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Financial Regulatory bodies

Quiz by Danielle Dawson

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9 questions
Show answers
  • Q1
    Which body is responsible for the oversight of insurance companies in the UK?
    Financial Conduct Authority
    Prudential Regulation Authority
    Bank of England
    Financial Reporting Council
    30s
  • Q2
    Which UK regulatory body is responsible for ensuring that banks maintain sufficient capital to manage risks?
    Financial Reporting Council
    Bank of England
    Prudential Regulation Authority
    Financial Conduct Authority
    30s
  • Q3
    What is the primary role of the Financial Conduct Authority (FCA) in the UK?
    To regulate the conduct of financial firms and protect consumers
    To set interest rates
    To develop accounting standards
    To issue bank notes
    30s
  • Q4
    Which UK financial regulatory body is responsible for monetary policy and monetary stability?
    Prudential Regulation Authority
    Financial Conduct Authority
    Financial Reporting Council
    Bank of England
    30s
  • Q5
    Which regulatory body in the UK specifically focuses on protecting consumers in the financial services sector?
    Prudential Regulation Authority
    Financial Reporting Council
    Bank of England
    Financial Conduct Authority
    30s
  • Q6
    Which body is responsible for setting accounting standards in the UK?
    Financial Reporting Council
    Bank of England
    Financial Conduct Authority
    Prudential Regulation Authority
    30s
  • Q7
    Which UK regulatory body is primarily focused on maintaining stability in the financial system?
    Prudential Regulation Authority
    Financial Conduct Authority
    Bank of England
    Financial Reporting Council
    30s
  • Q8
    What is the main purpose of the Bank of England?
    To manage the country's currency and monetary policy
    To issue insurance policies
    To regulate financial firms
    To oversee the stock market
    30s
  • Q9
    Which UK financial regulatory body is responsible for overseeing the conduct of financial firms to protect consumers?
    Bank of England
    Prudential Regulation Authority
    Financial Conduct Authority
    Financial Reporting Council
    30s

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