CQIB COMPREHENSIVE EXAM 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ 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.
◉ What events occurred in 1910-1920 in the Banking Industry? Answer:
Australian pound was issues as the Legal tender in Australia and the
Australian Notes act 1910 assigned responsibility for the issue of Bank
notes to the Commonwealth Treasury.
◉ What events occurred in 1911-1913 in the Banking Industry? Answer:
Federal government established the Commonwealth Bank, which by
1913 had branches in 6 states.
◉ What events occurred in 1920 in the Banking Industry? Answer:
Commonwealth performed some central Bank functions, which greatly
expanded in World War II.
,◉ What events occurred in 1930-1931 in the Banking Industry? Answer:
1931 - The Great Depression, By the end Banking Industry became
tightly regulated. Banks classified as either savings or trading Banks.
◉ What events occurred in 1990-2000 in the Banking Industry? Answer:
14/01/1960 - Reserve Bank of Australia was created
1969 - Rolled out ATMs, and early 1970 BSB identifier was introduced.
◉ What events occurred in 2000-2017 in the Banking Industry? Answer:
Renewed emphasis on corporate governance, values, ethics. Jan 17 -
Better Banking 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
◉ What are other Finance service providers?
Authorised Deposit-Taking Institutions (ADI's) Answer: Building
Societies:
Credit Unions:
,◉ What is a Building Society? Answer: A mutual institution, which
means that most 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.
◉ What is a credit union? Answer: a non-profit-making money
cooperative whose members can borrow from pooled deposits at low
interest rates.
◉ What are non-ADI's financial intermediaries? Answer: - Money
Markets Corporations
- Finance Companies
- Securitisation Vehicles
◉ What are the 4 types of financial markets Answer: 1. Primary Markets
2. Secondary Market
3. Exchange Traded Markets
4. Over the counter markets
, ◉ What is the Interest rate or Debt market. Answer: Trading (Buying
and Selling) includes shart term securities and long term securities such
as government and corporate bonds.
◉ What is the Foreign Exchange Market? Answer: Exchanging one
currency for another. Largest financial market in the World and 24 hours
a day.
◉ Trading shared in listed companies Answer: What is the equities
market?
◉ What is the Commodities Market? Answer: Trading in raw or primary
products such as wheat, grain, cattle., or electricity.
◉ What is the Derivatives Market? Answer: A contract whose value is
derived from one or more underlining assets or instruments; for
example, forward rate agreements or underlying exchange rates.
◉ What is microeconomics? Answer: the study of how households and
firms make decisions and how they interact in markets. Supply and
demand that impact the price levels in the economy. Taxes and
Regulation created by governments.
◉ What is macroeconomics? Answer: The study of the economy as a
whole
QUESTIONS WITH SOLUTIONS GRADED A+
◉ 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.
◉ What events occurred in 1910-1920 in the Banking Industry? Answer:
Australian pound was issues as the Legal tender in Australia and the
Australian Notes act 1910 assigned responsibility for the issue of Bank
notes to the Commonwealth Treasury.
◉ What events occurred in 1911-1913 in the Banking Industry? Answer:
Federal government established the Commonwealth Bank, which by
1913 had branches in 6 states.
◉ What events occurred in 1920 in the Banking Industry? Answer:
Commonwealth performed some central Bank functions, which greatly
expanded in World War II.
,◉ What events occurred in 1930-1931 in the Banking Industry? Answer:
1931 - The Great Depression, By the end Banking Industry became
tightly regulated. Banks classified as either savings or trading Banks.
◉ What events occurred in 1990-2000 in the Banking Industry? Answer:
14/01/1960 - Reserve Bank of Australia was created
1969 - Rolled out ATMs, and early 1970 BSB identifier was introduced.
◉ What events occurred in 2000-2017 in the Banking Industry? Answer:
Renewed emphasis on corporate governance, values, ethics. Jan 17 -
Better Banking 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
◉ What are other Finance service providers?
Authorised Deposit-Taking Institutions (ADI's) Answer: Building
Societies:
Credit Unions:
,◉ What is a Building Society? Answer: A mutual institution, which
means that most 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.
◉ What is a credit union? Answer: a non-profit-making money
cooperative whose members can borrow from pooled deposits at low
interest rates.
◉ What are non-ADI's financial intermediaries? Answer: - Money
Markets Corporations
- Finance Companies
- Securitisation Vehicles
◉ What are the 4 types of financial markets Answer: 1. Primary Markets
2. Secondary Market
3. Exchange Traded Markets
4. Over the counter markets
, ◉ What is the Interest rate or Debt market. Answer: Trading (Buying
and Selling) includes shart term securities and long term securities such
as government and corporate bonds.
◉ What is the Foreign Exchange Market? Answer: Exchanging one
currency for another. Largest financial market in the World and 24 hours
a day.
◉ Trading shared in listed companies Answer: What is the equities
market?
◉ What is the Commodities Market? Answer: Trading in raw or primary
products such as wheat, grain, cattle., or electricity.
◉ What is the Derivatives Market? Answer: A contract whose value is
derived from one or more underlining assets or instruments; for
example, forward rate agreements or underlying exchange rates.
◉ What is microeconomics? Answer: the study of how households and
firms make decisions and how they interact in markets. Supply and
demand that impact the price levels in the economy. Taxes and
Regulation created by governments.
◉ What is macroeconomics? Answer: The study of the economy as a
whole
