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Crosses Banking Products to Practice
Banking and Financial Products (Ca' Foscari University Venice)
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KAHOOT
5 FEBRUARY NO. 1
1- Banking:
a. Collection of savings at sight and exercise of credit
b. Savings Collection and Credit Exercise
c. Savings collection, lending, other non-reserved activities
d. Savings collection, credit operation, payment services
2- For each transaction and service the bank must make available to the customer:
a. The summary document
b. The information sheet
c. The Practical Guide
d. The copy of the contract
3- The bank may apply worse conditions than those advertised:
a. Yes, but must inform the customer in advance
b. Only in open-ended contracts
c. No
d. Yes, but the customer has the right to withdraw from the contract
4- Bank contracts must indicate:
a. The advertised economic conditions
b. Maximum and minimum economic conditions
c. The agreed economic conditions
d. The synthetic cost indicator
5- The bank may unilaterally change the conditions:
a. If this possibility is indicated in the contract
b. In fixed-term contracts
c. In open-ended contracts
d. In open-ended contracts where there is a justified reason
6- The bank:
a. Cannot capitalise interest expenses on a quarterly basis
b. May capitalise interest expenses on a quarterly basis
c. Cannot capitalise interest quarterly
d. Cannot capitalise interest if the customer is a consumer 17
FEBRUARY No. 2
7- The value date on current account deposits determines:
a. The commencement of interest
b. The availability of the credited sum
c. The account balance
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d. The commencement of interest and the availability of the credited
sum
8- In the case of a credit line, the bank may charge the customer a fee:
a. Fixed or proportional to the credit granted
b. Proportional to the credit line used
c. Proportional to the credit granted if the customer is not a consumer
d. Proportional to the credit granted
9- Portability:
a. Transfer of services from a bank to a payment institution
b. Transfer of services from one bank to another bank
c. Transfer of current account from one bank to another bank
d. Transfer of current account between two banks without charges to the customer
10- Objective of the creditworthiness assessment process:
a. Measuring Insolvency Losses
b. Analysis of customer relationships with the banking system
c. Analysis of the client's economic and financial situation
d. Measuring the probability of insolvency
11- The mortgage is a guarantee:
a. Financial
b. Royal
c. Staff
d. Mobile
12- Non-performing loans are risk positions vis-à-vis customers:
a. Illiquids
b. With past due exposures
c. In a state of insolvency
d. With Exposures Subject to Revised Conditions 3
MARCH No. 3
13- In the current account credit opening, interest is calculated:
a. On daily liquid debit balances
b. On the overdraft used quarterly
c. Overdraft granted annually
d. On daily overdrafts
14- In the discount transaction:
a. The value of credits is credited in arrears
b. The value of credits is credited with immediate value date
c. Interest is calculated in arrears
d. Interest is calculated on the drawn credit line
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15- In the SBF on currency accrual:
a. Interest is calculated in advance
b. No interest is calculated up to the value date of the credits
c. Interest is calculated on the value date of the credits
d. No interest is calculated because there is no advance payment
15b- An advance is a transaction secured by a pledge of:
a. Merci
b. Securities listed on regulated markets
c. Titles
d. Goods or Securities
16- In the repayment instalments of a loan, the interest shares are:
a. Decreasing if the instalment is decreasing
b. Constant if the instalment is constant
c. Descending
d. Constants if the mortgage is fixed-rate
17- Financial leasing:
a. It is a guaranteed financing operation
b. It is an operation with repayment in instalments
c. Does not provide for the redemption of the asset
d. It is a short-term operation 5
MARCH NO.4
18- Bank acceptance:
a. Signature credit
b. Secured financing transaction
c. Special credit
d. Securities lending transaction
19- In consumer financing, the APR is equal:
a. At the annual nominal interest rate stated in the contract
b. To the cost of credit expressed as an annual % of the loan
c. To the sum of all charges borne by the customer
d. To the synthetic cost indicator indicated in the information sheet
20- Direct collection:
a. Client financial instruments managed by the bank
b. Current and savings deposits
c. Funds raised through the issuance of financial instruments
d. Funds raised through the issue of own liabilities
21- Subordinated bonds:
a. Securities redeemable upon authorisation by the Bank of Italy
b. Asset-backed securities
c. Redeemable securities after the bank's other liabilities
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d. Securities redeemable after bank shares
22- Certificates of Deposit:
a. Consumer debt securities
b. Debt securities for institutional investors
c. Securities for the collection of long-term savings
d. Securities for the collection of short- and medium-term savings
23- They are subject to bail-in:
a. Deposits > 100,000
b. Bonds and Certificates of Deposit
c. Current account deposits > 100,000
d. Deposits, excluding consumer deposits
11 MARCH No. 5
24- The debit card provides:
a. The deferred debit of payments
b. Debit payments in instalments
c. The immediate debit of payments with deferred value date
d. The debiting of payments with immediate value date
25- Sepa Credit Transfer:
a. Credit collection with payment through a form
b. Collection of receivables through electronic receipts
c. Payment order in favour of a payee
d. Permanent debit order
26- Investment advice:
a. It is an activity instrumental to the activity of collecting savings
b. It is an ancillary service to investment services
c. It is an investment service
d. It is an activity reserved for financial advisors
27- The bank must assess appropriateness in the case of:
a. Offering investment portfolio management services
b. Offering consultancy services to retail customers
c. Sale of financial instruments to retail customers
d. Sale of financial instruments
28- Strategic asset allocation:
a. Breakdown of investments between cash, bonds and shares
b. Active investment management
c. Allocation of investments between real estate and financial instruments
d. Passive investment management
28- Banks can
a. Distributing insurance products
b. Undertake insurance business, if combined with banking operations
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c. Undertake life insurance business
d. Distributing insurance products of subsidiary insurance companies
Exercise 4:
Collection
Operations &
Payment Services
16) Indirect deposits
include.
→ securities and other assets
received on deposit for
custody, under
administration or in
connection with management
activities
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in movable assets
17) In collection
operations, the repo.
