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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

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

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

2. An insurer has committed a breach, under the General Data Protection Regulation (GDPR). Within what maximum period must the breach be reported to the Information Commissioner's office?

A) 72 hours.
B) 24 hours.
C) 7 calendar days.
D) 30 calendar days.

3. The internal rate of return is most commonly used to measure the...?

A) current return on equity.
B) viability of undertaking future projects.
C) claims settlement time.
D) solvency coverage ratio.

4. What is the minimum period of notice which must be given by a company to its shareholders of the annual general meeting?

A) 60 days.
B) 14 days.
C) 21 days.
D) 30 days.

5. Which financial document will the CEO use to obtain the solvency margin?

A) The management accounts.
B) The cash flow statement.
C) Balance sheet.
D) The income statement.

Solutions: