MIS-selling, The 1980s And Skipton: The Mortgage Solutions News Quiz 30 Aug 2013
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Test your knowledge of the week's news with this quick quiz.
- 1.
Who said, “I lived in the country in the late ‘80s”?
- A.
George Osborne
- B.
Mark Carney
- C.
Antony Jenkins
Correct Answer
B. Mark CarneyExplanation
Mark Carney is the correct answer because he is the only person mentioned in the options who could have potentially lived in the country in the late '80s. George Osborne and Antony Jenkins are not known for their residence during that time period, whereas Mark Carney, as the former Governor of the Bank of England, could have been in the country during that time.Rate this question:
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- 2.
Communication was the top adviser skill valued by clients, according to a survey. What was the least rated?
- A.
Strong technical knowledge
- B.
Acting with integrity
- C.
Low fees
Correct Answer
C. Low feesExplanation
According to the survey, communication was the most valued skill by clients, indicating that clients prioritize effective and clear communication from their advisers. The least rated option, low fees, suggests that clients do not prioritize or value advisers who offer lower fees compared to other skills. This implies that clients prioritize other factors, such as communication, over the cost of services when choosing an adviser.Rate this question:
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- 3.
On what will Skipton Building Society now lend?
- A.
Flats over five storeys high
- B.
Basements with swimming pools
- C.
Ex-council terraced houses
Correct Answer
A. Flats over five storeys highExplanation
Skipton Building Society will now lend on flats over five storeys high. This means that the building society is willing to provide loans or financial support for individuals or developers who are looking to purchase or invest in flats that are taller than five storeys. This decision indicates that Skipton Building Society is comfortable with lending on properties of this particular height and considers them to be a viable investment option.Rate this question:
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- 4.
What proportion of brokers report slowing protection sales this summer?
- A.
23%
- B.
42%
- C.
54%
Correct Answer
B. 42%Explanation
The correct answer is 42%. This means that out of all the brokers surveyed, 42% of them reported a decrease in protection sales during the summer. This suggests that a significant portion of brokers experienced a slowdown in their sales during this period.Rate this question:
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- 5.
Why has the Advertising Standards Authority banned a Money Boomerang mis-selling ad?
- A.
It included the words, “So sue me motherf**ker”
- B.
The actor mumbled the terms and conditions
- C.
It exaggerated possible pay outs
Correct Answer
C. It exaggerated possible pay outsExplanation
The Advertising Standards Authority banned the Money Boomerang mis-selling ad because it exaggerated possible pay outs. This means that the ad made claims about potential earnings that were not realistic or accurate. By exaggerating the pay outs, the ad could have misled consumers and potentially led them to make financial decisions based on false information.Rate this question:
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- 6.
What, according to the Personal Finance Society, annoys advisers the most?
- A.
Clients cancelling appointments
- B.
Claims management companies
- C.
The cost of regulation
Correct Answer
C. The cost of regulationExplanation
Advisers are most annoyed by the cost of regulation, according to the Personal Finance Society. This suggests that the financial regulations imposed on advisers are burdensome and expensive, potentially affecting their profitability and ability to provide affordable services to clients. The cost of regulation could include fees, compliance costs, and the time and resources required to meet regulatory requirements. This annoyance may stem from the perception that the regulations are excessive or unnecessary, leading to frustration among advisers.Rate this question:
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- 7.
Which lender came second in the mortgage lending table this year?
- A.
Barclays
- B.
Nationwide
- C.
The Co-operative
Correct Answer
B. NationwideExplanation
Nationwide came second in the mortgage lending table this year.Rate this question:
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- 8.
Which of the following is most likely to put house hunters off a property?
- A.
Mice
- B.
A notorious former occupant
- C.
Bad smells
Correct Answer
C. Bad smellsExplanation
Bad smells are most likely to put house hunters off a property because they can be difficult to eliminate and can be a sign of underlying issues such as mold, mildew, or poor sanitation. Bad smells can also create an unpleasant living environment and make it difficult for potential buyers to imagine themselves living in the space. Additionally, bad smells can be a turn-off for visitors and can give the impression that the property is not well-maintained or cared for.Rate this question:
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- 9.
The network Sesame lost £9.3m in 2012. How much did it lose in 2011?
- A.
£2.4m
- B.
£6.7m
- C.
It made a profit
Correct Answer
A. £2.4mExplanation
The given answer of £2.4m suggests that the network Sesame also lost £2.4m in 2011. This can be inferred from the fact that the options provided do not include a larger loss amount or a profit, indicating that the loss in 2011 was smaller than the loss in 2012.Rate this question:
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- 10.
According to Mark Carney, what is “not so special”?
- A.
Saffron’s Special Situations range
- B.
The increase in mortgage lending
- C.
The US-UK relationship
Correct Answer
C. The US-UK relationshipExplanation
Mark Carney believes that the US-UK relationship is "not so special." This suggests that he does not view the relationship between the United States and the United Kingdom as being particularly unique or exceptional. It implies that there may be challenges or issues within this relationship that make it less significant or important compared to others.Rate this question:
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Feb 08, 2024Quiz Edited by
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Aug 30, 2013Quiz Created by
Mortgagesolution
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