IIA IIA-CFSA Online Practice Questions and Exam Preparation

IIA IIA-CFSA Online Questions & Answers

• Question 461:

  Some specific requirements of securities and exchange 1934 Act are:

  A. Registration Requirement
  B. Credit Regulation
  C. Manipulation and Deception
  D. All of these
  D. All of these

• Question 462:

  _________ insures the real estate loans of borrowers who qualify for the program.

  A. Federal Housing Administration
  B. Department of veterans Affairs
  C. Mortgage Brokers
  D. None of these
  A. Federal Housing Administration

• Question 463:

  Some specific requirement of securities Exchange Act of 1934 are all of the following EXCEPT:

  A. Credit Regulations
  B. Manipulation and Deception
  C. Insider rules
  D. Articles of incorporation
  D. Articles of incorporation

• Question 464:

  The objective/s of trust department's administration of corporate trust accounts include:

  A. Policies and producers ensure compliance with governing instruments, applicable law and accepted fiduciary principles II. Deficiencies are identified and corrective action is promptly initiated III. There is sufficient management and staff expertise to administer these accounts IV. Effective policies, procedures and internal controls have been established
  B. The legitimate needs of security holders and other interested parties are met in a professional and timely manner
  C. III and IV
  D. I, II and IV
  E. II, III and V
  F. All of these
  D. I, II and IV

• Question 465:

  Leases allow a customer to use an institution's property for a specified period. Most lease agreements give the lessee the option of purchasing the property:

  A. at principal amount
  B. below fair market value
  C. above fair market value
  D. None of these
  D. None of these

• Question 466:

  Policy holders of whole life insurance use the cash dividends in many ways as:

  A. To lower or vanish premium
  B. To purchase more insurance
  C. To pay more term insurance
  D. All of these
  D. All of these

• Question 467:

  Strategic Risk if not properly controlled, understood or measured may result in:

  A. High Earnings volatility
  B. Significant capital pressures
  C. Withdrawal of loan portfolios by the customers
  D. Only AandB
  D. Only AandB

• Question 468:

  The term used to describe the process of raising funds through the sale of securities is called:

  A. D. Securitizations
  B. C. Securitizations
  C. Securitizations and sales
  D. Subprime loans
  B. C. Securitizations

• Question 469:

  The SEC has 20 day__________ to review the materials before registration; however, the period is often longer than 20 days as the SEC may request additional information from the issuer.

  A. Review period
  B. Cooling-off period
  C. Transitional phase
  D. All of These
  B. Cooling-off period

• Question 470:

  The extent to which an organization has implemented controls to minimize the actual occurrences of the risk determines the vulnerability to the risk actually occurring, or the "_______"

  A. Inherent Risk
  B. Understanding Risk
  C. Control Risk
  D. Disguised Risk
  C. Control Risk