RPP Quiz Competition- Final Round

Which of the following statements best describes risk?

• Uncertainty when looking to the future

• Clarity in future decisions

• Uncertainty when looking at the past

• Certainty of not suffering harm or loss

............... risk management means attempting to control, as much as possible, future outcomes by acting proactively rather than reactively.

• Effective

• Integrated

• Reactive

• Strategic

The statutory minimum reserves of capital which a bank or other financial institution must have available is..........

• Capital Adequacy

• Capital Management

• Capital Reserves

• Capital Minimum

The maximum amount of cash that can be deposited at a teller is ………

• JMD $99,000

• JMD $1,000,000

• JMD $150,000

• JMD $500,000

External stakeholders are all except ...........

• Regulators

• Rating agencies

• Employees

• Community groups

This department adjudicates loans, monitors customers default and assesses credit card applications.

• Credit risk

• Card operations

• Treasury

• Compliance

Who is the head of the ERM & Group Compliance Department?

• Chorvelle Johnson-Cunningham

• Tara Nunes

• Tracy-Ann Spence

• Caren Scott-Dixon

AFSL is a primary agent of which major international money transfer service provider?

• Western Union

• MoneyGram

• XOOM

• RIA

Which of these is considered a money laundering red flag?

• Depositing JMD $5,000 in your bank account

• Adding money to your policy and withdrawing it shortly after

• Making 2 deposits to your account on the same day

• Making 4 online transfers on the same day

Which Sagicor subsidiary offers general insurance?

• Sagicor Life Insurance

• General Accidents

• AGIC

• Sagicor Life Cayman Island