Fraud, WMD And Stephen Hester! Trivia Questions Quiz
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Test your knowledge of the week's events with this quick quiz.
Questions and Answers
- 1.
Less than a fifth of Brits believe banks are well run. What was the proportion in 1983?
- A.
35%
- B.
68%
- C.
90%
Correct Answer
C. 90% -
- 2.
Which of the following will English pupils study in future?
- A.
The Help to Buy scheme
- B.
Financial products and interest rates
- C.
How to achieve a bank bail-out
Correct Answer
B. Financial products and interest ratesExplanation
English pupils will study financial products and interest rates in the future because it is important for them to have a basic understanding of the financial system and how it works. This knowledge will help them make informed decisions about their personal finances and also prepare them for potential careers in finance or related fields. Understanding financial products and interest rates is crucial for managing money effectively and navigating the complex world of investments and loans.Rate this question:
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- 3.
By how much does RICS want house inflation to be capped?
- A.
5%
- B.
6.5%
- C.
10%
Correct Answer
A. 5%Explanation
RICS wants house inflation to be capped at 5%. This means that they believe that the rate at which house prices increase should be limited to a maximum of 5% per year. This is likely because they want to ensure that house prices remain affordable and stable, preventing excessive price increases that could lead to a housing bubble or affordability crisis. By capping house inflation at 5%, RICS aims to create a more sustainable and balanced housing market.Rate this question:
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- 4.
TSB bank launched this week. Who originally established it?
- A.
Reverend Robert Runcie
- B.
Reverend Henry Duncan
- C.
Father Duncan O'Reilly
Correct Answer
B. Reverend Henry DuncanExplanation
Reverend Henry Duncan is the correct answer because he is the original founder of TSB bank.Rate this question:
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- 5.
What, according to a think-tank this week, does not look healthy?
- A.
The Help to Buy mortgage guarantee scheme
- B.
George Osborne's new hairstyle
- C.
Medium-term prospects for growth
Correct Answer
C. Medium-term prospects for growthExplanation
According to a think-tank this week, the medium-term prospects for growth do not look healthy. This suggests that the think-tank has analyzed the current economic conditions and predicted that there will be limited or negative growth in the near future. This could be due to various factors such as economic indicators, market trends, or government policies that may hinder economic progress.Rate this question:
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- 6.
Who or what is running a poetry competition, and what is the theme?
- A.
Mark Carney; female bankers
- B.
Newbury Building Society; mutual respect
- C.
The Financial Conduct Authority; regulation
Correct Answer
B. Newbury Building Society; mutual respectExplanation
The Newbury Building Society is running a poetry competition with the theme of mutual respect.Rate this question:
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- 7.
Why, according to rumours, did the Treasury force Stephen Hester out of RBS?
- A.
He wanted to crank up repossessions
- B.
He clashed with them over capital requirements
- C.
They didn’t want to pay him anymore
Correct Answer
C. They didn’t want to pay him anymoreExplanation
The Treasury forced Stephen Hester out of RBS because they didn't want to pay him anymore. This suggests that there might have been a disagreement or dissatisfaction with Hester's compensation package, leading to the decision to remove him from his position.Rate this question:
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- 8.
What are not ‘exotic weapons of financial mass destruction’?
- A.
High LTV mortgages
- B.
Mortgage-backed securities
- C.
Syrian pension funds
Correct Answer
A. High LTV mortgagesExplanation
High LTV mortgages are not considered 'exotic weapons of financial mass destruction' because they refer to loans with a high loan-to-value ratio, meaning the borrower has a small down payment and a large loan amount. While these mortgages can pose risks, such as potential default, they are not as complex or inherently risky as mortgage-backed securities, which played a significant role in the 2008 financial crisis. Syrian pension funds, on the other hand, are unrelated to the concept of exotic weapons of financial mass destruction.Rate this question:
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- 9.
Vince Cable said house prices were rising sharply in London, the South East and where?
- A.
North East Scotland
- B.
South West Wales
- C.
Manchester
Correct Answer
A. North East ScotlandExplanation
Vince Cable stated that house prices were increasing significantly in London and the South East. The question asks for the third location where house prices were rising sharply, and the correct answer is North East Scotland.Rate this question:
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- 10.
A landlord has been jailed for a multi-million pound fraud. What was his former job?
- A.
A bank teller
- B.
A packager
- C.
A policeman
Correct Answer
C. A policemanExplanation
The correct answer is A policeman. This is because the question states that the landlord has been jailed for a multi-million pound fraud, implying that he was involved in criminal activity. As a former policeman, he would have had access to knowledge and resources that could have facilitated such a fraud.Rate this question:
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Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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May 29, 2023Quiz Edited by
ProProfs Editorial Team -
Sep 13, 2013Quiz Created by
Mortgagesolution
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