CQIB Mock Exam Questions And Answers
1. Which of the following is accurate regarding fiscal policy?: answer-
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Government spending and taxation that influences the economy.
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2. Who runs Superannuation funds?: answer-Trustees
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3. Which form of debt is a popular funding option due to taxation benefits that
| | | | | | | | | | | | |
| may be available for borrowers?: answer-Equipment leasing
| | | | | |
4. Which of the following roles do banks play in society and the economy as a
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whole?: answer-Facilitate the creation of money, act as a financial intermediary and
| | | | | | | | | | | | |
| contribute to the economy's development
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5. Which one of the following is accurate in relation to Australian banking
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| history?: answer-Prior to 1910, banks could issue their own private bank notes.
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6. How often is the Consumer Price Index calculated?: answer-Quarterly
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7. Which of the following is true regarding banks?: They are highly leveraged
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8. How would you describe government securities and semi-government se-
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| curities?: answer-High Quality Liquid Assets
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9. How would a deontologist view justify killing a person about to commit a
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| terrorist act if it meant saving the lives of many others?: It would not be justified at it
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, | is wrong to kill.
| | |
10. Which of the following would be considered a benefit of virtue ethics?: It
| | | | | | | | | | | |
| provides flexibility because there are no universal 'rules' to apply when making a
| | | | | | | | | | | |
| decision
11. A code of practice which is designed to prevent unprofessional conduct by
| | | | | | | | | | |
| focusing on high-level concepts such as fairness, rather than compliance with
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| detailed rules refers to what type of approach?: Principles based
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12. Which of the following is true in relation to the FINSIA Code of Conduct?-
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: Respect' is one of the FINSIA's values
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13. Which of the following is correct regarding a corporate code of conduct?: It
| | | | | | | | | | | |
| often contains a commitment associated with citizenship.
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14. In respect to deontology which statement is correct?: People must do the
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| right thing, even if it does not result in a good outcome.
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15. Which of the following is one of the basic rules Kant proposed as being
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| useful to a well-ordered society?: Deontology -You can not use people as a
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| means to an end | | |
16. The action to step back and rethink or adjust your intended course of
| | | | | | | | | | | |
| action is part of which step in the Five Step Approach to Ethical Dilemmas?-
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: Discuss - Talk about your chosen action
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12
1. Which of the following is accurate regarding fiscal policy?: answer-
| | | | | | | | |
Government spending and taxation that influences the economy.
| | | | | | |
2. Who runs Superannuation funds?: answer-Trustees
| | | |
3. Which form of debt is a popular funding option due to taxation benefits that
| | | | | | | | | | | | |
| may be available for borrowers?: answer-Equipment leasing
| | | | | |
4. Which of the following roles do banks play in society and the economy as a
| | | | | | | | | | | | | |
whole?: answer-Facilitate the creation of money, act as a financial intermediary and
| | | | | | | | | | | | |
| contribute to the economy's development
| | | |
5. Which one of the following is accurate in relation to Australian banking
| | | | | | | | | | |
| history?: answer-Prior to 1910, banks could issue their own private bank notes.
| | | | | | | | | | |
6. How often is the Consumer Price Index calculated?: answer-Quarterly
| | | | | | | |
7. Which of the following is true regarding banks?: They are highly leveraged
| | | | | | | | | | |
8. How would you describe government securities and semi-government se-
| | | | | | | |
| curities?: answer-High Quality Liquid Assets
| | | |
9. How would a deontologist view justify killing a person about to commit a
| | | | | | | | | | | |
| terrorist act if it meant saving the lives of many others?: It would not be justified at it
| | | | | | | | | | | | | | | | |
1 |/ |
12
, | is wrong to kill.
| | |
10. Which of the following would be considered a benefit of virtue ethics?: It
| | | | | | | | | | | |
| provides flexibility because there are no universal 'rules' to apply when making a
| | | | | | | | | | | |
| decision
11. A code of practice which is designed to prevent unprofessional conduct by
| | | | | | | | | | |
| focusing on high-level concepts such as fairness, rather than compliance with
| | | | | | | | | |
| detailed rules refers to what type of approach?: Principles based
| | | | | | | | |
12. Which of the following is true in relation to the FINSIA Code of Conduct?-
| | | | | | | | | | | | |
: Respect' is one of the FINSIA's values
| | | | | | |
13. Which of the following is correct regarding a corporate code of conduct?: It
| | | | | | | | | | | |
| often contains a commitment associated with citizenship.
| | | | | |
14. In respect to deontology which statement is correct?: People must do the
| | | | | | | | | | |
| right thing, even if it does not result in a good outcome.
| | | | | | | | | | |
15. Which of the following is one of the basic rules Kant proposed as being
| | | | | | | | | | | | |
| useful to a well-ordered society?: Deontology -You can not use people as a
| | | | | | | | | | | | |
| means to an end | | |
16. The action to step back and rethink or adjust your intended course of
| | | | | | | | | | | |
| action is part of which step in the Five Step Approach to Ethical Dilemmas?-
| | | | | | | | | | | | |
: Discuss - Talk about your chosen action
| | | | | | |
2 |/ |
12
