20:00

PDF|

Guide for CEMAP Mock Test

Quiz CEMAP Mock Test

10/329 Questions|Updated on 2024/08/18
Free Test
/ 10

Quiz

1/10
Economic Environment
Banks and building societies perform an important economic function by
Select the answer
1 correct answer
A.
using short-term deposits to fund long-term loans.
B.
using long-term deposits to fund short-term loans.
C.
collecting tax from savings.
D.
raising public awareness of financial issues.

Quiz

2/10
Customer Needs Analysis
Within an investment portfolio, some capital would be kept on deposit to provide
Select the answer
1 correct answer
A.
a hedge against inflation.
B.
a readily accessible source of money.
C.
for long-term growth.
D.
the capital to pay any Capital Gains Tax liability.

Quiz

3/10
Mortgage Products
Individual investors wishing to invest in commercial property will usually do so by investing in
Select the answer
1 correct answer
A.
collective funds.
B.
direct property purchase.
C.
property derivatives.
D.
the Land Registry House Price Index.

Quiz

4/10
Mortgage Calculations
Each payment under a standard repayment mortgage loan consists of
Select the answer
1 correct answer
A.
amounts of capital and interest which vary throughout the mortgage term.
B.
interest only, with the capital repayment being paid separately at the end of the mortgage term.
C.
amounts of capital and interest which are fixed throughout the mortgage term.
D.
capital only, with the interest due being paid separately at the end of the mortgage term.

Quiz

5/10
Regulatory Framework
Unit trusts are strictly governed by a set of terms. In what document are these terms defined?
Select the answer
1 correct answer
A.
Trust Certificate.
B.
Trust Deed.
C.
Contract Letter.
D.
Contract Note.

Quiz

6/10
Economic Environment
Which body is responsible for setting UK base rates?
Select the answer
1 correct answer
A.
The Bank of England
B.
The European Central Bank.
C.
The International Monetary Fund
D.
The Treasury Select Committee.

Quiz

7/10
Customer Needs Analysis
What is the main reason for investing in equities?
Select the answer
1 correct answer
A.
There is a guaranteed increase in income levels.
B.
There is a potential for long-term growth.
C.
There is no liability to tax.
D.
To provide short-term security.

Quiz

8/10
Mortgage Products
Why is it important to stress to a first-time buyer that his mortgage loan will be secured against his main residence?
Select the answer
1 correct answer
A.
Gains on the property are only exempt from Capital Gains Tax if the mortgage is secured against the property.
B.
The purchase is only exempt from Stamp Duty Land Tax when the loan is secured against the property.
C.
If he fails to maintain the mortgage loan repayments, he could lose his home.
D.
If he fails to maintain the mortgage loan repayments, he will be unable to declare himself bankrupt.

Quiz

9/10
Mortgage Calculations
What happens to the capital outstanding during the duration of an interest-only mortgage?
Select the answer
1 correct answer
A.
It reduces by an even amount each year.
B.
Most capital is repaid towards the beginning of the term.
C.
Most capital is repaid towards the end of the term.
D.
It remains the same.

Quiz

10/10
Regulatory Framework
Duckworth Processors plc take out a key person term assurance plan for 3 years on the life of their chief designer. Which statement BEST describes the tax position?
Select the answer
1 correct answer
A.
Premiums may be allowed as a business expense and, if so, policy proceeds are taxable.
B.
Premiums may be allowed as a business expense;policyproceeds are always tax-free.
C.
Premiums are not allowed as a business expense,butpolicy proceeds are tax-free.
D.
Premiums are not allowed as a business expense,andpolicy proceeds are taxable.
Looking for more questions?Buy now

CEMAP Mock Test Practice test unlocks all online simulator questions

Thank you for choosing the free version of the CEMAP Mock Test practice test! Further deepen your knowledge on Educational Practice Test Simulator; by unlocking the full version of our CEMAP Mock Test Simulator you will be able to take tests with over 329 constantly updated questions and easily pass your exam. 98% of people pass the exam in the first attempt after preparing with our 329 questions.

BUY NOW

What to expect from our CEMAP Mock Test practice tests and how to prepare for any exam?

The CEMAP Mock Test Simulator Practice Tests are part of the Educational Practice Test Database and are the best way to prepare for any CEMAP Mock Test exam. The CEMAP Mock Test practice tests consist of 329 questions divided by 5 topics and are written by experts to help you and prepare you to pass the exam on the first attempt. The CEMAP Mock Test database includes questions from previous and other exams, which means you will be able to practice simulating past and future questions. Preparation with CEMAP Mock Test Simulator will also give you an idea of the time it will take to complete each section of the CEMAP Mock Test practice test . It is important to note that the CEMAP Mock Test Simulator does not replace the classic CEMAP Mock Test study guides; however, the Simulator provides valuable insights into what to expect and how much work needs to be done to prepare for the CEMAP Mock Test exam.

BUY NOW

CEMAP Mock Test Practice test therefore represents an excellent tool to prepare for the actual exam together with our Educational Practice Test practice test . Our CEMAP Mock Test Simulator will help you assess your level of preparation and understand your strengths and weaknesses. Below you can read all the quizzes you will find in our CEMAP Mock Test Simulator and how our unique CEMAP Mock Test Database made up of real questions:

Info quiz:

  • Quiz name:CEMAP Mock Test
  • Total number of questions:329
  • Number of questions for the test:50
  • Pass score:80%
  • Number of topics:5 Topics
Study topics:Number of questions:
  • Customer Needs Analysis:39 Questions
  • Economic Environment:114 Questions
  • Mortgage Calculations:6 Questions
  • Mortgage Products:44 Questions
  • Regulatory Framework:126 Questions

You can prepare for the CEMAP Mock Test exams with our mobile app. It is very easy to use and even works offline in case of network failure, with all the functions you need to study and practice with our CEMAP Mock Test Simulator.

Use our Mobile App, available for both Android and iOS devices, with our CEMAP Mock Test Simulator . You can use it anywhere and always remember that our mobile app is free and available on all stores.

Our Mobile App contains all CEMAP Mock Test practice tests which consist of 329 questions that are divided by 5 topics and also provide study material to pass the final CEMAP Mock Test exam with guaranteed success. Our CEMAP Mock Test database contain hundreds of questions and Educational Practice Test Tests related to CEMAP Mock Test Exam. This way you can practice anywhere you want, even offline without the internet.

BUY NOW