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Canadian Securities Course Exam 1
- Exam Number/Code : CSC1
- Exam Name : Canadian Securities Course Exam 1
- Questions and Answers : 213 Q&As
- Update Time: 2019-01-10
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NEW QUESTION: 1
Which PRINCE2 principle ensures that members of the project management team know what they are expected to contribute?
A. Defined roles and responsibilities
B. Learn from experience
C. Tailor to suit the project environment
D. Manage by exception
Answer: A
Explanation:
Explanation
Reference https://www.wrike.com/blog/project-management-basics-prince2-explained/
NEW QUESTION: 2
Which of the following comes under the heading of nontraditional mortgage product risks?
A. Reduced documentation adds risk to a mortgage loan.Institutions may rely on reduced documentation in the credit underwriting process.Income and credit verification may not be obtained.Use of reduced documentation should be subject to clear policies that require more documentation when the credit risk rises
B. Amounts credited as recovery on a loan must not exceed all principal, finance charges, and fees previously charged off. Amounts that exceed these must be credited as income
C. Reduced documentation adds risk to a mortgage loan.Institutions may rely on reduced documentation in the credit underwriting process.Income and credit verification may not be obtained.Use of reduced documentation should be subject to clear policies that require more documentation when the credit risk rises
D. Perform
due diligence before entering into third-party
relationships, including a review of the third party's General competence Business practices and operations Reputation Financial capacity Internal controls Record of compliance with laws
Answer: A,C
NEW QUESTION: 3
Which three statements about HSRP operation are true? (Choose three.)
A. The HSRP virtual IP address must be on a different subnet than the routers' interfaces on the same
LAN.
B. HSRP supports up to 255 groups per interface, enabling an administrative form of load balancing
C. The HSRP default timers are a 3 second hello interval and a 10 second dead interval.
D. The virtual IP address and virtual address are active on the HSRP Master router.
E. The HSRP virtual IP address must be the same as one of the router's interface addresses on the LAN.
F. HSRP supports only clear-text authentication.
Answer: B,C,D