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1st year Chapter 7-11

Total questions: 15

Worksheet time: 5mins

Name
Class
Date
1.

Tax that must be paid on any interest earned on savings in a deposit account is called

a)

AER

b)

CAR

c)

PAYE

d)

DIRT

2.

Which of the following can you NOT borrow money from

a)

Credit Union

b)

Allied Irish Bank

c)

Aviva

d)

An Post

3.

What does AER stand for

a)

Annual Equality Rate

b)

Annual Equivalent Rate

c)

Actual Equivalent Rate

d)

Annual Equivalent Ratio

4.

Which of the following is NOT one of the 3 R's of Redress

a)

Redistribute

b)

Replace

c)

Repair

d)

Refund

5.

Which is an example of a long term loan?

a)

Hire purchase

b)

Leasing

c)

Mortgage

d)

Credit Card

6.

Meeting the needs of the present without stopping future generations is called:

a)

Ethical development

b)

Sustainable development

c)

Globalisation

d)

CSR

7.

Who examines complaints from people who feel they have been unfairly treated by a public body?

a)

Trade associations

b)

Small Claims court

c)

CCPC

d)

Ombudsman

e)

CAI

8.

An application form for insurance is called

a)

Proposal Form

b)

Insurance form

c)

Premium form

d)

Insurance Policy

9.

Fill in the blank: Sale of Goods and Supply of services act _________

a)

1970

b)

1980

c)

1990

d)

1985

10.

Which of the following is NOT a principle of insurance?

a)

Contribution

b)

Indemnity

c)

Subrogation

d)

Assurance

11.

Fill in the blank: Basic premium + ________ - discounts= Total premium

a)

Percentage

b)

Loading

c)

No claim bonus

d)

Compensation

12.

Which of the following is NOT under the Consumer Protection Act 2007

a)

Anti-consumer practices

b)

Information about prices

c)

Competition

d)

Advertising

13.

To calculate how much will be paid to the insured person we use

a)

Premium calculations

b)

Claim calculations

c)

No claims bonus

d)

Average clause

14.

Which of the following is NOT proof of purchase

a)

The method of payment

b)

Date and time

c)

Your Name

d)

The total amount paid

15.

A sum of money that is owed or overdue is called:

a)

Money to be paid back

b)

Wages

c)

Debt

d)

Leasing