It is definitely possible to get full mark in the techniques part, for the element part it is just all base from the lecture notes.
I strongly doubt how hard acst101 test can be anyway. It is the easiest subject I ever had lol
Compare this (element part) to your test, see any significant difference in terms of difficulty.
they can all be done from the lecture notes (the uni one)
[3] 4. In (i) and (iii) write down your answer (in words) in the space provided.
In (ii) indicate whether the statements are true or false by circling your answer.
In (iv) circle the letter representing the most correct answer.
[1] (i) (a) A non-bank institution which accepts deposits from households and
lends mainly for owner occupied housing is called a
___________________________.
(b) _____________________________ raise a larger proportion of their
funding base from non-residents than do any other financial
institutions.
(c) General insurance companies in Australia are regulated by
_____________________________________. (initials not accepted)
(d) Insurance which pays the sum insured if the policyholder develops a
predefined illness or medical condition is called
___________________________.
[1] (ii) (a) For public unit trusts, deregulation has resulted in a
sharp increase in their share of assets of all
financial institutions. TRUE FALSE
(b) Compulsory third party motor vehicle insurance is
issued by a general insurance company. TRUE FALSE
(c) With defined benefit schemes, the amount paid to a
member on retirement comprises all contributions
paid plus income earned by the fund. TRUE FALSE
(d) Life insurance claims experience is less predictable
than for general insurance. TRUE FALSE
[½] (iii) Australian Capital Adequacy Guidelines applying to banks.
How much capital is required to support a $10 million loan to a company
with a credit rating of A-? The risk weighting factor is 50%.
[½] (iv) Which list indicates the ranking of the degree of risk of superannuation funds
from highest to lowest?
(a) balanced growth funds, managed growth funds, capital stable funds
(b) balanced growth funds, capital stable funds, managed growth funds
(c) managed growth funds, capital stable funds, balanced growth funds
(d) managed growth funds, balanced growth funds, capital stable funds
(e) capital stable funds, balanced growth funds, managed growth funds
(f) capital stable funds, managed growth funds, balanced growth funds