Financial CFSA Exam (page: 13)
Financial Certified Services Auditor (CFSA)
Updated on: 25-Dec-2025

Viewing Page 13 of 65

Details: DOMAIN II-AUDITING FINANCIAL SERVICES PRODUCTS

Which one of the following is/are NOT the type of retirement plans that banks may administer?

  1. Pension plans
  2. Self-employed retirements trust
  3. Group retirement accounts
  4. Post-requirement accounts

Answer(s): C,D




Details: DOMAIN II-AUDITING FINANCIAL SERVICES PRODUCTS

Bank may serve as trustee or custodian for pension and profit sharing plans that self- employed individuals establish for them selves and their employees. These types of trust are referred to as:

  1. Defined benefit plans
  2. Keogh plans
  3. Individual retirement account
  4. None of these

Answer(s): B




Details: DOMAIN II-AUDITING FINANCIAL SERVICES PRODUCTS

Which one of the following activities is not related to the trust committee activities that should be reviewed?

  1. Whether regular meetings are held and documented by meeting minutes
  2. Whether the trust committee contains at least one member who is not a bank officer
  3. Whether there is adequate oversight of the trust committee's activities by board of directors
  4. None of these

Answer(s): D




Details: DOMAIN II-AUDITING FINANCIAL SERVICES PRODUCTS

When the maturity date of the annuity arrives, the insurer begins making a series of payment to the annuitant over a stated period (Known as ).

  1. Accumulation period
  2. Lump-sum payment period
  3. Payment release period
  4. Pay-out period

Answer(s): D




Details: DOMAIN II-AUDITING FINANCIAL SERVICES PRODUCTS

Annuities provide the annuitants with .

  1. Tax-deferred earnings
  2. Tax-accrued earnings
  3. Tax-free earnings
  4. Maximum level of earnings

Answer(s): A




Details: DOMAIN II-AUDITING FINANCIAL SERVICES PRODUCTS

Surrender charges usually apply only if the annuity has been in free:

  1. For a year
  2. For a maximum period of time
  3. For a minimum period of time
  4. For less than a year

Answer(s): C




Details: DOMAIN II-AUDITING FINANCIAL SERVICES PRODUCTS

"Insurers guarantee a minimum rate of interest dunning the time that the account is growing and periodic payment amounts of a specified amount for a stated period (either specific period 10 years indefinite period etc)." This statement is related to:

  1. Variable annuities
  2. Life time annuities
  3. Term period annuities
  4. Fixed annuities

Answer(s): D




Details: DOMAIN II-AUDITING FINANCIAL SERVICES PRODUCTS

The actual amount of payment the annuitant pays is based on:

  1. Amount of money invested and interest rate
  2. Length of the time principle has been invested
  3. No of annuity payment to be made
  4. All of the above

Answer(s): D



Viewing Page 13 of 65



Share your comments for Financial CFSA exam with other users:

Cath 10/10/2023 10:09:00 AM

q.112 - correct answer is c - the event registry is a module that provides event definitions. answer a - not correct as it is the definition of event log
VIET NAM


Shiji 10/15/2023 1:31:00 PM

good and useful.
INDIA


Ade 6/25/2023 1:14:00 PM

good questions
Anonymous


Praveen P 11/8/2023 5:18:00 AM

good content
UNITED STATES


Anastasiia 12/28/2023 9:06:00 AM

totally not correct answers. 21. you have one gcp account running in your default region and zone and another account running in a non-default region and zone. you want to start a new compute engine instance in these two google cloud platform accounts using the command line interface. what should you do? correct: create two configurations using gcloud config configurations create [name]. run gcloud config configurations activate [name] to switch between accounts when running the commands to start the compute engine instances.
Anonymous