→ is a transaction involving
the spot purchase and
simultaneous forward sale
of securities, where the return
is
given by the difference
between the spot and
forward prices
18) The collection of
savings in securities
includes:
→ bonds, certificates of
deposit and savings bonds
(NB: may not include
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other titles than the above)
19) A bank draft is a
security...
→ order credit issued by
authorised banks, payable
at sight at all counters of
the issuing bank
20) Credit cards.
→ are documents of
legitimisation
Exercise 5:
Investment and
insurance services
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21) According to Mifid,
the clients to whom
investment services are
provided are...
→ professional clients,
eligible counterparties and
retail clients
22) Tactical asset
allocation.
→ may include market
timing and stock picking
activities
23) The collection of
savings in securities
includes:
→ bonds, certificates of
deposit and savings bonds
(NB: may not include
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other titles
the above)
than
24) The combination
of
insurance
and
banking products...
→ provides the bank with
certainty of cover
25) Among the life
insurance products sold
independently by
banks.
→ there are products linked
to random life events,
products not linked to
random life events and
products of
pension type
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Exercise 4:
Collection
Operations &
Payment Services
16) Indirect deposits
include.
→ securities and other assets
received on deposit for
custody, under
administration or in
connection with management
activities
in movable assets
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17) In collection
operations, the repo.
→ is a transaction involving
the spot purchase and
simultaneous forward sale
of securities in which the
yield is
given by the difference
between the spot and
forward prices
18) The collection of
savings in securities
includes:
→ bonds, certificates of
deposit and savings bonds
(NB: may not include
securities other than the
above)
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19) A bank draft is a
security...
→ order credit issued by
authorised banks, payable
at sight at all counters of
the issuing bank
20) Credit cards.
→ are documents of
legitimisation
Exercise 5:
Investment and
insurance services
21) According to Mifid,
clients to whom the
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provided investment
services are...
→ professional clients,
eligible counterparties and
retail clients
22) Tactical asset
allocation.
→ may include market
timing and stock picking
activities
23) The collection of
savings in securities
includes:
→ bonds, certificates of
deposit and savings bonds
(NB: may not include
securities other than the
above)
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24) The combination
of
insurance
and
banking products...
→ provides the bank with
certainty of cover
25) Among the life
insurance products sold
independently by
banks.
→ there are products linked
to random life events,
products not linked to
random life events and
products of
pension type
Exercise 4:
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Collection &
Payment Services
16) Indirect deposits
include.
→ securities and other assets
received on deposit for
custody, under
administration or in
connection with management
activities
in movable assets
17) In collection
operations, the repo.
→ is a spot purchase
transaction and
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simultaneous forward sale
of securities, where the yield
is
given by the difference
between the spot and
forward prices
18) The collection of
savings in securities
includes:
→ bonds, certificates of
deposit and savings bonds
(NB: may not include
securities other than the
above)
19) A bank draft is a
security...
→ order credit issued by
banks
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authorised, payable at sight
at all branches of the
issuing bank
20) Credit cards.
→ are documents of
legitimisation
Exercise 5:
Investment and
insurance services
21) According to Mifid,
the clients to whom
investment services are
provided are...
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→ professional clients,
eligible counterparties and
retail clients
22) Tactical asset
allocation.
→ may include market
timing and stock picking
activities
23) The collection of
savings in securities
includes:
→ bonds, certificates of
deposit and savings bonds
(NB: may not include
securities other than the
above)
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24) The combination
of
insurance
and
banking products...
→ provides the bank with
certainty of cover
25) Among the life
insurance products sold
independently by
banks.
→ there are products linked
to random life events,
products not linked to
random life events and
products of
pension type
Exercise 1:
Transparency
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1) To the company Poste
Italiane
S.p.A. is the Transparency
Regulation applicable?
→ limited to Bancoposta's
activities
2) What document contains
information on the
intermediary, conditions
and characteristics of the
service?
→ information sheet
3) For which of these
cases is it mandatory to
draw up the contract in
writing?
→ occasional issuance of
bank
draft
exceeding
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€5,000
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4) Which contractual
clauses are to be
considered null and void
under the legislation?
→ clauses referring to usages
concerning the interest rate
5) If the intermediary
proposes a unilateral
change, does the client
have to pay for the
withdrawal?
→ no, withdrawal is always
free of charge
Exercise 2: Current
Account &
Customer Reliance
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6) The liquid balance of a
current account is.
→ the difference taking into
account only those
payments that have
become interest-bearing
(because the period of
currency)
7) The bank credit line is.
→ an obligation assumed by
the bank on behalf of the
customer
8) Which of the following is
an indicator of recovery
risk?
→ Loss Given Default (loss
that in the event of
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default cannot be recovered)
9) The external trend
analysis...
→ is carried out by
analysing the return flow of
the CoR and/or information
collected through other
databases
10) Sufferings are.
→ exposures to entities in a
state of insolvency (even if
not judicially established) or
in
comparable situations
regardless of the guarantees
provided
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29-The financial requirements generated by current operations are represented by
a. Working Capital
b. Decrease in circulation
c. Increase in circulating capital
d. Net working capital
30-The difference between the nominal and effective rates of a C/C depends on
a. intra-annual capitalisation of interest
b. Since the application of the business year
c. Inter-annual capitalisation of interest and the application of value dates
d.
From the infra-annual capitalisation of interest, the application of value dates and the charging of
fees and expenses
31-The financial requirements of the company are
a. from invested capital
b. From cash flow from operations
c. From CCN
d. From the financial structure
32-The collateral is:
a. lien, pledge, surety
b. Mortgage, pledge and surety
c. Privilege, mortgage and pledge
d. Privilege, mortgage, pledge and acceptance
33-The effective yield of an active C/C
a. increases due to the use of the business year for the calculation of interest
b. Increase due to application of value date
c. Decreases due to interim capitalisation of interest
d. Increase due to interim capitalisation of interest
34-According to the transparency rules, exchange rate and interest rate risks must be disclosed:
a. in contracts
b. in the summary document
c. in periodic communications
d. In the information sheets
35-Difference between discount and SBF transactions
a. In discounting, the value of the assigned receivables is credited in value date in arrears, in
SBF transactions in immediate crediting currency
b. In discounting, the value of receivables is credited with immediate value date, in SBF
transactions the crediting currency is deferred
c. In the discount the interest is deferred, in the SBF advance the value of the assigned
receivables is credited net of interest
d. In discounting, the assigned receivables are represented by bank receipts; in SBF
transactions, the receivables are represented by bills of exchange.
