{"id":118900,"date":"2023-09-07T04:38:04","date_gmt":"2023-09-07T04:38:04","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=118900"},"modified":"2023-09-07T04:38:06","modified_gmt":"2023-09-07T04:38:06","slug":"cqib-mock-exam-questions-and-answers-2023-with-complete-solution","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/09\/07\/cqib-mock-exam-questions-and-answers-2023-with-complete-solution\/","title":{"rendered":"CQIB Mock Exam Questions and Answers 2023 with complete solution"},"content":{"rendered":"\n<p>Which of the following is accurate regarding fiscal policy? Answer &#8211; Government<br>spending and taxation that influences the economy.<br>Who runs Superannuation funds? Answer &#8211; Trustees<br>Which form of debt is a popular funding option due to taxation benefits that may be<br>available for borrowers? Answer &#8211; Equipment leasing<br>Which of the following roles do banks play in society and the economy as a whole?<br>Answer &#8211; Facilitate the creation of money, act as a financial intermediary and contribute<br>to the economy&#8217;s development<br>Which one of the following is accurate in relation to Australian banking history? Answer<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Prior to 1910, banks could issue their own private bank notes.<br>How often is the Consumer Price Index calculated? Answer &#8211; Quarterly<br>Which of the following is true regarding banks? Answer &#8211; They are highly leveraged<br>How would you describe government securities and semi-government securities?<br>Answer &#8211; High Quality Liquid Assets<br>How would a deontologist view justify killing a person about to commit a terrorist act if it<br>meant saving the lives of many others? Answer &#8211; It would not be justified at it is wrong<br>to kill.<br>Which of the following would be considered a benefit of virtue ethics? Answer &#8211; It<br>provides flexibility because there are no universal &#8216;rules&#8217; to apply when making a<br>decision<br>A code of practice which is designed to prevent unprofessional conduct by focusing on<br>high-level concepts such as fairness, rather than compliance with detailed rules refers<br>to what type of approach? Answer &#8211; Principles based<br>Which of the following is true in relation to the FINSIA Code of Conduct? Answer &#8211;<br>Respect&#8217; is one of the FINSIA&#8217;s values<br>Which of the following is correct regarding a corporate code of conduct? Answer &#8211; It<br>often contains a commitment associated with citizenship.<br><br>In respect to deontology which statement is correct? Answer &#8211; People must do the right<br>thing, even if it does not result in a good outcome.<br>Which of the following is one of the basic rules Kant proposed as being useful to a well\u0002ordered society? Answer &#8211; Deontology &#8211; You can not use people as a means to an end<br>The action to step back and rethink or adjust your intended course of action is part of<br>which step in the Five Step Approach to Ethical Dilemmas? Answer &#8211; Discuss &#8211; Talk<br>about your chosen action<br>When faced with moral dilemma, you should choose the action that maximises good<br>outcomes? Answer &#8211; Consequentialism<br>What term is applied to a person who holds a legal or ethical relationship of trust with<br>one or more parties, usually relating to the care of money or other assets? Answer &#8211;<br>Fiduciary<br>Claire has just received an inheritance from one of her aunts and is considering<br>investing a large lump sum into an investment account. Under the Corporations Act<br>2001, she will be defined as a retail client unless she invests in excess of what minimum<br>sum? Answer &#8211; $500,000<br>Which of the following was first introduced within Basel III? Answer &#8211; A global<br>framework for bank liquidity regulation<br>The Reserve Bank Board ensures that monetary and banking policies contribute to<br>which of the following? Answer &#8211; The stability of the Australian dollar, maintaining full<br>employment and the economic prosperity and welfare of the people of Australia<br>Which of the following is correct regarding a bank&#8217;s lending products? Answer &#8211;<br>Customers usually have up to 25 days from the last day of the statement cycle to make<br>their credit card repayment.<br>Which of the following is not a common type of insurance excess for motor vehicle<br>policies? Answer &#8211; Maximum claims excess<br>What is the maximum amount of money a company can raise via crowd-sourced<br>funding each year? Answer &#8211; $5 million<br>When the underwriter is making a decision regarding an insurance application they are<br>primarily looking to ensure the insurance makes sense. There are generally three key<br>questions the underwriter considers. Answer &#8211; 1. Does the sum insured suit the<br>person&#8217;s needs?<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Does the type of insurance suit the person&#8217;s needs?<\/li>\n\n\n\n<li>Does the premium appear affordable?<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Which of the following is accurate regarding fiscal policy? Answer &#8211; Governmentspending and taxation that influences the economy.Who runs Superannuation funds? Answer &#8211; TrusteesWhich form of debt is a popular funding option due to taxation benefits that may beavailable for borrowers? Answer &#8211; Equipment leasingWhich of the following roles do banks play in society and [&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-118900","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/118900","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=118900"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/118900\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=118900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=118900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=118900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}