96. Which regulatory body is responsible for overseeing the securities industry in Australia?
a. Reserve Bank of Australia (RBA)
b. Australian Securities and Investments Commission (ASIC)
c. Australian Prudential Regulation Authority (APRA)
d. Australian Competition and Consumer Commission (ACCC)
97. What is the purpose of a financial disclosure statement?
a. Assessing the creditworthiness of individuals and businesses
b. Providing insurance coverage for financial assets
c. Disclosing relevant financial information to stakeholders for transparency
d. Regulating the activities of insurance companies
98. What is the role of a tax advisor?
a. Providing loans to individuals and businesses
b. Assessing the creditworthiness of borrowers
c. Offering tax planning and compliance services
d. Regulating interest rates in the banking sector
99. Which of the following is a characteristic of a bear market?
a. Rising stock prices and increased investor confidence
b. Declining stock prices and pessimistic investor sentiment
c. Low inflation and increased purchasing power
d. High interest rates and economic expansion
100. What is the purpose of a financial education program?
a. Providing loans to individuals and businesses for educational purposes
b. Offering insurance coverage for educational expenses
c. Promoting financial literacy and knowledge among individuals and communities
d. Regulating the activities of educational institutions in the financial sector
