IIA IIA-CFSA Online Practice Questions and Exam Preparation

IIA IIA-CFSA Online Questions & Answers

• Question 241:

  I- Restrict access to data by business need-to-know II- Assign Unique ID t each person with computer access III-Restrict physical access to cardholder data

  The above requirements of PCI (Payment Card Industry) achieve which one of the following goals?

  A. Implementation of Strong access control measures
  B. Protection of card holder
  C. Maintenance of information data security policy
  D. Building and maintenance of a secure network
  A. Implementation of Strong access control measures

• Question 242:

  Securities available for resale, by the bank, should be reported at:

  A. Principal value
  B. Principal value + interest rate
  C. Fair value
  D. All of these
  C. Fair value

• Question 243:

  When one party trades a variable interest rate for a fixed interest rate or vice versa then __________ occurs.

  A. Future contracts
  B. Interest rate swap
  C. Option
  D. Forward contracts
  B. Interest rate swap

• Question 244:

  Interest rates offered on new CDs changes:

  A. Daily at most banks
  B. Twice a day at most banks
  C. Weekly at most banks
  D. Monthly at most banks
  A. Daily at most banks

• Question 245:

  The term "thrift institution" is referred to:

  A. Savings banks
  B. Savings and loan associations
  C. Saving banks and saving loan associations
  D. Mortgage banks
  C. Saving banks and saving loan associations

• Question 246:

  Negotiable certificates are:

  A. Mutual funds that invests in short-term liquid securities.
  B. Tradable certificates issued by commercial banks in exchange for time deposits.
  C. Are instruments issued by corporations with good credit ratings and are in effect an unsecured promissory note
  D. Are U.S. currency deposited in banks outside the United States
  B. Tradable certificates issued by commercial banks in exchange for time deposits.

• Question 247:

  A major type of personal selling distribution system is the:

  A. Direct response distribution
  B. Face to face representation
  C. Ordinary agency system or career agency system
  D. Agency-building distribution
  D. Agency-building distribution

• Question 248:

  "An element of information, from a transaction to an entire system, is appropriately entered, developed, changed, or used with proper authority." Which of the following element of integrity supports this statement?

  A. Authorized
  B. Accurate
  C. Complete
  D. Timely
  A. Authorized

• Question 249:

  A gold producer wants to hedge his loses attributable to a fall in the price of gold for his current gold currency. This is an example of:

  A. Currency Swaps
  B. Commodity Swaps
  C. Interests rate Swaps
  D. All of these
  B. Commodity Swaps

• Question 250:

  Stock transfer agent, Bond registrar, stock registrar and dividend reinvestments agent are the additional duties of:

  A. Brokers/Brokerage houses
  B. Corporate trust departments
  C. Mutual funds agencies
  D. None of these
  B. Corporate trust departments