Multiple Choice Questions on Financial Services, Exams of Nursing

Download Multiple Choice Questions on Financial Services and more Exams Nursing in PDF only on Docsity! LIBF multiple choice unit 4 Questions With Verified Answers Which of the following is an example of a large public limited company? - Answer A bank The government department that has overall responsibility for financial stability in the UK is: - Answer HM Treasury Retail banks: - Answer provide services to individuals and to small and medium- sized businesses The providers of insurance can be subdivided into two main categories: - Answer individual insurance companies and Lloyd's insurance market An objective of the Financial Policy Committee is to: - Answer support the government's economic policy An example of a payday loan company is: - Answer Wonga.com UK Financial Investments (UKFI) was set up to manage the shareholdings of banks rescued by the government true or false ? - Answer True LIBF multiple choice unit 4 Questions With Verified Answers People who lend money to intermediaries and borrow from them are known as counterparties: true or false ? - Answer True A benefit of effective competition is that: - Answer customers no longer have to shop around The Financial Services Consumer Panel aims to: - Answer be an independent voice for consumers of financial services The Current Account Switch Service enables clients to switch their current account provider in just: - Answer 7 days Competition is always good for the consumer true or false ? - Answer False The procedure that takes place when a bank is in trouble is known as bank: - Answer resolution The three pillars of sustainability are: - Answer environmental, social and economic LIBF multiple choice unit 4 Questions With Verified Answers The relationship between interest rates and business investment can correctly be described as: - Answer when interest rates fall, business investment rises Mortgage equity withdrawal describes the situation where banks: - Answer allow customers to take out secured loans based on the value of equity in their property The government sold the whole of Northern Rock to Virgin Money true or false - Answer False An exogenous shock is one that: - Answer occurs without warning and has a significant impact Catastrophic loss is: - Answer a loss in excess of an unexpected loss How do expectations of higher inflation affect the demand for mortgage loans? - Answer Demand is likely to increase Which body required RBS and Lloyds to undergo a divestment procedure in 2009? - Answer The EU Competition Commissioner LIBF multiple choice unit 4 Questions With Verified Answers Retail ring-fencing means that: - Answer The retail activities of each UK bank will be placed in a separate subsidiary from their investment activities The following terms relate to Islamic finance. Match the term to its definition: Prohibition of interest - Answer riba The following terms relate to Islamic finance. Match the term to its definition: The bank buys a property, sells it to the buyer and the buyer pays for it in instalments with no penalties for late payment – Answer murabaha The following terms relate to Islamic finance. Match the term to its definition: A buyer leases a property from a bank and at the end of the leasing period becomes the property owner – Answer Ijara The following terms relate to Islamic finance. Match the term to its definition: LIBF multiple choice unit 4 Questions With Verified Answers Uncertainty in business dealings – Answer Gharar Most financial services providers are mutuals true or false ? - Answer false Each provider must evaluate the approach taken by its marketing team. Match the marketing measure with the aspect to which it relates: Whether the campaign has resulted in an increase in sales Efficiency accuracy consistency appropriateness - Answer Efficiency Each provider must evaluate the approach taken by its marketing team. Match the marketing measure with the aspect to which it relates: The quality of the information given out, including whether it is correct or not Efficiency accuracy consistency appropriateness - Answer accuracy