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36-That is the function of the guarantee:
a. to secure a right of first refusal on certain assets
b. To allow easier recovery of debts in the event of insolvency
c. To replace the credit assessment process in some cases
d. To reduce credit risk
37-In order to determine the incidence of value date on the actual cost of a debit account, it is
necessary to calculate:
a. higher debit numbers due to the application of value date on withdrawals
b. Lower creditor numbers due to the application of value date on payments
c. Lower debtor numbers due to the application of value date on payments
d. Higher debtor numbers due to the application of value date on payments
38-The purpose of the credit assessment process is:
a. the assessment of losses in the event of client insolvency
b. The analysis of the client's financial and asset situation
c. Credit risk assessment
d. The analysis of the increase in existing customer relationships
39-According to the Transparency Rules, exchange rate and interest rate risks must be disclosed
in the
a. contracts
b. Position papers
c. Periodic Communications
d. Information sheets
40-Difference between discounting and sbf
a. In discounting the value of the assigned receivables is credited with deferred value date, in sbf
transactions the credited value date is immediate
b. In discounting the value of the assigned receivables is credited with immediate value date, in
sbf transactions the crediting currency is deferred
c. In discounting the interest is deferred, in advance the value of the assigned
receivables is credited net of interest
d. In discounting the assigned receivables are represented by bank receipts, in sbf transactions the
receivables are represented by bills of exchange.
41-The bank is not subject to disclosure requirements in the case of
a. activity aimed at selling standardised services
b. offering services to non-consumer customers
c. offering services by means of distance communication techniques
d. activities aimed at concluding individually negotiated contracts
42-Performance measurement in the management of a client's investment portfolios
a. must take into account investment choices made by the client that have resulted in a
decrease in the assets under management
b. must not take into account the investment choices made by the client
c. must take into account the investment choices made by the client that have resulted in
growth in the assets under management
d. must take into account the investment choices made by the client
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43-In the currency-accruing sbf
a. interest is calculated on the amount of the credits advanced
b. no interest is calculated because there is no advance payment
c. no interest is calculated until the maturity date of the effects
d. interest is calculated on the entire amount of the effects presented
44-Currency overdraft:
a. liquid debit balance and credit balance
b. debit available balance and credit accounting balance
c. liquid debit balance in excess of the agreed credit line
d. liquid balance and available debit balance
45-The function of guarantees is to
a. to increase the rating assigned to the client
b. to supplement the credit inquiry in long-term loan operations
c. to reduce credit risk
d. to allow recovery of the debt in the event of insolvency
46-The objective of the fostering process is
a. the assessment of the probability of insolvency
b. the valuation of losses in the event of insolvency
c. the analysis of the development of the relationship between the client and the banking system
d. the analysis of the client's profitability and financial and operational risks
47-Land credit:
a. long-term financing granted by banks and financial intermediaries engaged in the
business of granting financing secured by a first mortgage on real estate
b. medium- and long-term loans granted by banks and secured by a first mortgage
c. medium- and long-term loans granted by banks and secured by a first mortgage on real estate
d. loans granted by banks and secured by mortgages on real estate
48-Probable defaults:
a. impaired exposures for which the bank has modified the contractual conditions
b. exposures to customers temporarily unable to meet their obligations
c. exposures for which recourse to actions such as the enforcement of collateral is deemed
necessary for the debtor to fulfil its obligations
d. non-performing loans for which the debtor's insolvency has not yet been judicially
established
49-The bank may distribute
a. any insurance product
b. insurance products combined with banking operations and services
c. any insurance product, as long as it offers the customer at least three alternative products
d. financial life products
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50-Revolving credit cards include
a. in consumer credit transactions carried out by banks
b. in payment services offered by banks to consumers
c. in consumer credit transactions
d. in payment services offered by payment institutions
51-Difference between credit and debit cards:
a. credit cards provide for deferred debiting of payments made during a certain period, debit
cards provide for immediate debiting of each payment with value date on the day the payment is
made
b. credit cards provide for the deferred debit of payments made in a given period in a lump
sum, debit cards allow for the repayment of the balance in instalments
c. credit cards provide for the immediate debit of each payment, debit cards provide for the
deferred debit of payments made in a given period with value date on the day the payment is
made
d. credit cards provide for the deferred debiting of payments made in a given period, debit cards
provide for the immediate debiting of each payment with value date on the day of recording in
the bank's accounts
52-Direct collection:
a. funds raised through the issuance of monetary liabilities
b. funds raised through the issue of own liabilities
c. collection in securities
d. administered securities and managed investment portfolios on behalf of clients
53-The bank
a. cannot apply economic conditions worse than those advertised
b. must apply the advertised economic conditions, unless the contract is of indefinite
duration
c. may apply economic conditions that are worse than those advertised, but the customer has
the right to withdraw from the contract
d. may apply economic conditions that are worse than those advertised, but must inform
the customer in advance
54-In financial leasing, upon expiry of the contract
a. the customer must purchase the good
b. the customer has the right to purchase the good
c. the bank has the right to sell the asset to the customer
d. the customer must return the good
55-The dates on which current account transactions are recorded determine
a. the accounting and available balance
b. the accounting balance
c. liquid sales
d. the available balance
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56-In simple anticipation
a. interest is calculated on the basis of liquid debit balances
b. interest is calculated in advance
c. the bank credits the full amount of the loan to the current account
d. the bank grants an overdraft facility secured by a pledge
57-Certificates of Deposit
a. are subject to bail in
b. are excluded from the bail-in if they are considered deposits
c. are excluded from the bail-in if they are considered financial instruments
d. are excluded from the bail-in
58- In the case of a credit line, the bank may apply
a. a fixed fee on the credit line used
b. a fee proportional to the credit line used
c. a fee proportional to the credit granted, provided that the customer is not a consumer
d. a fee proportional to the credit granted
59- Covered bonds are redeemed
a. by the issuing bank
b. before unsecured bonds
c. after subordinated bonds
d. by the special purpose vehicle
60- The liquid balance of a current account is:
A. The difference taking into account only those payments that have become interestbearing after the time limit (value date) has elapsed
B. The difference between deposit and withdrawal transactions recorded in the bank's
accounts in order of occurrence
C. Always coinciding with the available balance
D. Always coinciding with the account balance
61- The bank credit line is...
