Cause all that matters here is passing the IIA IIA-CFSA exam. Cause all that you need is a high score of IIA-CFSA Certified Financial Services Auditor exam. The only one thing you need to do is downloading Examcollection IIA-CFSA exam study guides now. We will not let you down with our money-back guarantee.
2021 Sep IIA-CFSA pdf exam
Q21. (Topic 1)
Both residual and control risk need to be_______________ dealt with in project management.
A. Timely
B. Implicitly
C. Professionally
D. Explicitly
Answer: D
Q22. (Topic 4)
____________ is a form of insurance, to move risk from someone major loss to someone who could absorb the loss, or is able to hedge against the risk by buying some other derivative.
A. Future
B. Option
C. Swap
D. All the derivatives
Answer: D
391. (Topic 4)
Variable life insurance is:
A. Permanent life insurance
B. Temporary life insurance
C. Flexible life insurance
D. None of these
Answer: A
Q23. (Topic 4)
The primary regulatory entities of banking industry include:
A. Federal reserve system
B. Office of the comptroller of the currency
C. Federal deposit insurance Cooperation
D. All of these
Answer: D
Q24. (Topic 5)
Cash surrender life insurance is referred to:
A. Permanent life insurance
B. Whole life insurance
C. Both of these
D. None of these
Answer: B
Q25. (Topic 4)
Which one of the following is NOT the rule of National Association of Securities Dealers (NASD)?
A. All correspondence and all transactions must be reviewed and approved by the firm and maintained for three years.
B. Disciplinary actions regarding employees must be reported to NASD.
C. Firms do not need to maintain fidelity bond to protect against losses due to theft or misappropriation of securities
D. None of these.
Answer: C
Renew IIA-CFSA answers:
Q26. (Topic 1)
Risk is the probability that an event or action may adversely affect the organization or activity under review. In other words, risk is anything that can prevent an organization from achieving an objective. Major components of risk are as follows EXCEPT:
A. Non- Compliance with the laws, rules and regulations
B. An event or cause that can interfere with achieving the objective (e.g. What can go wrong?)
C. A probability or likelihood of occurrence
D. The negative consequences of not achieving the objective
Answer: A
Q27. (Topic 4)
Asset/Liability (ALM) is a short and long term planning tool designed to maximize earnings. ALM tries to create optimal risk/reward decisions and focuses on creating prices that achieve spread. A sound ALM policy must manage following types of risks EXCEPT:
A. Credit Risk
B. Control Risk
C. Liquidity Risk
D. Capital Risk
Answer: B
Q28. (Topic 5)
Money market funds:
A. Can invest in only certain high-quality, short-term investments issued by Federal State and local government
B. Try to keep their NAV at a stable $1.00 per share
C. Pay dividends that generally reflect short-term interest rates
D. All of these
Answer: D
474. (Topic 5)
Here are the following major types of long-term disability policies EXCEPT:
A. Non-cancelable policies
B. Guaranteed renewable policies
C. Periodically renewable disability policy
D. Conditionally renewable policies
Answer: C
Q29. (Topic 2)
Stockholders are generally allowed one vote per share held. As a result, individuals who hold large blocks of share are more likely to be board members. Which of the following are out of the basic rights of stockholders?
A. Proxy rights
B. Reorganization rights
C. Exception rights
D. Liquidation rights
Answer: A,D
Q30. (Topic 5)
An entity that purchases and sells securities on its own behalf is acting as:
A. A broker
B. A dealer
C. An agent
D. A principal
Answer: B