Code Of Conduct Quiz: MCQ Trivia!
(163).jpg "Code Of Conduct Quiz: MCQ Trivia! - Quiz")
A Code of conduct is a series of rules that encompass the norms, regulations, responsibilities, or appropriate practices of a person or an organization. It protects the business and informs the employees of the company’s expectations. Both employee and employer must follow the rules. If you want to know more about the code of conduct, take this quiz.
- 1.
Which of the following act is prohibited for all FINCA employees?
- A.
Directly or indirectly accepting bribes from customers / clients
- B.
Reasonable business entertainment and gifts or favors of nominal value or those which are appropriate in the circumstances and not intended as an inducement
- C.
Kickbacks or any other improper benefit which could influence their performance
- D.
Both a&c
Correct Answer
D. Both a&cExplanation
The correct answer is "Both a&c." This means that both directly or indirectly accepting bribes from customers/clients and kickbacks or any other improper benefit that could influence their performance are prohibited for all FINCA employees. This ensures that employees maintain ethical behavior and do not engage in any activities that could compromise their integrity or the organization's reputation.Rate this question:
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- 2.
All FINCA Employees must immediately inform their supervisors of any requests by governmental authorities that indicate risks for the organization, or that are unusual or outside the normal scope of the employee’s responsibilities.
- A.
Yes, All Employees should
- B.
No, They should not
Correct Answer
A. Yes, All Employees shouldExplanation
All FINCA Employees should immediately inform their supervisors of any requests by governmental authorities that indicate risks for the organization or are unusual or outside the normal scope of their responsibilities. This is important to ensure transparency and to protect the organization from any potential harm or legal issues. By promptly reporting such requests, employees can help the organization assess and address any potential risks effectively.Rate this question:
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- 3.
Record Keeping and Financial Integrity includes ;
- A.
Compliance with applicable accounting principles and the Company's internal accounting control
- B.
Accurate and complete information shall be given in response to inquiries from the Company's independent auditors.
- C.
Approval of any expense report or other document where the person knows or suspects that any portion of the report is not accurate, is untruthful, or is not in compliance with the Company’s policies.
- D.
All of the above
Correct Answer
D. All of the aboveExplanation
The correct answer is "All of the above" because all three statements mentioned in the options are part of Record Keeping and Financial Integrity. Compliance with accounting principles and internal accounting controls ensures that financial records are accurate and reliable. Providing accurate and complete information to independent auditors is important for maintaining transparency and ensuring the integrity of financial reporting. Finally, approving expense reports or documents that are not accurate or in compliance with company policies can lead to financial misstatements and potential fraud.Rate this question:
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- 4.
Which of the following statement complies with FINCA COC ?
- A.
FINCA Persons shall not work on a political fundraiser or other campaign activity while on Company time and shall not use any Company assets for these activities.
- B.
FINCA Person may require you to contribute to, support or oppose any political group or candidate.
- C.
FINCA shall comply with all applicable Federal, State and laws and the laws in any country in which we operate on lobbying
- D.
Both A & C
Correct Answer
D. Both A & CExplanation
The correct answer is "Both A & C" because both statement A and statement C comply with FINCA COC. Statement A states that FINCA persons shall not work on political fundraisers or campaign activities while on company time and shall not use any company assets for these activities, which aligns with FINCA COC. Statement C states that FINCA shall comply with all applicable federal, state, and local laws, including lobbying laws, which also aligns with FINCA COC. Therefore, both statements A and C are in compliance with FINCA COC.Rate this question:
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- 5.
Information of FINCA that has not been made public shall be kept confidential except as may be necessary in performing authorized duties or by authorization of the ;
- A.
Head business banking
- B.
Chief Executive Officer or Chairman of the Board of Directors
- C.
Head of Training & OD
- D.
Head of HR or Head of Compliance
Correct Answer
B. Chief Executive Officer or Chairman of the Board of DirectorsExplanation
The correct answer is Chief Executive Officer or Chairman of the Board of Directors. These individuals hold the highest positions of authority within the organization and are responsible for making key decisions. Therefore, they may need access to confidential information in order to effectively perform their duties and make informed decisions.Rate this question:
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- 6.
Any employee found to be engaged in, attempting to, or conspiring as to fraud or theft of assets of FINCA or its clients, or attempting to engage in fraud or theft, will be subject to ___________, subject to the rules, regulations or law applicable thereto.
- A.
Penalized monetary and will face deduction in salary
- B.
Immediate termination and criminal prosecution
- C.
Suspension on temporarily basis
- D.
Immediate hold on monthly salary till further notice
Correct Answer
B. Immediate termination and criminal prosecutionExplanation
If any employee is found to be engaged in fraud or theft of assets of FINCA or its clients, or attempting to engage in fraud or theft, they will be immediately terminated from their position and may face criminal prosecution. This means that they will lose their job and may also be subject to legal consequences for their actions. This is a serious offense and the company has a zero-tolerance policy towards such behavior.Rate this question:
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- 7.
