the Banking Industry? Ans- Renewed emphasis<br>on corporate governance, values, ethics. Jan 17 &#8211; Better Banking program launched<br>with initiatives:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Independent review of retail Banking remuneration and how we pay staff.<\/li>\n\n\n\n<li>Getting problems fixed<\/li>\n\n\n\n<li>Protecting whistle-blowers<\/li>\n\n\n\n<li>Stopping poor conduct, and review of code of Banking practise<br>What are other Finance service providers?<br>Authorised Deposit-Taking Institutions (ADI&#8217;s) Ans- Building Societies:<br>Credit Unions:<br><br>What is a Building Society? Ans- A mutual institution, which means that most people<br>who have a savings account, or mortgage are members. Each building society and are<br>responsible for setting its strategy.<\/li>\n\n\n\n<li>Owner by and for the members<\/li>\n\n\n\n<li>Limit on proportion of their funds that building societies can raise from wholesale<br>money market<\/li>\n\n\n\n<li>Reinvest surplus revenue into the business to provide new products and services.<br>What is a credit union? Ans- a non-profit-making money cooperative whose members<br>can borrow from pooled deposits at low interest rates.<br>What are non-ADI&#8217;s financial intermediaries? Ans- &#8211; Money Markets Corporations<\/li>\n\n\n\n<li>Finance Companies<\/li>\n\n\n\n<li>Securitisation Vehicles<br>What are the 4 types of financial markets Ans- 1. Primary Markets<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Secondary Market<\/li>\n\n\n\n<li>Exchange Traded Markets<\/li>\n\n\n\n<li>Over the counter markets<br>What is the Interest rate or Debt market. Ans- Trading (Buying and Selling) includes<br>shart term securities and long term securities such as government and corporate bonds.<br>What is the Foreign Exchange Market? Ans- Exchanging one currency for another.<br>Largest financial market in the World and 24 hours a day.<br>Trading shared in listed companies Ans- What is the equities market?<br>What is the Commodities Market? Ans- Trading in raw or primary products such as<br>wheat, grain, cattle., or electricity.<br>What is the Derivatives Market? Ans- A contract whose value is derived from one or<br>more underlining assets or instruments; for example, forward rate agreements or<br>underlying exchange rates.<br>What is microeconomics? Ans- the study of how households and firms make decisions<br>and how they interact in markets. Supply and demand that impact the price levels in the<br>economy. Taxes and Regulation created by governments.<br>What is macroeconomics? Ans- The study of the economy as a whole<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Unemployment rates<\/li>\n\n\n\n<li>Gross Domestic Product &#8211; GDP<\/li>\n\n\n\n<li>Inflation<\/li>\n\n\n\n<li>Export and Imports<br><br>What are the Australian Economy Facts and Figures Ans- 14th Largest economy<br>measured by GDP 1.99 Trillon &#8211; 2019<\/li>\n\n\n\n<li>Australian Labour force 12.3 millions June 2020<\/li>\n\n\n\n<li>Low levels of inflation 2% July 2020<\/li>\n\n\n\n<li>Unemployment rate 7%<br>What is Fiscal Policy? Ans- Government spending and taxation that influences the<br>economy.<br>What is the Monetary Policy Ans- RBA is responsible for Australians monetary policy &#8211;<br>aims to protect price stability full employment and economic prosperity.<br>What events occurred in 1980&#8217;s in the Banking Industry? Ans- Government adopted the<br>four pillars policy. Announced it would reject any mergers between the Big 4 Banks.<\/li>\n\n\n\n<li>NAB<\/li>\n\n\n\n<li>CBA<\/li>\n\n\n\n<li>Westpac<\/li>\n\n\n\n<li>ANZ<br>What is the role of the Bank? Ans- 1. Act as a financial intermediary between savers &amp;<br>borrowers.<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Contributes to the development of the economy<br>What is financial intermediation? Ans- The process of pooling funds from savers and<br>using these funds to provide loans to borrowers. The Bank acts as a go between, or<br>intermediary for those who have extra money and those who want to borrow.<br>What are the 4 types of investment Banking? Ans- 1. Debt Capital Markets<\/li>\n\n\n\n<li>Equity Capital Markets<\/li>\n\n\n\n<li>Private Placements<\/li>\n\n\n\n<li>Mergers and Acquisitions<br>What is Debt Capital Markets? Ans- Where a large company may want to build a<br>factory and is looking to issue bond financing to finance its expansion, or if a<br>government wants to finance the building of an airport, highway, or other large<br>municipal project, it may issue bonds to raise capital.<br>What is Equity Capital Markets? Ans- Where a company needs more money to grow<br>and decides to raise the funds by undertaking an initial public offering (IPO) whereby it<br>sells its shares to the public and a wider pool of investors for the first time.<br>What is Private Placements? Ans- Where customers place an offering of bonds with an<br>institutional investor such as an insurance company or a retirement fund. Often this can<br>be a fast-track option due to lower regulatory requirements<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Which regulator makes and enforces rules which govern the capital adequacy ofAustralian Banks? Ans- The Australian Prudential Regulation Authority &#8211; APRAWhat events occurred in the Banking Industry in 1800s and early 1900s? Ans- FirstBank in Australia was Bank of NSW, Established in 1817 Sydney.Discovery of gold in 1851 led to minting of Australia&#8217;s own gold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-118898","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/118898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=118898"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/118898\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=118898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=118898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=118898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}