CQIB LATEST 2026 EXAM QUESTIONS AND ANSWERS
RATED A+
✔✔What is General Insurance? - ✔✔Insurance for property, motor vehicles, employers
liability.
✔✔What is Health Insurance? - ✔✔Insurance for health-related issues.
✔✔What is Crowdfunding? - ✔✔Service that acts as an intermediary between issuers
and investors.
✔✔What is Fintech? - ✔✔New digital technology to provide alternative platforms to
deliver financial services.
✔✔What is Bitcoin? - ✔✔Decentralised digital currency enabling instant payments using
peer-to-peer technology.
✔✔What is Blockchain? - ✔✔Distributed ledger using peer-to-peer technology,
providing real-time records that are replicated among participants.
✔✔What is Artificial Intelligence (AI) in Banking? - ✔✔Role of human trader replaced by
electronic exchanges.
✔✔What is Robotics? - ✔✔Used for back-office tasks and is more efficient than human
manual monitoring.
✔✔What is Big Data? - ✔✔Analytics that enable banks to have a more personalised
approach to targeting and engaging with customers.
✔✔What is Microeconomics? - ✔✔Study of decisions people and businesses make
regarding the allocation of resources and prices of goods and services.
✔✔What is Macroeconomics? - ✔✔Focuses on the issues that affect the economy as a
whole. Focuses on key economic indicators like unemployment rates, Gross domestic
product, Inflation and Exports/Imports.
✔✔What is Gross Domestic Product (GDP)? - ✔✔Monetary value of all the finished
goods and services in New Zealand.
✔✔What is Balance of Payments? - ✔✔Record of all economic transactions between
New Zealand and the rest of the world.
,✔✔What is Net International Liability Position? - ✔✔All financial obligations owed by
New Zealanders to other countries after considering what is owed by other countries to
New Zealand.
✔✔What is the Role of Government? - ✔✔Provide legal and policy frameworks, a stable
environment, support to businesses and individuals, fiscal policy and monetary policy.
✔✔What is Fiscal Policy? - ✔✔Government spending and taxation that influences the
economy.
✔✔What is Monetary Policy? - ✔✔Used by the Reserve Bank of New Zealand to
maintain price stability.
✔✔What is the central question of ethics? - ✔✔What should I do?
✔✔What is care-based ethics? - ✔✔Emphasizes relationships between individuals.
✔✔What are values? - ✔✔Beliefs that motivate behavior.
✔✔What is moral absolutism? - ✔✔Universal rules apply to everyone.
✔✔What are moral relativists? - ✔✔Dispute universal rules for all cultures.
✔✔What is virtue-based ethics? - ✔✔Identify best version of self.
✔✔What is metacognition? - ✔✔Thinking about thinking.
✔✔What is consequentialism? - ✔✔Best outcome with least harm.
✔✔What is ethical egoism? - ✔✔Action is best for self.
✔✔What is ethical altruism? - ✔✔Action is best for everyone else.
✔✔What is utilitarianism? - ✔✔Action maximizes human well-being.
✔✔What is deontology? - ✔✔Do your duty regardless of desire.
✔✔What is intuition? - ✔✔Gut feeling that influences decisions.
✔✔What is fast thinking? - ✔✔Autonomous task processing.
✔✔What is slow thinking? - ✔✔Deliberate thought process.
, ✔✔What is expediency? - ✔✔Making easy decision over best decision.
✔✔What is 'Do Nothing'? - ✔✔Denying the need for decision.
✔✔What is framing? - ✔✔Removing noise to see problem.
✔✔What is group conformity? - ✔✔Preferring group's view.
✔✔What is 'Not thinking'? - ✔✔Doing what's done before.
✔✔What is the process for ethical dilemmas? - ✔✔Recognize, Facts, Discuss, Act,
Review.
✔✔What is whistleblowing? - ✔✔Reporting illegal or unethical activities within an
organisation.
✔✔What are algorithms? - ✔✔Procedures or formulas for problem-solving.
✔✔Who is a moral agent? - ✔✔A being who can discern right from wrong.
✔✔What is a profession? - ✔✔A disciplined group adhering to ethical standards.
✔✔What is professionalism? - ✔✔Personally held beliefs about one's conduct.
✔✔What is professionalisation? - ✔✔The process of becoming a profession.
✔✔Who are professionals? - ✔✔Members of a profession governed by codes of ethics.
✔✔What is a code of conduct? - ✔✔Expectations of behaviour for an organisation and
its employees.
✔✔What is a rules-based approach? - ✔✔Prescriptive approach to behaviour.
✔✔What is a principles-based approach? - ✔✔Compliance with broad, high-level
principles.
✔✔What is the Code of Banking Practice? - ✔✔Principles of good banking practice in
NZ.
✔✔What is the Code of Professional Conduct for Financial Advice Services? - ✔✔Code
administered by MBIE under the Financial Markets Conduct Act 2013.