Priyanka 7/24/2023 2:26:00 AM

kindly upload the dumps
Anonymous


Nabeel 7/25/2023 4:11:00 PM

still learning
Anonymous


gure 7/26/2023 5:10:00 PM

excellent way to learn
UNITED STATES


ciken 8/24/2023 2:55:00 PM

help so much
Anonymous


Biswa 11/20/2023 9:28:00 AM

understand sql col.
Anonymous


Saint Pierre 10/24/2023 6:21:00 AM

i would give 5 stars to this website as i studied for az-800 exam from here. it has all the relevant material available for preparation. i got 890/1000 on the test.
Anonymous


Rose 7/24/2023 2:16:00 PM

this is nice.
Anonymous


anon 10/15/2023 12:21:00 PM

q55- the ridac workflow can be modified using flow designer, correct answer is d not a
UNITED STATES


NanoTek3 6/13/2022 10:44:00 PM

by far this is the most accurate exam dumps i have ever purchased. all questions are in the exam. i saw almost 90% of the questions word by word.
UNITED STATES


eriy 11/9/2023 5:12:00 AM

i cleared the az-104 exam by scoring 930/1000 on the exam. it was all possible due to this platform as it provides premium quality service. thank you!
UNITED STATES


Muhammad Rawish Siddiqui 12/8/2023 8:12:00 PM

question # 232: accessibility, privacy, and innovation are not data quality dimensions.
SAUDI ARABIA


Venkat 12/27/2023 9:04:00 AM

looks wrong answer for 443 question, please check and update
Anonymous


Varun 10/29/2023 9:11:00 PM

great question
Anonymous


Doc 10/29/2023 9:36:00 PM

question: a user wants to start a recruiting posting job posting. what must occur before the posting process can begin? 3 ans: comment- option e is incorrect reason: as part of enablement steps, sap recommends that to be able to post jobs to a job board, a user need to have the correct permission and secondly, be associated with one posting profile at minimum
UNITED KINGDOM


It‘s not A 9/17/2023 5:31:00 PM

answer to question 72 is d [sys_user_role]
Anonymous


indira m 8/14/2023 12:15:00 PM

please provide the pdf
UNITED STATES


ribrahim 8/1/2023 6:05:00 AM

hey guys, just to let you all know that i cleared my 312-38 today within 1 hr with 100 questions and passed. thank you so much brain-dumps.net all the questions that ive studied in this dump came out exactly the same word for word "verbatim". you rock brain-dumps.net!!! section name total score gained score network perimeter protection 16 11 incident response 10 8 enterprise virtual, cloud, and wireless network protection 12 8 application and data protection 13 10 network défense management 10 9 endpoint protection 15 12 incident d
SINGAPORE


Andrew 8/23/2023 6:02:00 PM

very helpful
Anonymous


latha 9/7/2023 8:14:00 AM

useful questions
GERMANY


ibrahim 11/9/2023 7:57:00 AM

page :20 https://exam-dumps.com/snowflake/free-cof-c02-braindumps.html?p=20#collapse_453 q 74: true or false: pipes can be suspended and resumed. true. desc.: pausing or resuming pipes in addition to the pipe owner, a role that has the following minimum permissions can pause or resume the pipe https://docs.snowflake.com/en/user-guide/data-load-snowpipe-intro
FINLAND


Franklin Allagoa 7/5/2023 5:16:00 AM

i want hcia exam dumps
Anonymous


SSA 12/24/2023 1:18:00 PM

good training
Anonymous


BK 8/11/2023 12:23:00 PM

very useful
INDIA


Deepika Narayanan 7/13/2023 11:05:00 PM

yes need this exam dumps
Anonymous


Blessious Phiri 8/15/2023 3:31:00 PM

these questions are a great eye opener
Anonymous


Jagdesh 9/8/2023 8:17:00 AM

thank you for providing these questions and answers. they helped me pass my exam. you guys are great.
CANADA


TS 7/18/2023 3:32:00 PM

good knowledge
Anonymous


Asad Khan 11/1/2023 2:44:00 AM

answer 10 should be a because only a new project will be created & the organization is the same.
Anonymous


Raj 9/12/2023 3:49:00 PM

can you please upload the dump again
UNITED STATES