A.
B.
C.
D.
An obligation assumed by the bank on behalf of the client
A loan granted by the bank
An obligation assumed by the customer on behalf of the bank
A sum advanced by the bank after analysis by the client
62- Which of the following is an indicator of recovery risk?
A.
B.
C.
D.
The probability of default
The loss given default
Maturity
Exposure at default
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63- In the assessment of creditworthiness, the analysis of flows...
A.
B.
C.
D.
Integrates soft information about the potential customer
Provides information on the potential client's financial balance
Allows one to estimate the foreseeable development of business operations
Allows the identification of the drivers of overall company profitability
64- The External Performance Analysis:
A. It deals with the elements that describe how the customer behaves with external
parties that interact with him
B. It is carried out by analysing the return flow of the Central Risk Centre and/or
information collected through other databases
C. Refers to the analysis of the customer's historical and prospective financial balance
trend
D. Refers to the analysis of the customer's prospective financial balance trend
65- The sufferings are:
A. Exposures to unsecured entities
B. Exposures to entities in a state of insolvency (even if not judicially adjudicated) or
comparable situations regardless of collateral provided
C. Restructured exposures
D. Exposures past due and/or overdue by more than 90 days
66- The discount operation is:
A. A transaction whereby a bank grants the customer, subject to the provision of security, a
sum proportionate to the value of the pledge
B. A successful transaction with immediate advance
C. A transaction whereby a bank advances to one of its customers an outstanding claim
which it has against a third party, deducting interest and through the sbf assignment of
the claim itself
D. A transaction whereby a bank advances to one of its customers an outstanding claim
which it has against a third party, deducting interest and without the sbf assignment of
the claim itself
67- In this ordinary sbf operation, interest is calculated...
A.
B.
C.
D.
From 1/4 to 31/5
From 1/4 to 14/4
From 1/4 to 15/5
14/4 to 31/5
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68- The current account advance...
A. This is the contract whereby a company assigns its trade receivables to a third party in
exchange for ancillary services and advance payment of the assigned receivables
B. It is comparable to a credit opening secured by a pledge of goods to which certain rules on
bank advances are applied
C. It is the contract by which a bank obliges itself to hold a sum of money at the
disposal of the other party for a certain period of time or indefinitely
D. It is an autonomous loan contract in which the collateral determining the monetary
performance becomes a causal element
69- In mortgage transactions, the French amortisation schedule provides for:
A.
B.
C.
D.
A constant instalment, increasing capital share and decreasing interest share
A constant instalment, decreasing capital share and increasing interest share
A decreasing instalment, constant capital share and decreasing interest share
A decreasing instalment, decreasing capital share and constant interest share
70- In financial leasing the lessee:
A.
B.
C.
D.
It does not assume the risks of obsolescence and ownership
It assumes all risks except perimento
It assumes all risks, including those of loss since the conclusion of the leasing contract
It assumes all risks, including those of perishment only after the redemption of the asset
71- Indirect deposits include:
A. Third-party funds under administration
B. Interbank deposits
C. Securities and other valuables received on deposit for custody, under administration
or in connection with the management of movable assets
D. Funds raised through the provision of insurance services
72- In collection operations, the repo transaction:
A. It is a transaction involving the spot purchase and simultaneous spot sale of securities,
where the return is the difference between the spot purchase and spot sale price
B. It is a forward purchase and simultaneous forward sale of securities, where the return is the
difference between the forward prices
C. It is a forward purchase and simultaneous forward sale of securities, where the return is the
difference between the spot price and the forward price
D. It is a securities lending transaction
73- The collection of savings in securities includes:
A.
B.
C.
D.
Bonds, certificates of deposit, interest-bearing bonds and other securities
Bonds and Certificates of Deposit
Certificates of Deposit and Interest-bearing Bonds
Bonds, certificates of deposit and interest-bearing bonds. May not include securities
other than the above
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74- A bank draft is:
A. A debt instrument containing an unconditional order from the drawer to the bank
(drawee) to pay at sight a sum determined to the order
B. It is a promissory note, issued by the Bank of Italy, containing an unconditional
promise to pay a specified sum on demand at any counter
C. It is a promissory note issued by authorised banks, payable at sight at all counters of the
issuing bank
D. More
75- Credit cards...
A. They are perfectly alternative means to cash
B. They are legitimising documents
C. They allow the payer's bank account to be debited immediately and the paid party's
bank account to be credited
D. They are sight bonds
76- According to the MIFID, clients to whom investment services are provided are categorised
as:
A.
B.
C.
D.
Business and retail customers
Professional and non-professional customers
Professional, eligible counterparties and retail clients
Corporate, SME corporate and retail customers
77- Tactical asset allocation:
A.
B.
C.
D.
Breaks down the investment into macro-classes structured as a benchmark
It represents an example of naive diversification
It necessarily includes market timing or stock picking activities
May include market timing and stock picking activities
78- Financial advice:
A. It is never an investment service
B. Can only be an investment service if provided by entities related to banks, SIMs and SGRs
C. It can be an investment service if it involves personalisation and concerns transactions in a
financial instrument
D. It can be an investment service if it involves customisation and concerns the
definition of asset allocation
79- The combination of insurance and banking products:
A.
B.
C.
D.
Never possible if a bank is selling both
Requires the bank to take shares in an insurance company
It provides the bank with certainty of coverage
It is an example of cross-selling
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80- Among the 'life' insurance products sold independently by banks:
A.
B.
C.
D.
