CQIB exam 2024 with 100% correct answers
Which regulator makes and enforces rules which govern the capital adequacy of Australian Banks? - correct answer ✔✔The Australian Prudential Regulation Authority - APRA
What events occurred in the Banking Industry in 1800s and early 1900s? - correct 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? - correct 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? - correct answer ✔✔Federal government established the Commonwealth Bank, which by 1913 had branches in 6 states.
What events occurred in 1920 in the Banking Industry? - correct answer ✔✔Commonwealth performed some central Bank functions, which greatly expanded in World War II.
What events occurred in 1930-1931 in the Banking Industry? - correct 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? - correct 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? - correct 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) - correct answer ✔✔Building Societies: Credit Unions:
What is a Building Society? - correct 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? - correct 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? - correct answer ✔✔- Money Markets Corporations - Finance Companies - Securitisation Vehicles
What are the 4 types of financial markets - correct answer ✔✔1. Primary Markets
2. Secondary Market 3. Exchange Traded Markets 4. Over the counter markets
What is the Interest rate or Debt market. - correct 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? - correct answer ✔✔Exchanging one currency for another. Largest financial market in the World and 24 hours a day.
Trading shared in listed companies - correct answer ✔✔What is the equities market?
What is the Commodities Market? - correct answer ✔✔Trading in raw or primary products such as wheat, grain, cattle., or electricity.
What is the Derivatives Market? - correct 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? - correct 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? - correct answer ✔✔The study of the economy as a whole
- Unemployment rates
- Gross Domestic Product - GDP
- Inflation - Export and Imports
What are the Australian Economy Facts and Figures - correct answer ✔✔14th Largest economy measured by GDP 1.99 Trillon - 2019 - Australian Labour force 12.3 millions June 2020
- Low levels of inflation 2% July 2020 - Unemployment rate 7%
What is Fiscal Policy? - correct answer ✔✔Government spending and taxation that influences the economy.
Which regulator makes and enforces rules which govern the capital adequacy of Australian Banks? - correct answer ✔✔The Australian Prudential Regulation Authority - APRA
What events occurred in the Banking Industry in 1800s and early 1900s? - correct 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? - correct 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? - correct answer ✔✔Federal government established the Commonwealth Bank, which by 1913 had branches in 6 states.
What events occurred in 1920 in the Banking Industry? - correct answer ✔✔Commonwealth performed some central Bank functions, which greatly expanded in World War II.
What events occurred in 1930-1931 in the Banking Industry? - correct 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? - correct 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? - correct 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) - correct answer ✔✔Building Societies: Credit Unions:
What is a Building Society? - correct 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? - correct 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? - correct answer ✔✔- Money Markets Corporations - Finance Companies - Securitisation Vehicles
What are the 4 types of financial markets - correct answer ✔✔1. Primary Markets
2. Secondary Market 3. Exchange Traded Markets 4. Over the counter markets
What is the Interest rate or Debt market. - correct 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? - correct answer ✔✔Exchanging one currency for another. Largest financial market in the World and 24 hours a day.
Trading shared in listed companies - correct answer ✔✔What is the equities market?
What is the Commodities Market? - correct answer ✔✔Trading in raw or primary products such as wheat, grain, cattle., or electricity.
What is the Derivatives Market? - correct 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? - correct 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? - correct answer ✔✔The study of the economy as a whole
- Unemployment rates
- Gross Domestic Product - GDP
- Inflation - Export and Imports
What are the Australian Economy Facts and Figures - correct answer ✔✔14th Largest economy measured by GDP 1.99 Trillon - 2019 - Australian Labour force 12.3 millions June 2020
- Low levels of inflation 2% July 2020 - Unemployment rate 7%
What is Fiscal Policy? - correct answer ✔✔Government spending and taxation that influences the economy.
