Test your industry knowledge

The Review's Quick Quiz features questions from CISI Professional Refresher, an online learning tool.

This popular product consists of 60 modules covering topics including anti-money laundering, the UK Bribery Act and information security and data protection.
  1. Which of the following is not included within the definition of a packaged product?
    1. A life policy
    2. A unit in an unregulated collective investment scheme
    3. A stakeholder pension
    4. A personal pension
  2. One of the fundamental purposes of the Data Protection Act is to:

    1. Protect business information, such as tenders and bids, which could be valuable to competitors
    2. Protect individuals by giving them the right to know what information is held about them by organisations
    3. Protect an organisation from legal action if an individual whose data is lost sues the company
    4. Protect an organisation’s financial data, before they publish the annual results
  3.  What is the maximum penalty for committing a money laundering offence?
    1. A £10,000 fine and two years in prison
    2. A £15,000 fine
    3. Ten years in prison
    4. 14 years in prison and/or an unlimited fine
  4. How frequently does interest on bonds accrue?
    1. Daily
    2. Weekly
    3. Monthly
    4. Half-yearly

Access to Professional Refresher is available on an annual licence basis. The full suite of modules is free to CISI members or £250 for non-members.

Answers: 1: B; 2: B; 3: D; 4: A

Published: 26 Aug 2014
Categories:
  • Financial Planning
  • Capital Markets & Corporate Finance
  • Wealth Management
  • Islamic Finance
  • Integrity & Ethics
  • Compliance, Regulation & Risk
  • News
Tags:
  • Quiz
  • Knowledge

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Further Information

  • If your or your firm would like to find out more about Professional Refresher, visit cisi.org/refresher or contact the CISI on +44 20 7645 0777.