DIPFS Unit 3 Paper A

Which of the following is a credit reference agency?

• Experian.
• Money Dashboard.
• MoneyHelper.
• StepChange.

Which of the following budgeting methods requires all funds to be allocated?

• Bucket-based budgeting.
• Pot-based budgeting.
• Target-based budgeting.
• Zero-based budgeting.

Dave budgeted £800 to be in his bank account at the end of the month, but he has £1,000. Which of the following could be a reason for this?

• An unexpected bill was due.
• Higher inflation.
• Overestimated income.
• Overestimated expenditure.

Financial institutions sometimes show tolerance towards people who are experiencing difficulties in meeting their mortgage repayments. This is known as:

• loan forbearance.
• loan lenience.
• loan patience.
• loan permission.

Kevin has been struggling to pay his debts for a while and has ignored the warnings from his creditors. As a result, they have taken him to court to resolve the issue. Which of the following can the court issue?

• Administration order.
• Debt management plan.
• Debt relief order.
• Individual voluntary arrangement.

A real GDP growth rate means that it has been adjusted to take into account the:

• balance of payments.
• exchange rate.
• rate of inflation.
• rate of unemployment.

Car insurance companies are contributing to helping the environment by offering lower premiums to:

• fuel-efficient cars.
• older drivers.
• safer drivers.
• smaller engines.

Financial services providers should support an individual's sustainability by encouraging them to:

• arrange an overdraft.
• invest in a unit trust.
• open a notice savings account.
• open a savings account.

Which of the following is an example of a movement that is based on a consideration of the producers in developing countries?

• Consumer Welfare.
• Ethical investments.
• Fair Trade.
• Green Consumer.

What was the maximum proportion of the purchase price of a property that was given to a customer under the government's Help to Buy: equity loan?

• 65%.
• 75%.
• 85%.
• 95%.