There are only products related to random events in life
There are only pension-type products
There are products linked to random life events and pension-type products
There are products linked to random life events, products not linked to random life
events and pension-type products
81- The transparency rules apply to the transactions and services offered:
a. by Banks and Sims in Italy
b. by Banks in the European Union
c. by Italian banks
d. by Banks in Italy (and financial intermediaries)
82- In consumer financing, the APR corresponds:
a. at the annual nominal interest rate payable by the consumer
b. the total cost of credit, equal to the sum of interest and all charges on the loan
c. the total cost of the credit, expressed as an annual % of the total loan amount
c. at the advertised annual nominal interest rate
83- In current account transactions, the value date on deposits determines:
a. the commencement of interest
b. the availability of the credited sum
c. the accounting balance
d. the commencement of interest and the availability of the credited sum
84- Factoring with recourse:
a. assignment of receivables with transfer of default risk
b. advance on credits guaranteed by third parties
c. advance on receivables guaranteed by a factoring company or a bank
d. assignment of receivables with guarantee by the assignor in case of insolvency of the debtor
85- Medium- and long-term loans are intended for financing:
a. working capital
b. of invested capital
c. of fixed capital
d. of net working capital (if short-term)
86- That is the function of guarantees:
a. to reduce credit risk
b. to replace the credit assessment process in long-term lending operations
c. to allow easier recovery of credit in the event of default by reducing LGD
d. to enable easier debt recovery in the event of insolvency, reducing PD
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87- The purpose of the credit assessment process is:
a. the evaluation of the company's investment projects
b. the assessment of the company's economic, financial and asset situation
c. credit risk assessment
d. the analysis of the company's relations with the banking system
88- The purpose of the budget evaluation process is:
a. the evaluation of the company's investment projects
b. the assessment of the company's economic, financial and asset situation
c. credit risk assessment
89- Investment services are provided by:
a. banks and SIMs (?) => SIMs are part of investment firms.
b. banks and insurance companies
c. banks and investment firms
d. banks and SGRs
90- Signature credit:
a. undertaking by the bank to accept a trade or to guarantee by surety or endorsement an
obligation of the customer
b. commitment by the bank to provide a loan in favour of the customer
c. commitment, undertaken by the bank, to purchase securities issued by the client
d. undertaking, made by the customer, to accept a trade or to guarantee by surety or
endorsement an obligation of a third party
91- Difference between discount transactions and subject-to-security (SBF) transactions:
a. in discounting, the value of the assigned receivables is credited with deferred value date, in
SBF transactions the crediting currency is immediate
b. in discounting the value of the assigned receivables is credited with immediate value date, in
SBF transactions the crediting currency is deferred
c. in the discount the interest is deferred, in the SBF advance the value of the assigned
receivables is credited net of interest
d. in discounting the assigned receivables are represented by bank receipts, in SBF
transactions the receivables are represented by bills of exchange
92- The effective cost of a mortgage is equal to the interest rate taking into account:
a. the annual nominal rate and the amortisation schedule
b. of all charges to be borne by the customer and the amortisation plan
c. of the economic conditions applied by the bank
d. of the advertised economic conditions
93- Indirect deposits include:
a. third-party funds under administration
b. interbank deposits
c. securities and other valuables received on deposit for custody, under administration, or under
concession
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asset management activities
d. funds raised through the provision of insurance services
94- Insurance services combined with banking services include:
a. the protection of collateral
b. traditional and index-linked life insurance policies
c. the protection of collateral and the settlement of loans
d. the extinction of financing
95- In current account transactions:
a. Inter-annual capitalisation of interest is permissible, but the customer must be assured the
same periodicity of capitalisation of interest income and expenses for each individual account
b. Inter-annual capitalisation of interest, as provided for in the Civil Code rules on
anatocistic interest, is prohibited
c. quarterly capitalisation of interest is provided for, but only if the account is a debit account
d. Inter-annual capitalisation of interest is permissible, but the customer must be assured the
same capitalisation frequency of interest income and expenses for all accounts opened with the
same bank
96- Royal guarantees:
a. lien, pledge, surety
b. lien, mortgage, surety, financial guarantee agreement
c. lien, mortgage, pledge, financial security agreement
d. mortgage, pledge, financial guarantee contract
97- Land credit:
a. medium- and long-term loans granted by banks and financial intermediaries engaged
in financing activities, secured by a first mortgage on real estate
b. medium- and long-term loans granted by banks and secured by mortgages on real estate or
other collateral
c. medium- and long-term loans granted by banks and secured by a first mortgage on real estate
d. long-term loans granted by banks and secured by a first mortgage on real estate
98- The collection in titles includes:
a. bonds, certificates of deposit, subordinated loans
b. bonds, certificates of deposit, interest-bearing bonds, repurchase agreements, other securities
c. bonds, interest-bearing bonds, irredeemable loans
d. bonds, certificates of deposit, interest-bearing bonds, other securities
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99- RID:
a. payment by debiting the debtor's current account in favour of the creditor
b. collection of receivables by sending an electronic receipt issued by the creditor
c. collection of debts by inviting the debtor to pay at any bank or post office counter by means
of a special form
d. collection of receivables on the basis of a standing debit order ordered by the debtor
100- Bank contracts must indicate:
a. all clauses governing the contract (all conditions applied)
b. the main rules on transparency
c. the advertised economic conditions
d. only the agreed economic conditions
101- Consider the following SBF (single account) transaction:
DATA RATING OPERATION
1-1
15-3
AMOUNT
PRESENTATION EFFECTS 1000
20-1 20-1
USE OF THE ADVANCE
400
20-2 20-2
PAYMENT
400
The interest charged to the customer is calculated:
a. out of 1000 from 1-1 to 15-3
b. out of 400 from 20-1 to 15-3
c. out of 600 from 20-1 to 20-2
d. out of 400 from 20-1 to 20-2
102- Land credit:
a. long-term financing granted by banks and financial intermediaries engaged in the
business of granting financing secured by a first mortgage on real estate
b. loans granted by banks and secured by mortgages on real estate
c. medium- and long-term loans granted by banks and secured by a first mortgage on real estate
d. medium- and long-term loans granted by banks and secured by a first mortgage
103- Direct collection:
a. funds raised through the issue of own liabilities
b. current account and interbank deposits
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c. current account deposits
d. securities and other valuables received on deposit for custody, under administration,
or in connection with the activity of asset management
104- The bank is not subject to disclosure requirements in the case of:
a. offering services by means of distance communication techniques
b. activity aimed at concluding contracts for composite products
c. activities aimed at the conclusion of individually negotiated contracts
d. offering services to professional clients and eligible counterparties
105- To determine the impact of currencies on the actual cost of an active current account,
it is necessary to calculate:
a. the higher creditor numbers due to the application of currencies
b. the lower creditor numbers due to the application of currencies
c. the lower debtor numbers due to the application of currencies
d. the higher debtor numbers due to the application of currencies
106- In the event of a credit line, the bank may apply:
a. an all-inclusive fee proportional to the credit line granted, or a fast-track processing fee on the
credit line used
b. an all-inclusive fee proportional to the credit line used
c. an all-inclusive fee proportional to the credit granted, provided the customer is not a
consumer
d. an all-inclusive fee proportional to the credit line granted
107- Performance measurement in the management of a client's investment portfolios:
a. must take into account the investment choices made by the client
b. must not take into account the investment choices made by the client
c. must only take into account investment choices made by the client that have resulted in an
d.