A Conflict of interest may be a transaction between FINCA and a FINCA Person or their family members (a Related Party Transaction), a situation which interferes with judgment or duties at FINCA, or use of their position for reasons not in the best interests of FINCA.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because it states that a conflict of interest can occur in various situations such as transactions between FINCA and a FINCA person or their family members, situations that interfere with judgment or duties at FINCA, or the use of their position for reasons not in the best interests of FINCA. This indicates that conflicts of interest can arise in different forms and can potentially compromise the impartiality and integrity of decision-making processes within FINCA.Rate this question:
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- 8.
Which of the following statement is true?
- A.
Receiving gifts services, loans, preferential treatment, or anything of value, including entertainment, should not be accepted from those with whom FINCA conducts business under circumstances that would compromise judgment
- B.
Gifts of nominal value or meals and social invitations that are in keeping with FINCA business ethics, and not unusually expensive or extravagant, may be accepted where necessary for ordinary business relationships
- C.
Any question about the appropriateness of accepting a gift or invitation should be referred to a supervisor, a compliance officer, or the Office of General Counsel
- D.
All of the above
Correct Answer
D. All of the aboveExplanation
The correct answer is "All of the above" because all three statements mentioned are true. The first statement states that receiving gifts or anything of value that could compromise judgment should not be accepted. The second statement allows for the acceptance of gifts of nominal value or meals and social invitations that are in line with business ethics. The third statement advises that any questions about the appropriateness of accepting a gift or invitation should be referred to a supervisor, compliance officer, or the Office of General Counsel. Therefore, all three statements are true.Rate this question:
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- 9.
Which of the following activity can result in a dismissal?
- A.
Sharing the bank’s information with other banks
- B.
Taking bribes from a loan client
- C.
Withdrawing cash from a depositor’s account secretly
- D.
Pocketing the money received from the loan clients at the time and then depositing that money later on once salary is received
- E.
All of the above
Correct Answer
E. All of the aboveExplanation
All of the mentioned activities can result in dismissal because they involve unethical and illegal behavior. Sharing the bank's information with other banks is a breach of confidentiality and can lead to severe consequences. Taking bribes from a loan client is a clear violation of professional ethics and can result in immediate termination. Withdrawing cash from a depositor's account secretly is a serious breach of trust and can lead to legal actions. Pocketing the money received from loan clients and depositing it later is fraudulent behavior and can result in dismissal and potential legal consequences.Rate this question:
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- 10.
FINCA employees partnering with clients in their business is:
- A.
Profitable for the bank
- B.
A violation of the policy
- C.
Allowed as long as the loan instalments are deposited on time
- D.
A reason for dismissal
- E.
B and D both
Correct Answer
E. B and D bothExplanation
The correct answer is B and D both. This means that FINCA employees partnering with clients in their business is both a violation of the policy and a reason for dismissal. This suggests that the bank has a strict policy against employees partnering with clients in their business and considers such behavior as a serious offense that could result in termination.Rate this question:
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- 11.
Giving payments of photo account cheques to the account holder’s guarantor is:
- A.
Ethical since the guarantor can take the payment on behalf of the account holder
- B.
An example of harassment
- C.
An example of theft
- D.
An example of non-compliance of bank’s policies and procedures
- E.
All of the above
Correct Answer
D. An example of non-compliance of bank’s policies and proceduresExplanation
Giving payments of photo account cheques to the account holder's guarantor is an example of non-compliance with the bank's policies and procedures. This is because the bank's policies and procedures would typically require that payments be made directly to the account holder and not to a third party, such as the guarantor. By giving the payment to the guarantor instead of the account holder, the bank is not following its own established rules and guidelines, which is a violation of its policies and procedures.Rate this question:
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- 12.
Verbally abusing and humiliating your employee in case of inefficiency in his/ her work is
- A.
Allowed since the employee is not getting any work done
- B.
Not allowed since it is a fraudulent activity
- C.
Allowed in order to fulfil your goals/targets
- D.
Not allowed since it is intolerable behavior
- E.
B and D both
Correct Answer
D. Not allowed since it is intolerable behaviorExplanation
Verbally abusing and humiliating an employee is not allowed since it is intolerable behavior. It is important to maintain a respectful and professional work environment. Such behavior can have negative effects on the employee's mental well-being, job satisfaction, and productivity. It is essential for employers to address inefficiencies in a constructive and supportive manner rather than resorting to abusive or humiliating tactics.Rate this question:
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Current Version
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Mar 22, 2023Quiz Edited by
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Aug 18, 2016Quiz Created by
FDAPakistan1
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