CQIB COMPREHENSIVE EXAMS 2025/2026 QUESTIONS
WITH ANSWERS RATED A+
✔✔what is intuition - ✔✔gut feeling that influences decisions
✔✔what is fast thinking - ✔✔autonomous take processing
✔✔what is slow thinking - ✔✔deliberate thought process
✔✔what is expediency - ✔✔making easy decisions over best decision
✔✔what is 'do nothing' - ✔✔denying the need for decision
✔✔what is framing - ✔✔removing noise to see problems
✔✔what is group conformity - ✔✔preferring the groups view
✔✔what is 'not thinking' - ✔✔doing what done before
✔✔what is the process for ethical dilemmas - ✔✔recognise > facts > discuss > act >
review
✔✔what is whistle blowing - ✔✔reporting illegal or unethical activities within an
organisation
✔✔what are algorithms - ✔✔procedures or formulars for problem solving
✔✔what is moral agent - ✔✔a being who can discern right from wrong
✔✔what is profession - ✔✔A discipline group adhering to ethical standards
✔✔what is professionalism - ✔✔personally held beliefs about ones 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 rule-based approach - ✔✔perspective approach to behaviour
, ✔✔what is a principles-based approach - ✔✔compliance with broad, high-level
principles
✔✔what is the code or banking practice - ✔✔principles of good banking practice in NZ
✔✔what is the code of professional conduct for financial advise services - ✔✔code
administer by MBIE under the financial markets conduct act 2013
✔✔what is integrity - ✔✔adherence to moral and ethical principles
✔✔what is competence - ✔✔the ability to perform a task effectively
✔✔what is morality - ✔✔principles concerning the distinction between right and wrong
or good and bad behavior.
✔✔what is altruism - ✔✔selfless concern for the welfare of others
✔✔what is public interest - ✔✔the welfare or well-being of general public
✔✔what is misconduct - ✔✔unacceptable to inproper behaviour
✔✔what is the national payments infrastructure - ✔✔arrangements allowing transfer of
funds
✔✔what is the non-bank deposit takers act 2013 - ✔✔RBNZ act regulating non-bank
deposit takers
✔✔what is the insurance (prudential supervision) act 2010? - ✔✔RBNZ act supervision
licenced insurers
✔✔what is the Anti-money laundering and countering financial terrorism act 2009? -
✔✔RBNZ act regulating money laundering and terrorism financing
✔✔What are payment systems - ✔✔arrangements for transferring funds
✔✔What is payments NZ - ✔✔RBNZ- regulated company manageing payment systems
✔✔what is the consumer electronic clearing system - ✔✔systems governing consumer
payments
✔✔what is the settlement before interchange system (SBI) - ✔✔systems for settling and
interchanging transactions
WITH ANSWERS RATED A+
✔✔what is intuition - ✔✔gut feeling that influences decisions
✔✔what is fast thinking - ✔✔autonomous take processing
✔✔what is slow thinking - ✔✔deliberate thought process
✔✔what is expediency - ✔✔making easy decisions over best decision
✔✔what is 'do nothing' - ✔✔denying the need for decision
✔✔what is framing - ✔✔removing noise to see problems
✔✔what is group conformity - ✔✔preferring the groups view
✔✔what is 'not thinking' - ✔✔doing what done before
✔✔what is the process for ethical dilemmas - ✔✔recognise > facts > discuss > act >
review
✔✔what is whistle blowing - ✔✔reporting illegal or unethical activities within an
organisation
✔✔what are algorithms - ✔✔procedures or formulars for problem solving
✔✔what is moral agent - ✔✔a being who can discern right from wrong
✔✔what is profession - ✔✔A discipline group adhering to ethical standards
✔✔what is professionalism - ✔✔personally held beliefs about ones 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 rule-based approach - ✔✔perspective approach to behaviour
, ✔✔what is a principles-based approach - ✔✔compliance with broad, high-level
principles
✔✔what is the code or banking practice - ✔✔principles of good banking practice in NZ
✔✔what is the code of professional conduct for financial advise services - ✔✔code
administer by MBIE under the financial markets conduct act 2013
✔✔what is integrity - ✔✔adherence to moral and ethical principles
✔✔what is competence - ✔✔the ability to perform a task effectively
✔✔what is morality - ✔✔principles concerning the distinction between right and wrong
or good and bad behavior.
✔✔what is altruism - ✔✔selfless concern for the welfare of others
✔✔what is public interest - ✔✔the welfare or well-being of general public
✔✔what is misconduct - ✔✔unacceptable to inproper behaviour
✔✔what is the national payments infrastructure - ✔✔arrangements allowing transfer of
funds
✔✔what is the non-bank deposit takers act 2013 - ✔✔RBNZ act regulating non-bank
deposit takers
✔✔what is the insurance (prudential supervision) act 2010? - ✔✔RBNZ act supervision
licenced insurers
✔✔what is the Anti-money laundering and countering financial terrorism act 2009? -
✔✔RBNZ act regulating money laundering and terrorism financing
✔✔What are payment systems - ✔✔arrangements for transferring funds
✔✔What is payments NZ - ✔✔RBNZ- regulated company manageing payment systems
✔✔what is the consumer electronic clearing system - ✔✔systems governing consumer
payments
✔✔what is the settlement before interchange system (SBI) - ✔✔systems for settling and
interchanging transactions