increase in the assets under management
must only take into account investment choices made by the client that have resulted in a decrease
in assets under management
108- The bank may distribute:
a. insurance products of insurance subsidiaries
b. insurance products combined with banking operations and services
c. any insurance product
d. life insurance policies and pension funds
109- The dates on which the bank records current account transactions determine:
liquid balances of the account
scale
of the account statement
available to the customer
credit line
used by the customer
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a. the
b. the account balance
c. the balance
d. the
110- In the SBF on currency accrual:
a. interest is calculated on the amount of the credits advanced
b. interest is calculated on the entire amount of the effects presented
c. no interest is calculated because there is no advance payment
d. no interest is calculated until the maturity date of the effects
111- Compared to a mortgage, financial leasing:
a. does not require real or personal guarantees
b. allows the investment to be fully financed
c. is a medium-term financing operation
d. may also be concluded with financial intermediaries other than banks
112- SEPA DIRECT DEBIT:
a. payment by debiting the debtor's current account in favour of the creditor
b. collection of receivables by sending an electronic receipt issued by the creditor
c. collection of debts by inviting the debtor to pay at any bank or post office counter by means
of a special form
d. collection of receivables on the basis of a standing debit order ordered by the debtor
113- Central Guarantee Fund for SMEs:
a. guarantee in favour of the enterprise that has a claim against the P.A.
b. guarantee in favour of the bank on the financing granted to the company
c. capital allowance on the loan granted by the bank to the enterprise
d. interest subsidy on the loan granted by the bank to the enterprise
114- Revolving credit cards are included:
a. in consumer credit agreements if offered by a credit card company
b. in payment services offered by banks to consumers
c. in consumer credit agreements
d. in consumer credit agreements if offered by a bank
115- That is the function of guarantees:
a. to reduce credit risk
b. to replace the overdraft facility in long-term loan operations
c. to allow recovery of the debt in the event of insolvency
d. to increase the rating assigned to the client
116- The Sabatini law is an operation:
a. of subsidised credit
b. medium-term financing
c. of medium- and long-term financing
d. mortgage credit
117- The objective of the fostering process is
a. the valuation of losses in the event of insolvency
b. analysis of the economic, financial and asset situation
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c. analysis of the development of the relationship between bank and customer
d. credit risk assessment
118- Certificates of Deposit:
a. securities for the collection of medium- and long-term savings
b. securities for the collection of savings from consumers
c. securities for the collection of short- and medium-term savings
d. securities for medium- and long-term fundraising in the interbank market
119- The bank:
a. may apply economic conditions that are worse than those advertised, but must send
prior notice to the customer
b. must apply the advertised economic conditions, unless the contract is at
indefinite expiry date
c. cannot apply economic conditions worse than those advertised
d. may apply economic conditions that are worse than those advertised, but the customer has
the right to withdraw from the contract
120- Difference between credit and debit cards:
a. credit cards provide for deferred debiting of payments made during a certain period, debit
cards provide for immediate debiting of each payment with value date on the day the payment is
made
b. credit cards provide for the deferred debit of payments made in a given period in a lump
sum, debit cards allow for the repayment of the balance in instalments
c. credit cards provide for the immediate debit of each payment, debit cards provide for the
deferred debit of payments made in a given period with value date on the day the payment is
made
d. credit cards provide for the deferred debiting of payments made in a given period, debit cards
provide for the immediate debiting of each payment with value date on the day of recording in
the bank's accounts
121- Consider the following discount operation :
CAPITAL = 10000 DEADLINE = 90 days INTEREST =130 DAYS BANK = 5
The Simple Effective Rate is equal to:
a. 5,45 %
b. 5,34 %
c. 5,06 %
d. 5%
122- Transparency rules apply
a. To banking and financial transactions and services
b. To banking operations and services
c. To banking and financial transactions and services that are not individually negotiated
d. To banking transactions and investment services offered by banks
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123- For each transaction and service, the bank must make available to the customer
a. The summary document
b. The information sheet
c. The Practical Guide
d. The list of economic conditions
124- Can the bank apply worse conditions than those published?
a. Yes, but must inform the customer in advance
b. Only in open-ended contracts
c. No
d. Yes, but the customer has the right to withdraw from the contract and have the
advertised conditions applied
125- Bank contracts must indicate
a. The advertised economic conditions
b. Maximum and minimum economic conditions
c. The agreed economic conditions
d. The synthetic cost indicator and the APR
126- The bank may unilaterally change the conditions
a. If this possibility is indicated in the contract
b. In open-ended contracts, in the absence of the right of termination
c. In contracts of duration
d. In open-ended contracts, in the presence of a justified reason
127- The Banking and Financial Arbitrator's decision in favour of the client
a. It is binding on the bank.
