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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. The process by which a small business is set up as a registered company is known as..?

A) Horizontal diversification.
B) Vertical integration.
C) Incorporation.
D) Codification.

2. Joe should advise the Board that the underwriting administration services information currently in use is most commonly known as a?

A) Accounting Information System
B) Codified Management System
C) Management Information System
D) Transaction Processing System

3. A balance sheet records a company's what?

A) Budgetary variances
B) Net financial position
C) Cash inflows and outflows
D) Profit or loss for the year

4. With the action centred leadership model, a leader that spends too much time focussing on the needs of individuals is most likely to result in a:

A) productive team that fails to achieve its financial targets.
B) supportive environment but where the team doesn't always meet its goals.
C) strong focus on achieving the task at all costs.
D) fully autonomous team with no need for management.

5. Under which Act would it be a civil offence if Mark were to sell his shares following information obtained in May?

A) Financial Services and Markets Act 2000
B) The Bribery Act 2010
C) Companies Act 2006
D) Data Protection Act 2018

Solutions: