The Mortgage Solutions News Quiz

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Quizzes Created: 8 | Total Attempts: 650
| Attempts: 92
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  • 1/10 Questions

    Who described the Help to Buy scheme as a "bubble” followed by a “desert”?

    • UK Chancellor George Osborne
    • Council of Mortgage Lenders chief Paul Smee
    • Mayor of London Boris Johnson
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About This Quiz


Test your knowledge of the week's events with this quick quiz. And please keep us updated on your scores in the comments box below.

The Mortgage Solutions News Quiz - Quiz

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  • 2. 

    Who warned Europe it was facing a “decade of stagnation”?

    • Ex-Italian prime minister Silvio Berlusconi

    • Bank of Canada director Mark Carney

    • Eurovision Song Contest presenter Graham Norton

    Correct Answer
    A. Bank of Canada director Mark Carney
    Explanation
    The correct answer is Bank of Canada director Mark Carney. Mark Carney warned Europe that it was facing a "decade of stagnation." As the director of the Bank of Canada, Carney had expertise in economic matters and was in a position to provide insights on the state of the European economy. His warning indicated that he believed Europe would experience a prolonged period of economic stagnation, which could have significant implications for the region's economic growth and stability.

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  • 3. 

    Where did a dodgy British will-writer turn up this week and what did he claim was his name?

    • Australia; Gary Lewis

    • Canada; Nigel Farage

    • Canada; Gary Barton

    Correct Answer
    A. Australia; Gary Lewis
    Explanation
    The dodgy British will-writer turned up in Australia this week and claimed that his name was Gary Lewis.

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  • 4. 

    What did housing minister Mark Prisk suggest landlords needed to do to comply with his proposed immigration regulations?

    • Check their tenant's passport

    • Stamp their tenant's passport

    • All of the above, plus questioning

    Correct Answer
    A. Check their tenant's passport
    Explanation
    The correct answer is to check their tenant's passport. This means that housing minister Mark Prisk suggested that landlords should verify the immigration status of their tenants by inspecting their passports. This is in line with the proposed immigration regulations, as it would help ensure that only individuals with legal immigration status are renting properties.

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  • 5. 

    What did pro-Scottish independence campaigners describe the UK government's report on independence and financial services as?

    • A pile of pish

    • Very interesting

    • A hasty rewrite

    Correct Answer
    A. A hasty rewrite
    Explanation
    Pro-Scottish independence campaigners described the UK government's report on independence and financial services as "A hasty rewrite." This suggests that they believe the report was rushed and not thoroughly revised. It implies that the report may lack accuracy or credibility due to its rushed nature.

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  • 6. 

    How many Bank of Ireland customers gained a reprieve from the interest rate hike this week?

    • 1,200

    • 13,500

    • 7

    Correct Answer
    A. 1,200
    Explanation
    1,200 Bank of Ireland customers gained a reprieve from the interest rate hike this week. This means that out of all the Bank of Ireland customers, 1,200 of them were exempted from the increase in interest rates.

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  • 7. 

    How far did Irish gross mortgage lending plummet after the government withdrew tax reliefs for new borrowers?

    • By 25%

    • By 60%

    • By 70%

    Correct Answer
    A. By 70%
    Explanation
    After the government withdrew tax reliefs for new borrowers in Ireland, gross mortgage lending experienced a significant decline. The correct answer indicates that Irish gross mortgage lending plummeted by 70%. This suggests that the removal of tax reliefs had a substantial impact on the mortgage market, leading to a sharp decrease in lending activity.

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  • 8. 

    Which international economic figure is facing questioning over allegations of embezzlement and fraud?

    • Bank of England governor Mervyn King

    • International Monetary Fund chief Christine Lagarde

    • European Central Bank president Mario Draghi

    Correct Answer
    A. International Monetary Fund chief Christine Lagarde
    Explanation
    International Monetary Fund chief Christine Lagarde is facing questioning over allegations of embezzlement and fraud. This suggests that she is being investigated or accused of committing these crimes. The other options, Bank of England governor Mervyn King and European Central Bank president Mario Draghi, are not mentioned in relation to any allegations of embezzlement and fraud.

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  • 9. 

    Which challenger bank plans to launch in Scotland in June?

    • Metro Bank

    • Aldermore

    • Bank of Mum and Dad

    Correct Answer
    A. Aldermore
    Explanation
    Aldermore is the correct answer because it is the only option among the given choices that is a challenger bank. Metro Bank is not a challenger bank, and Bank of Mum and Dad is not a bank at all. Therefore, Aldermore is the only logical choice for the challenger bank planning to launch in Scotland in June.

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  • 10. 

    Which musical did MP Richard Bacon quote to describe  the self-build market?

    • Oliver; "It's a hard-knock life for us"

    • Les Mis: "There is a castle on a cloud"

    • Chitty Chitty Bang Bang; “When it’s depressing, it’s a blessing”

    Correct Answer
    A. Chitty Chitty Bang Bang; “When it’s depressing, it’s a blessing”

Quiz Review Timeline (Updated): Jul 2, 2024 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Jul 02, 2024
    Quiz Edited by
    ProProfs Editorial Team
  • May 24, 2013
    Quiz Created by
    Mortgagesolution
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