Underwriting Assessment Test Quiz

10 Questions | By Gregorynaomi | Updated: Mar 22, 2022 | Attempts: 1664

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Underwriting Assessment Test Quiz - Quiz

One of the functions of large financial institutions is the provision of underwriting services to their clients. Underwriting service is a guarantee of protection against damage or financial loss. Simply put, the provider of the service will bear responsibility for the liability incurred from loss or damage. Do you know these facts before? Assess your knowledge in this quiz.

Questions and Answers

1.

Which of these is not an issue in underwriting?
- A.
  
  Reward
- B.
  
  Risk
- C.
  
  Interest
- D.
  
  Exclusivity
2.

Which of these is most desirable in underwriting?
- A.
  
  Reward
- B.
  
  Exclusivity
- C.
  
  Risk
- D.
  
  Interest
3.

Which of these is not in consumer loan underwriting?
- A.
  
  Employment history
- B.
  
  Financial statements
- C.
  
  Gross margin
- D.
  
  Salary
4.

Which of these is not in commercial underwriting?
- A.
  
  Profitability
- B.
  
  Revenue trends
- C.
  
  Salary
- D.
  
  Gross margin
5.

Which of these is unrelated to underwriting?
- A.
  
  Commercial paper
- B.
  
  Corporate bonds
- C.
  
  Broker
- D.
  
  Government securities
6.

Which of these may be used to examine the applicant's health status?
- A.
  
  Medical underwriting
- B.
  
  Insurance underwriting
- C.
  
  Risk underwriting
- D.
  
  Hazard underwriting
7.

Which of these is not a form of underwriting?
- A.
  
  Real estate underwriting
- B.
  
  Forensic underwriting
- C.
  
  Subjective underwriting
- D.
  
  Sponsorship underwriting
8.

Which of these institutions raise capital through underwriting?
- A.
  
  Central banks
- B.
  
  Investment banks
- C.
  
  Cooperative societies
- D.
  
  Insurance institutions
9.

What part of underwriting deals with the likelihood of financial loss?
- A.
  
  Exclusivity
- B.
  
  Risk
- C.
  
  Interest
- D.
  
  Reward
10.

Which of these is irrelevant in underwriting?
- A.
  
  Predictive analytics
- B.
  
  Underwriting contract
- C.
  
  Broker influence
- D.
  
  Financial roadshow