LIBF Unit 4 -MCQ || Graded A+.
Which of the following is an example of a large public limited company ? correct answers A
Bank
The Government department that has overall responsibility for financial stability in the UK is
correct answers HM Treasury
Retail Banks correct answers Provide Services to individuals and to small and medium sized
businesses
Largest building Society in the UK correct answers Nationwide Building Society
The providers of insurance - subdivided into two main categories correct answers Individual
insurance companies and Lloyds insurance market
Credit Unions are regulated by correct answers The Prudential regulation authority and the
financial Conduct Authority
The Bank of Englands Monetary Policy Committee (MPC) is responsible for correct answers
Carrying out government monetary policy
An independent financial adviser is permitted to sell the products of correct answers Any
provider
Objective of Financial Policy comittee correct answers Support the government's economic
policy
An example of a payday loan company is correct answers Lending Stream
, Body Responsible for monitoring and regulating competition in financial services correct
answers Competition and Markets Authority
Very low starter interest rate that would make the initial payments affordable but after a short
period will increase correct answers Teaser Rate
Body Owned by its members correct answers Mutual Organisation
Can recommend products from any financial services provider correct answers Independent
Independent official body - investigate consumer complaints and disputes correct answers
Financial Ombudsman Service
Largest amount of influence in the retail banking sector ? correct answers Commercial banks
Benefit of effective competition correct answers Customers have more choice
The financial Services Consumer Panel aims to correct answers Represent the interests of
consumers and aid effective regulation
Market which is dominated by a small number of very large firms is called correct answers An
Oligopoly
Example of wasteful competition correct answers Developing and marketing a product almost
identical to that offered by competitors
Example of Challenger Bank correct answers Metro bank
Which of the following is an example of a large public limited company ? correct answers A
Bank
The Government department that has overall responsibility for financial stability in the UK is
correct answers HM Treasury
Retail Banks correct answers Provide Services to individuals and to small and medium sized
businesses
Largest building Society in the UK correct answers Nationwide Building Society
The providers of insurance - subdivided into two main categories correct answers Individual
insurance companies and Lloyds insurance market
Credit Unions are regulated by correct answers The Prudential regulation authority and the
financial Conduct Authority
The Bank of Englands Monetary Policy Committee (MPC) is responsible for correct answers
Carrying out government monetary policy
An independent financial adviser is permitted to sell the products of correct answers Any
provider
Objective of Financial Policy comittee correct answers Support the government's economic
policy
An example of a payday loan company is correct answers Lending Stream
, Body Responsible for monitoring and regulating competition in financial services correct
answers Competition and Markets Authority
Very low starter interest rate that would make the initial payments affordable but after a short
period will increase correct answers Teaser Rate
Body Owned by its members correct answers Mutual Organisation
Can recommend products from any financial services provider correct answers Independent
Independent official body - investigate consumer complaints and disputes correct answers
Financial Ombudsman Service
Largest amount of influence in the retail banking sector ? correct answers Commercial banks
Benefit of effective competition correct answers Customers have more choice
The financial Services Consumer Panel aims to correct answers Represent the interests of
consumers and aid effective regulation
Market which is dominated by a small number of very large firms is called correct answers An
Oligopoly
Example of wasteful competition correct answers Developing and marketing a product almost
identical to that offered by competitors
Example of Challenger Bank correct answers Metro bank
