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FCIS Specimen A - Final 2022
Financial Studies
Sixth Form (A Levels)
• A1 - AS LevelEmpfohlen für dich
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LIBF Level 3 Certificate in Financial Studies
(CeFS) – 600 / 8537 / X
Unit 1: Financial Capability for the Immediate and
Short Term (FCIS) – T / 504 / 8100
Specimen paper: A
Length of examination: 45 minutes
Instructions to learners
1. Open this question paper when instructed to do so.
2. Answer all questions.
3. Use the examination answer sheets provided for your answers. Please do not note
your answers in this booklet, as they will not be recorded.
4. Read the instructions on both sides of the answer sheet carefully.
5. Before you leave the examination room you must hand in all the examination materials
including the answer sheet and question paper.
Information for learners
1. Silent non-programmable (including scientific) calculators are allowed.
Programmable calculators are not allowed.
This qualification is regulated by the regulatory authorities for England, Wales and Northern Ireland and is incorporated into the Regulated Qualifications Framework (RQF).
Questions begin on page 3
- Which of the following is a function of money?
A means of:
A ensuring stability of value.
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- At which stage of the life cycle is someone most likely to get married and/or have children?
A Young Adult.
B Mature Adult.
C Middle Age.
D Late middle age.
- Which of the following would be included when working out demographic change?
A Debt.
B Marriage.
C Migration.
D Work.
- Which of the following is an external factor during the personal life cycle that will significantly affect an individual's position?
A Attitude to risk.
B Deciding to start a family.
C Increase in the Bank rate.
D Starting a new business.
- The interest rate quoted on a savings account is indicated by which of the following?
A AER.
B APR.
C EAR.
D RPI.
- Which of the following is usually a feature of a savings bond?
A It is for a set period of time.
B It pays a lower rate of interest than an instant access account.
C The rate of interest is variable.
D Withdrawals of funds are not restricted.
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- A key feature of an individual savings account (ISA) is that:
A the interest is always tax-free.
B the interest is paid every three months.
C the interest rate is guaranteed to be no less than the rate of inflation.
D there is no maximum amount that can be deposited each year.
- National Savings and Investments (NS&I) savings products are popular because the money saved is: A 50% guaranteed.
B 75% guaranteed.
C 85% guaranteed.
D 100% guaranteed.
- Which of the following forms of borrowing requires the amount borrowed to be repaid in full every month?
A Charge card.
B Credit card.
C Personal loan.
D Store card.
- Which of the following is usually a feature of a personal loan?
A It is for a fixed period of time.
B It usually lasts between 3 and 15 years.
C The amount borrowed is known as the repayment.
D The interest rate is variable.
- Which of the following is usually the most expensive form of borrowing in terms of the interest rate charged?
A Fixed-rate mortgage.
B Personal loan.
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B The Financial Policy Committee (FPC).
C The Financial Services Compensation Scheme (FSCS).
D The Prudential Regulation Authority (PRA).
- Which of the following best describes a packaged current account?
An account that offers the account holder:
A an interest rate equal to the rate of inflation.
B an interest rate that is 0% above the rate of inflation.
C extra benefits for a monthly fee.
D extra benefits for no monthly fee.
- Which of the following were introduced in 2004 as part of the government's plans for financial inclusion?
A Basic bank accounts.
B Cash ISAs.
C Payday loans.
D 56 days interest free on credit cards.
- Jeffrey has used a card to pay for his shopping, using a contactless card, but the money was not taken from his bank account when he checked later that day. Which type of card did he use?
A Cash.
B Credit.
C Debit.
D Oyster.
- Which of the following applies to pre-paid travel cards?
They:
A are only provided through the Visa brand.
B can be loaded with different currencies.
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C do not allow for the balance to be refunded if the card is stolen.
D only operate within the European Union.
- In a cash flow forecast, which of the following would be an example of mandatory expenditure?
A Council tax.
B Food and drink.
C Gas and electricity.
D Rent.
- Campbell is going on holiday in 9 months and still needs to make the final payment of £2,000. Which of the following will help him to achieve his goal, without borrowing money?
A Account balances.
B Authorised overdraft.
C Cash ISA.
D Cash flow forecast.
- Which of the following is an example of someone living beyond their means?
They:
A earn more than they spend.
B have a surplus budget.
C have problems with HMRC.
D spend more than they earn.
- An administration order in England, Wales or Northern Ireland applies to people who have less than which of the following amounts in unsecured debt?
A £5,000.
B £15,000.
C £65,000.
D £85,000.
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of 33. Cynthia is employed and earns £52,000 a year.
Her NI payments are:
A Class 1 contributions.
B Class 1 and 2 contributions.
C Class 2 contributions.
D Class 2 and 4 contributions.
- Lifelong financial planning in the UK has been affected by changes in the age when men and women can receive a state pension.
From 2020, this age is:
A 60.
B 65.
C 66.
D 67.
- Lifelong financial planning is affected by the length of time a person can expect to live.
In the UK, what is the life expectancy of a female born in 2010?
A 75.
B 79.
C 83.
D 87.
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FCIS Specimen A - Final 2022
Fach: Financial Studies
Sixth Form (A Levels)
• A1 - AS LevelDies ist eine Vorschau
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