b. Not binding on the bank, but failure to comply with the decision and made public
c. Not binding on the bank
d. It is binding on the bank if confirmed by the bank of Italy
128- Bank account
a. Contract by which the bank performs the cash service using funds deposited by customers
b. Contract whereby the bank performs the cash service using funds deposited by customers
or made available to the bank
c. Contract by which a bank or payment institution performs the cash service
d. Contract whereby the bank provides a cash service by granting an overdraft facility
129- In current account transactions, interest expenses
a. They may be counted and capitalised quarterly
b. They are counted annually but cannot be capitalised
c. They are billed annually and can only be capitalised with the client's authorisation
d. They may be counted and capitalised annually
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130- The value date on current account deposits determines
a. The commencement of interest
b. The availability of the sum credited
c. The account balance
d. The commencement of interest and the availability of the credited sum
131- In the event of a credit line, the bank may apply to the customer
a. A fee proportional to the credit granted or a fast-track processing fee on the credit drawn
down
b. A commission proportional to the credit line used
c. A fee proportional to the credit granted provided that the customer is not a consumer
d. A commission in proportion to the credit granted
132- Objective of the fostering process
a. Assessment of Insolvency Losses
b. Economic, financial and asset analysis of the client
c. Credit risk assessment
d. Customer behavioural analysis
133- Non-performing loans
a. Exposures past due or in overdraft for more than 90 days
b. Exposures to insolvent entities
c. Exposures to entities in temporary financial difficulty
d. Exposures to entities in a state of judicially adjudicated insolvency
134- Function of guarantees
a. Credit risk reduction
b. Rating improvement
c. Substitution of the overdraft facility
d. Reduction of losses in the event of insolvency
135- Financial needs of the enterprise
a. Cash flow
b. Net working capital + cash flow
c. Net working capital
d. Invested capital
136- In current account credit facilities, interest is calculated
a. On daily liquid sales
b. On the overdraft facility calculated at year-end
c. On the overdraft granted
d. On daily overdrafts
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137- Difference between discount and s.b.f. transactions:
a. In discounting the value of receivables is credited with deferred value date, in s.b.f.
transactions the value date is immediate
b. In discounting the value of receivables is credited with immediate value date, in s.b.f.
transactions the value date is postponed
c. In discounting, interest is deferred, in s.b.f. transactions it is advanced
d. The discount is a fixed-term transaction, the s.b.f. transaction is a current account transaction
138- Factoring with recourse:
a. Assignment of receivables with transfer of insolvency risk
b. Advance on credits guaranteed by third parties
c. Advance on receivables guaranteed by a bank or factoring company
d. Assignment of receivables with assignor's guarantee in case of insolvency
139- The actual cost of a mortgage is equal to:
a. At the annual nominal rate applied by the bank
b. At an interest rate that takes into account all charges borne by the customer
c. At an interest rate that takes into account the economic conditions applied by the bank
d. At an interest rate that takes into account the advertised economic conditions
140- Signature credit:
a. Commitment of the bank to guarantee an obligation of the client
b. Commitment of the bank to provide a loan to the customer
c. Commitment of the bank to purchase securities issued by the client
d. Customer's undertaking to guarantee an obligation of the bank by way of surety
141- In consumer financing, the APR is equal:
a. At the annual nominal rate indicated in the contract
b. To the total cost of credit expressed as an annual % of the loan amount
c. The total cost of credit calculated as the sum of interest and all charges on the loan
d. To the synthetic cost indicator indicated in the information sheet
142- Direct collection
a. Financial instruments under administration and management on behalf of clients
b. Third-party funds under administration
c. Funds raised through the issue of securities
d. Funds raised through the issue of own liabilities
143- According to the bank resolution rules, banks are subject to bail-in:
a. Deposits with a balance exceeding 100,000 euro
b. Current account deposits for the amount exceeding 100,000 euro
c. Deposits for the amount exceeding 100,000 euro
d. Deposits excluding current accounts
144- Sepa credit transfer
a. Collection of receivables by payment at any bank or post office counter
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through a form sent by the bank
b. Collection of receivables by sending electronic receipts issued by the customer to the bank
c. Permanent debit order given to the customer's bank
d. Payment order in favour of a payee
145- The bank must assess appropriateness in the case of
a. Offering managed investment portfolio services
b. Offering consultancy services to retail customers
c. Sale of financial instruments to retail customers
d. Offering investment services other than investment portfolio management
146- Banks can
a. Distributing insurance products
b. Conducting insurance business as long as the services are combined with banking operations
c. Undertake life insurance business as long as the products are financial in nature
d. Distributing insurance products of subsidiary insurance companies
147- The bank must calculate the synthetic cost indicator
a. in consumer credit transactions
b. in current accounts payable
c. in consumer current accounts and financing transactions
d. in all transactions with retail customers
148- The omnibus surety is valid provided that
a. is not provided for a conditional or future obligation
b. yes in favour of a bank
c. the maximum guaranteed amount is foreseen
d. the guarantor is an entrepreneur
149- The bank that financed the purchase of a machine is guaranteed by
a. lien on the movable property of the purchaser
b. pledge on machinery sold
c. privilege on machinery sold
d. mortgage on machinery sold
150- Difference between operating and financial leasing:
a. in operating leasing, the asset can be redeemed, in financial leasing it cannot be
redeemed
b. operating lease is a lease transaction, financial lease is a financing transaction based on
a lease agreement
c. operating leasing is an operation carried out by banks or specialised financial intermediaries,
financial leasing is an operation carried out by the company producing the leased asset
d. operating leasing is a short-term financing operation, financial leasing is a medium- to longterm operation
151- Factoring:
a. assignment of trade receivables a factoring company
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b. discounting of trade receivables by a factoring company
c. assignment of trade receivables to a bank or factoring company
d. assignment of short-term credit to a bank or factoring company
152- Difference between financial leasing and operating leasing
a. financial leasing only provides for asset redemption
b. financial leasing a medium to long-term operation, operating leasing a short-term
operation
c. only operating leasing a financing transaction
d. only operating leases may be entered into by a non-financial enterprise
153- Signature credit
a. commitment of the bank to guarantee an obligation of the customer
b. the bank's commitment to provide a customer loan
c. commitment of the bank to purchase securities issued by the client
d. undertaking by the customer to secure by surety an obligation of the bank
154- Are the Transparency Rules applicable to Poste Italiane S.p.A.?
a. Yes
b. Limited to insurance activities
c. No
d. Limited to Bancoposta's activities
155- What document contains information on the intermediary, conditions and
characteristics of the service?
a. The information sheet
b. The 'Main Customer Rights' document
c. The Practical Guide
The account statement
d.
