CQIB Study Cards Exam Questions With Correct
Answers
1. Which regulator makes and enforces rules which govern the capital adequa-cy
| | | | | | | | | | |
| of Australian Banks?: answer- The Australian Prudential Regulation Authority -
| | | || | | | | |
APRA
|
2. What events occurred in the Banking Industry in 1800s and early 1900s?: -
| | | | | | | | | | | |
answer- First Bank in Australia was Bank of NSW, Established in 1817 Sydney.
|| | | | | | | | | | | |
| Discovery of gold in 1851 led to minting of Australia's own gold coins spurring
| | | | | | | | | | | | |
development of Banking.
| | |
Boom in Australian property market in 1800s led to Banking crisis in 1893.
| | | | | | | | | | | |
3. What events occurred in 1910-1920 in the Banking Industry?: answer-
| | | | | | | | | |
Australian pound was issues as the Legal tender in Australia and theAustralian Notes act
| | | | | | | | | | | | | | |
1910assigned responsibility for the issue of Bank notes to the Commonwealth
| | | | | | | | | | | |
Treasury.
|
4. What events occurred in 1911-1913 in the Banking Industry?: answer-
| | | | | | | | | |
Federal government established the Commonwealth Bank, which by 1913 had
| | | | | | | | | |
| branches in 6states. | | |
1 |/ |20
,5. What events occurred in 1920 in the Banking Industry?: Commonwealth
| | | | | | | | |
| performed some central Bank functions, which greatly expanded in World War II.
| | | | | | | | | | |
6. What events occurred in 1930-1931 in the Banking Industry?: 1931 - The
| | | | | | | | | | |
Great Depression, By the end Banking Industry became tightly regulated. Banks
| | | | | | | | | | |
classified as either savings or trading Banks.
| | | | | | |
7. What events occurred in 1990-2000 in the Banking Industry?: 14/01/1960 -
| | | | | | | | | |
Reserve Bank of Australia was created
| | | | | |
1969 - Rolled out ATMs, and early 1970 BSB identifier was introduced.
| | | | | | | | | | |
8. What events occurred in 2000-2017 in the Banking Industry?: Renewed
| | | | | | | | |
| emphasis on corporate governance, values, ethics.Jan 17 -BetterBanking program
| | | | | | | | | | |
launched with initiatives:
| | |
- Independent review of retail Banking remuneration and how we pay staff.
| | | | | | | | | |
- Getting problems fixed | |
- Protecting whistle-blowers |
- Stopping poor conduct, and review of code of Banking practise
| | | | | | | | |
9. What are other Finance service providers?
| | | | |
Authorised Deposit-Taking Institutions (ADI's): Building Societies:
| | | | |
Credit Unions:
| |
10. What is a Building Society?: A mutual institution, which means that most
| | | | | | | | | | |
2 |/ |20
,people who have a savings account, or mortgage are members. Each building
| | | | | | | | | | | |
society and are responsible for setting its strategy.
| | | | | | | |
- Owner by and for the members
| | | | |
- Limit on proportion of their funds that building societies can raise from wholesale
| | | | | | | | | | | |
money market
| |
- Reinvest surplus revenue into the business to provide new products and services.
| | | | | | | | | | |
3 |/ |20
, 11. What is a credit union?: a non-profit-making money cooperative whose mem-
| | | | | | | | | |
bers can borrow from pooled deposits at low interest rates.
| | | | | | | | | |
12. What are non-ADI's financial intermediaries?: - Money Markets Corporations
| | | | | | | |
- Finance Companies |
- Securitisation Vehicles |
13. What are the 4 types of financial markets: 1. Primary Markets
| | | | | | | | | |
2. Secondary Market |
3. Exchange Traded Markets | |
4. Over the counter markets
| | |
14. What is the Interest rate or Debt market.: Trading (Buying and Selling) in-
| | | | | | | | | | | |
cludes shart term securities and long term securities such as government and
| | | | | | | | | | | |
| corporate bonds. |
15. What is the Foreign Exchange Market?: Exchanging one currency foranother.
| | | | | | | | | |
Largest financial market in the World and 24 hours a day.
| | | | | | | | | | |
16. Trading shared in listed companies: What is the equities market?
| | | | | | | | |
17. What is the Commodities Market?: Trading in raw or primary products such as
| | | | | | | | | | | |
wheat, grain, cattle., or electricity.