✔✔What is integrity? - ✔✔Adherence to moral and ethical principles.
RATED A+
✔✔What is General Insurance? - ✔✔Insurance for property, motor vehicles, employers
liability.
✔✔What is Health Insurance? - ✔✔Insurance for health-related issues.
✔✔What is Crowdfunding? - ✔✔Service that acts as an intermediary between issuers
and investors.
✔✔What is Fintech? - ✔✔New digital technology to provide alternative platforms to
deliver financial services.
✔✔What is Bitcoin? - ✔✔Decentralised digital currency enabling instant payments using
peer-to-peer technology.
✔✔What is Blockchain? - ✔✔Distributed ledger using peer-to-peer technology,
providing real-time records that are replicated among participants.
✔✔What is Artificial Intelligence (AI) in Banking? - ✔✔Role of human trader replaced by
electronic exchanges.
✔✔What is Robotics? - ✔✔Used for back-office tasks and is more efficient than human
manual monitoring.
✔✔What is Big Data? - ✔✔Analytics that enable banks to have a more personalised
approach to targeting and engaging with customers.
✔✔What is Microeconomics? - ✔✔Study of decisions people and businesses make
regarding the allocation of resources and prices of goods and services.
✔✔What is Macroeconomics? - ✔✔Focuses on the issues that affect the economy as a
whole. Focuses on key economic indicators like unemployment rates, Gross domestic
product, Inflation and Exports/Imports.
✔✔What is Gross Domestic Product (GDP)? - ✔✔Monetary value of all the finished
goods and services in New Zealand.
✔✔What is Balance of Payments? - ✔✔Record of all economic transactions between
New Zealand and the rest of the world.
,✔✔What is Net International Liability Position? - ✔✔All financial obligations owed by
New Zealanders to other countries after considering what is owed by other countries to
New Zealand.
✔✔What is the Role of Government? - ✔✔Provide legal and policy frameworks, a stable
environment, support to businesses and individuals, fiscal policy and monetary policy.
✔✔What is Fiscal Policy? - ✔✔Government spending and taxation that influences the
economy.
✔✔What is Monetary Policy? - ✔✔Used by the Reserve Bank of New Zealand to
maintain price stability.
✔✔What is the central question of ethics? - ✔✔What should I do?
✔✔What is care-based ethics? - ✔✔Emphasizes relationships between individuals.
✔✔What are values? - ✔✔Beliefs that motivate behavior.
✔✔What is moral absolutism? - ✔✔Universal rules apply to everyone.
✔✔What are moral relativists? - ✔✔Dispute universal rules for all cultures.
✔✔What is virtue-based ethics? - ✔✔Identify best version of self.
✔✔What is metacognition? - ✔✔Thinking about thinking.
✔✔What is consequentialism? - ✔✔Best outcome with least harm.
✔✔What is ethical egoism? - ✔✔Action is best for self.
✔✔What is ethical altruism? - ✔✔Action is best for everyone else.
✔✔What is utilitarianism? - ✔✔Action maximizes human well-being.
✔✔What is deontology? - ✔✔Do your duty regardless of desire.
✔✔What is intuition? - ✔✔Gut feeling that influences decisions.
✔✔What is fast thinking? - ✔✔Autonomous task processing.
✔✔What is slow thinking? - ✔✔Deliberate thought process.
, ✔✔What is expediency? - ✔✔Making easy decision over best decision.
✔✔What is 'Do Nothing'? - ✔✔Denying the need for decision.
✔✔What is framing? - ✔✔Removing noise to see problem.
✔✔What is group conformity? - ✔✔Preferring group's view.
✔✔What is 'Not thinking'? - ✔✔Doing what's done before.
✔✔What is the process for ethical dilemmas? - ✔✔Recognize, Facts, Discuss, Act,
Review.
✔✔What is whistleblowing? - ✔✔Reporting illegal or unethical activities within an
organisation.
✔✔What are algorithms? - ✔✔Procedures or formulas for problem-solving.
✔✔Who is a moral agent? - ✔✔A being who can discern right from wrong.
✔✔What is a profession? - ✔✔A disciplined group adhering to ethical standards.
✔✔What is professionalism? - ✔✔Personally held beliefs about one's conduct.
✔✔What is professionalisation? - ✔✔The process of becoming a profession.
✔✔Who are professionals? - ✔✔Members of a profession governed by codes of ethics.
✔✔What is a code of conduct? - ✔✔Expectations of behaviour for an organisation and
its employees.
✔✔What is a rules-based approach? - ✔✔Prescriptive approach to behaviour.
✔✔What is a principles-based approach? - ✔✔Compliance with broad, high-level
principles.
✔✔What is the Code of Banking Practice? - ✔✔Principles of good banking practice in
NZ.
✔✔What is the Code of Professional Conduct for Financial Advice Services? - ✔✔Code
administered by MBIE under the Financial Markets Conduct Act 2013.
✔✔What is integrity? - ✔✔Adherence to moral and ethical principles.