156- For which of these cases is it mandatory to draw up the contract in writing?
a. Occasional issuance of bank drafts of less than €5,000
b. Services under contracts drawn up in writing
c. Occasional issuance of bank drafts exceeding €5,000
d. Current account transactions
157- Which contractual clauses are to be considered null and void under the legislation?
a. Clauses on the provision of customer guarantees
b. Terms of Reference to Usages concerning the Interest Rate
c. There are no invalid clauses, only ineffective clauses
Conditions precedent to the effectiveness of the contract
d.
158- If the intermediary proposes a unilateral change, does the client have to pay for the
withdrawal?
a. Yes, but only if the contract provides for it
b. Only if it withdraws after 30 days from the proposal
c. No never, withdrawal is always free
d. Yes, always
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159- Mav:
a. credit collection by sending an electronic receipt issued by the creditor
b. payment by debiting the debtor's current account in favour of the creditor
c. credit collection on the basis of a standing debit order ordered by the debtor
d. credit collection by inviting the debtor to pay at any bank or post office counter by means of
a special form
160- The bank
a. may conclude life insurance contracts
b. may neither conclude contracts nor distribute insurance products, as insurance
business is reserved for insurance companies
c. may distribute insurance products, provided it offers the customer at least
three alternative products
d. may distribute non-life and life insurance products
161- The spot purchase and simultaneous forward sale of securities by the customer is
a. a short-term financing operation
b. a short-term collection operation
c. an investment service
d. a medium-term collection operation
162- APR:
a. total cost of credit for the consumer expressed as an annual % of the total amount of credit
b. summary indicator of the cost of financing transactions for retail customers
c. sum of interest and all charges relating to a credit agreement to be borne by a
consumer
d. total cost of credit for the customer expressed as an annual % of the total
amount of credit
163- The bank may issue bonds
a. respecting the limits set by the civil code
b. no limits on covered bonds
c. without limits
d. with no limits on non-public emissions
164- Indirect deposits include
a. funds raised through the offer of insurance products
b. administered securities and investment portfolio management
c. the collection in securities
d. funds raised from institutional investors
165- Sabatini Law:
a. purchase of machinery with issue of bills of sale backed by reservation of title and secured by
a mortgage with a maturity not exceeding five years
b. purchase of real estate subject to reservation of title and secured by a special lien with a
maturity not exceeding five years
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c. purchase of machinery with issue of bills secured by reservation of title and secured by special
lien with a maturity of more than five years
d. purchase of machinery with issue of bills secured by reservation of title and secured by special
lien with a maturity of five years or less
166- Consider the following current account transaction: deposit of cheques: 50,000, value date:
3 days. If the current account balance is in debit by 3,000, the value date effect determines
a. higher debtor numbers for 4,500
b. higher debtor numbers for 3,000
c. lower creditor numbers for 1,500
d. higher debtor numbers for 1,500
167- According to the bank resolution rules, the following are excluded from the bail-in
a. deposits up to 100,000 euro
b. current account deposits of up to EUR 100,000 by individuals, micro, small and
medium-sized enterprises
c. current account deposits up to EUR 100,000 of individuals, micro, small and
medium-sized enterprises and short-term certificates of deposit
d. current account deposits up to 100,000 euro
168- The breakdown between money market instruments, medium- and long-term debt and
equity securities defines
a. strategic asset allocation in the custody and administration of financial instruments
b. tactical asset allocation in collective asset management
c. strategic asset allocation in investment portfolio management
d. tactical asset allocation in investment portfolio management
169- In the event of a dispute with the bank, the customer
a. must resort to the Banking and Financial Arbitrator
b. may complain to the bank and then appeal to the Banking and Financial Arbitrator
c. may lodge a complaint with the Bank of Italy or the Banking and Financial Arbitrator
d. may lodge a complaint with the bank or appeal to the Banking and Financial Arbitrator
170- Available balance of a current account:
a. account balance plus unavailable transactions
b. account balance minus transactions made but debited at a later date
c. liquid balance minus unavailable transactions
d. accounting balance plus transactions carried out but debited at a later date
171- An increase in the credit line used
a. does not change the available balance
b. decreases the available balance
c. increases the available balance
d. decreases the available balance in the event of an overrun
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172- Guarantees are among the instruments
a. credit risk assessment
b. risk mitigation
c. calculation of internal ratings
d. of reducing the probability of default
173- The fast-tracking fee applies in the case of
a. trespassing
b. overrunning the agreed credit line
c. trespassing by a non-consumer customer
d. overdraft
174- The current account advance transaction is
a. a securities lending transaction
b. a credit facility secured by a pledge
c. a financing transaction secured by listed securities
d. a credit line secured by a personal guarantee
175- As part of the fostering process, budget analysis is aimed at evaluating
a. of the company's overall exposure to banks
b. the foreseeable evolution of operations
c. credit risk
d. profitability and financial and operational risks
176- Difference between discount and sbf transactions:
a. In discounting the value of the assigned receivables is credited with immediate value date, in
sbf transactions the credit value date is deferred
b. in discounting the assigned receivables are represented by bank receipts, in sbf transactions
the receivables are represented by bills of exchange
c. In discounting the value of the assigned receivables is credited with deferred value date, in sbf
transactions the crediting currency is immediate
d. In discounting, interest is deferred, in sbf transactions the value of the assigned receivables
is credited net of interest
177- Payment instruments with guaranteed coverage:
a. bank drafts and transfers
b. bank drafts
c. cheques and transfers
d. bank cheques and transfers
178- Transparency rules apply
a. to banking operations and services offered by Italian banks
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b. banking and financial transactions and services not individually negotiated with the
customer
c. banking and financial transactions and services
d. banking and financial transactions and services and investment services offered
by banks
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