QFA
QFA INVESTMENTS SAMPLE PAPER 2 EXAM
QUESTIONS AND ANSWERS
The financial services market in Ireland enables providers to
collect surplus funds as savings and lend them at a margin to:
A individuals only.
B businesses only.
C individuals and businesses only.
D individuals, businesses and the Government. - correct answer D
1.1 - Functions
Home loan borrowers on a standard variable rate mortgage are
subject to WHICH type of investment risk?
A Currency.
B Liquidity.
,QFA
C Interest rate.
D Inflation. - correct answer C
1.1 - Functions of financial services
Which one of the following is always structured as a financial
co-operative?
A A retail bank.
B A credit union.
C A MIFID investment firm.
D A life assurance company. - correct answer B
1.2 - Key participants
Investment firms are also known as which type of firm?
A Section 10.
B Multi Agency.
C Authorised Advisers.
D MiFID. - correct answer D
,QFA
1.2 - Key participants
Mary has entered a lease arrangement with a financial
institution for a car. Which one of the following is correct?
A The financial institution never owns the car.
B Mary automatically becomes the owner of
the car when she signs the lease.
C The financial institution owns the car during the term of the
lease.
D Mary automatically becomes the owner of the car when she
makes the first payment. - correct answer C
1.3 - Main financial services provided
Which one of the following markets is a regulated market for
MiFID purposes?
A Irish Stock Exchange Global Exchange.
B Irish Stock Exchange Enterprise Securities.
C Irish Stock Exchange Main Securities.
D Irish Stock Exchange Bond Swap. - correct answer C
, QFA
1.5.1 - Markets
The control of the magnitude of the money supply in the
economy is which type of economic policy?
A Fiscal.
B Capital.
C National.
D Monetary. - correct answer D
2.1.1 - Monetary policy
Which measurement of the Irish economy includes the value of
goods and services produced by Irish firms operating in foreign
countries?
A Foreign National Product (FNP).
B Gross Domestic Product (GDP).
C Gross National Product (GNP).
D Net National Growth (NNG) - correct answer C
2.2 - Economic growth
QFA INVESTMENTS SAMPLE PAPER 2 EXAM
QUESTIONS AND ANSWERS
The financial services market in Ireland enables providers to
collect surplus funds as savings and lend them at a margin to:
A individuals only.
B businesses only.
C individuals and businesses only.
D individuals, businesses and the Government. - correct answer D
1.1 - Functions
Home loan borrowers on a standard variable rate mortgage are
subject to WHICH type of investment risk?
A Currency.
B Liquidity.
,QFA
C Interest rate.
D Inflation. - correct answer C
1.1 - Functions of financial services
Which one of the following is always structured as a financial
co-operative?
A A retail bank.
B A credit union.
C A MIFID investment firm.
D A life assurance company. - correct answer B
1.2 - Key participants
Investment firms are also known as which type of firm?
A Section 10.
B Multi Agency.
C Authorised Advisers.
D MiFID. - correct answer D
,QFA
1.2 - Key participants
Mary has entered a lease arrangement with a financial
institution for a car. Which one of the following is correct?
A The financial institution never owns the car.
B Mary automatically becomes the owner of
the car when she signs the lease.
C The financial institution owns the car during the term of the
lease.
D Mary automatically becomes the owner of the car when she
makes the first payment. - correct answer C
1.3 - Main financial services provided
Which one of the following markets is a regulated market for
MiFID purposes?
A Irish Stock Exchange Global Exchange.
B Irish Stock Exchange Enterprise Securities.
C Irish Stock Exchange Main Securities.
D Irish Stock Exchange Bond Swap. - correct answer C
, QFA
1.5.1 - Markets
The control of the magnitude of the money supply in the
economy is which type of economic policy?
A Fiscal.
B Capital.
C National.
D Monetary. - correct answer D
2.1.1 - Monetary policy
Which measurement of the Irish economy includes the value of
goods and services produced by Irish firms operating in foreign
countries?
A Foreign National Product (FNP).
B Gross Domestic Product (GDP).
C Gross National Product (GNP).
D Net National Growth (NNG) - correct answer C
2.2 - Economic growth
