1.
What did the Property Care Association chief say Japanese knotweed was NOT?
Correct Answer
B. House cancer
Explanation
The Property Care Association chief stated that Japanese knotweed is NOT "house cancer." This suggests that Japanese knotweed, a type of invasive plant, is not a threat to the structural integrity or safety of houses. The term "house cancer" may be a metaphorical expression used to emphasize the destructive nature of Japanese knotweed, but the chief is clarifying that it does not pose a direct risk to houses like cancer does to the human body.
2.
Which of the following are Britain’s buy-to-let hotspots?
Correct Answer
C. Leeds, Nottingham and Southend
Explanation
Leeds, Nottingham, and Southend are considered Britain's buy-to-let hotspots. This means that these cities have a high demand for rental properties and are attractive for property investors. The specific reasons for these cities being hotspots may include factors such as a growing population, strong rental yields, good rental market conditions, and potential for capital appreciation.
3.
A financial adviser swindled a widow out of more than £100,000. How much did he manage to pay back?
Correct Answer
A. £5
Explanation
The financial adviser managed to pay back only £5 out of the more than £100,000 he swindled from the widow.
4.
Which member of the Monetary Policy Committee opposed forward guidance?
Correct Answer
B. Martin Weale
Explanation
Martin Weale opposed forward guidance.
5.
What was revealed this week to boost local house prices?
Correct Answer
C. Football stadiums
Explanation
This week, it was revealed that football stadiums have the potential to boost local house prices. The presence of a football stadium in a neighborhood can bring various economic benefits, such as increased tourism, job opportunities, and improved infrastructure. These factors can contribute to the desirability of the area, leading to an increase in demand for housing and subsequently driving up house prices.
6.
According to government figures, which part of the UK saw house prices fall the furthest this year?
Correct Answer
A. Scotland
Explanation
According to government figures, house prices in Scotland fell the furthest this year compared to Northern Ireland and Wales.
7.
What percentage of brokers are happy with their current network or club?
Correct Answer
B. 31%
Explanation
31% of brokers are happy with their current network or club. This means that almost one-third of brokers have a positive satisfaction level with their current professional affiliation. It indicates that a significant portion of brokers find value and contentment in their network or club, suggesting that these organizations may provide valuable resources, support, and opportunities for their members.
8.
What does ratings agency Fitch judge to be “unlikely”?
Correct Answer
B. An RBS 'bad bank'
Explanation
Fitch, the ratings agency, considers an RBS 'bad bank' to be unlikely. This implies that Fitch does not believe that RBS will create a separate entity to hold its riskier assets, known as a 'bad bank'. Fitch's assessment suggests that they do not see this as a viable option or strategy for RBS.
9.
Average rent in the UK is now at £826 per month. How much is it in London?
Correct Answer
A. £1,297
Explanation
The correct answer is £1,297. This is the average rent in London. It is higher than the average rent in the UK as a whole, which is £826 per month.
10.
Which of the following was one of former Bank of England governor Mervyn King’s retirement gifts?
Correct Answer
C. A £10,000 portrait of himself
Explanation
Former Bank of England governor Mervyn King received a £10,000 portrait of himself as one of his retirement gifts. This suggests that he was honored and valued by his colleagues and the institution he served. A portrait is a common way to commemorate and celebrate an individual's achievements and contributions. It is also a symbol of respect and recognition for his service as the governor of the Bank of England.