OCC UCE Practice Exam Questions & Answers 2024/2025

OCC UCE Practice Exam Questions & Answers 2024/2025 C) Risk assessment- Internal controls handbook page 5 - ANSWERSWhich 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) C) I, III, and IV only- Call report instructions - ANSWERSWhich 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 A) I and II only B) II and III only C) I, III, and IV only D) I, II, III, and IV False-12 CFR 163.33(a)(1)(I) and "National Banks- Federal Savings Associations Quick Reference Guide" - ANSWERSTrue or False: Like national banks, the president of a Federal Savings Association is required to be a member of the board of directors.