| | | | |
18. What is the Derivatives Market?: A contract whose value is derived from one or
| | | | | | | | | | | | |
|more underlining assets or instruments; for example, forward rate agreements or
| | | | | | | | | |
4 |/ |20
Answers
1. Which regulator makes and enforces rules which govern the capital adequa-cy
| | | | | | | | | | |
| of Australian Banks?: answer- The Australian Prudential Regulation Authority -
| | | || | | | | |
APRA
|
2. What events occurred in the Banking Industry in 1800s and early 1900s?: -
| | | | | | | | | | | |
answer- First Bank in Australia was Bank of NSW, Established in 1817 Sydney.
|| | | | | | | | | | | |
| Discovery of gold in 1851 led to minting of Australia's own gold coins spurring
| | | | | | | | | | | | |
development of Banking.
| | |
Boom in Australian property market in 1800s led to Banking crisis in 1893.
| | | | | | | | | | | |
3. What events occurred in 1910-1920 in the Banking Industry?: answer-
| | | | | | | | | |
Australian pound was issues as the Legal tender in Australia and theAustralian Notes act
| | | | | | | | | | | | | | |
1910assigned responsibility for the issue of Bank notes to the Commonwealth
| | | | | | | | | | | |
Treasury.
|
4. What events occurred in 1911-1913 in the Banking Industry?: answer-
| | | | | | | | | |
Federal government established the Commonwealth Bank, which by 1913 had
| | | | | | | | | |
| branches in 6states. | | |
1 |/ |20
,5. What events occurred in 1920 in the Banking Industry?: Commonwealth
| | | | | | | | |
| performed some central Bank functions, which greatly expanded in World War II.
| | | | | | | | | | |
6. What events occurred in 1930-1931 in the Banking Industry?: 1931 - The
| | | | | | | | | | |
Great Depression, By the end Banking Industry became tightly regulated. Banks
| | | | | | | | | | |
classified as either savings or trading Banks.
| | | | | | |
7. What events occurred in 1990-2000 in the Banking Industry?: 14/01/1960 -
| | | | | | | | | |
Reserve Bank of Australia was created
| | | | | |
1969 - Rolled out ATMs, and early 1970 BSB identifier was introduced.
| | | | | | | | | | |
8. What events occurred in 2000-2017 in the Banking Industry?: Renewed
| | | | | | | | |
| emphasis on corporate governance, values, ethics.Jan 17 -BetterBanking program
| | | | | | | | | | |
launched with initiatives:
| | |
- Independent review of retail Banking remuneration and how we pay staff.
| | | | | | | | | |
- Getting problems fixed | |
- Protecting whistle-blowers |
- Stopping poor conduct, and review of code of Banking practise
| | | | | | | | |
9. What are other Finance service providers?
| | | | |
Authorised Deposit-Taking Institutions (ADI's): Building Societies:
| | | | |
Credit Unions:
| |
10. What is a Building Society?: A mutual institution, which means that most
| | | | | | | | | | |
2 |/ |20
,people who have a savings account, or mortgage are members. Each building
| | | | | | | | | | | |
society and are responsible for setting its strategy.
| | | | | | | |
- Owner by and for the members
| | | | |
- Limit on proportion of their funds that building societies can raise from wholesale
| | | | | | | | | | | |
money market
| |
- Reinvest surplus revenue into the business to provide new products and services.
| | | | | | | | | | |
3 |/ |20
, 11. What is a credit union?: a non-profit-making money cooperative whose mem-
| | | | | | | | | |
bers can borrow from pooled deposits at low interest rates.
| | | | | | | | | |
12. What are non-ADI's financial intermediaries?: - Money Markets Corporations
| | | | | | | |
- Finance Companies |
- Securitisation Vehicles |
13. What are the 4 types of financial markets: 1. Primary Markets
| | | | | | | | | |
2. Secondary Market |
3. Exchange Traded Markets | |
4. Over the counter markets
| | |
14. What is the Interest rate or Debt market.: Trading (Buying and Selling) in-
| | | | | | | | | | | |
cludes shart term securities and long term securities such as government and
| | | | | | | | | | | |
| corporate bonds. |
15. What is the Foreign Exchange Market?: Exchanging one currency foranother.
| | | | | | | | | |
Largest financial market in the World and 24 hours a day.
| | | | | | | | | | |
16. Trading shared in listed companies: What is the equities market?
| | | | | | | | |
17. What is the Commodities Market?: Trading in raw or primary products such as
| | | | | | | | | | | |
wheat, grain, cattle., or electricity.
| | | | |
18. What is the Derivatives Market?: A contract whose value is derived from one or
| | | | | | | | | | | | |
|more underlining assets or instruments; for example, forward rate agreements or
| | | | | | | | | |
4 |/ |20
