IIA IIA-CFSA Online Practice Questions and Exam Preparation

IIA IIA-CFSA Online Questions & Answers

• Question 171:

  The EU saving Directive is aimed at effective taxation of saving income in the form of:

  A. Interest payments
  B. Inflation
  C. Both of these
  D. None of these
  A. Interest payments

• Question 172:

  Which of the following statements about the over-the-counter market is false?

  A. Mutual funds and other new issues are initially issued over the counter
  B. Security prices are determined through auction bidding
  C. Broker dealers must be resigned
  D. Securities are traded at many locations throughout the country
  B. Security prices are determined through auction bidding

• Question 173:

  A __________ is a health insurance plan where medical treatment is fully covered if provided by doctor or a hospital belonging to PPO'S network of health care providers.

  A. Permanently preferred organization
  B. Preferred provider organization
  C. Health insurance organization
  D. Health insurance from health maintenance organizations
  B. Preferred provider organization

• Question 174:

  Regulation D, an SEC rule governing the limited offer and sale of securities without registration under the securities Act of 1933, regulates private placement exemptions. Regulation D supports all of the following EXCEPT:

  A. Allows for the issuance and sale of securities to purchasers, if they qualify as accreditedinvestors
  B. Offerings are advantageous to any private company or entrepreneur because they allow anentity to obtain funding faster and to avoid the costs associated with a public offering
  C. Allows usually smaller companies to raise capital through the sale of equity or debt securities without having to register their securities with SEC.
  D. None of these
  D. None of these

• Question 175:

  Adequate procedures and controls associated with swap transactions should exist to help minimize the risks inherent in transaction process. Example/s of these controls may include:

  A. A daily reconciliation of traders' positions should be performed
  B. To minimize market risk in hedge transactions:There should be independent sign-off procedures for hedging modelsAll hedge strategies should be clearly definedAll software and products should be secure and temper resistant
  C. All transactions should be authorized and affirmed
  D. All of these
  D. All of these

• Question 176:

  Off-balance-sheet usually means an asset or debt or financing activity not on the company's balance sheet. It could involve a lease or a separate subsidiary or a contingent liability such as ___________.

  A. A letter of credit
  B. Scrutiny
  C. Debt securities
  D. Term papers
  A. A letter of credit

• Question 177:

  Visa and MasterCard have teamed up to develop payment card Industry ( PCI) Data Security standards to govern the safekeeping of account information. Which of the following is NOT out of the major goals of PCI standards?

  A. Build and maintain secure network
  B. Protect Card holder Data
  C. Maintain vulnerability management program and regularly monitor and test networks
  D. Annual review of an information security policy
  D. Annual review of an information security policy

• Question 178:

  Which of the following way best defines disability insurance?

  A. General-disability insurance:Provides benefits to a person who cannot perform any job that the person is qualified for because of sickness or injury. As long as the policyholder can still perform certain jobs that she is qualified for, she cannot recover
  B. Occupational-disability insurance:Provides benefits to a person who cannot perform his or her regular job because of sickness or injury
  C. Conditionally renewable policies:And your coverage can be cancelled in the event certain conditions stated in the policy aretriggered
  D. Only AandB
  D. Only AandB

• Question 179:

  An area of FOMC board responsibilities is the development and administration of regulation that implement major federal laws governing consumer credit, such as:

  A. Truth bending Act and the equal credit opportunity Act
  B. Home Mortgage disclosure Act and truth savings ACT
  C. Sunshine Act
  D. Only A and b
  D. Only A and b

• Question 180:

  __________pays damaged insured by the injured and the insured's passenger when injured in an auto accident caused by a motorist without liability insurance. The coverage also covers accidents caused by hit-and-run drivers.

  A. Uninsured motorist coverage
  B. Auto coverage
  C. Medical coverage
  D. Liability coverage
  A. Uninsured motorist coverage