financial inclusion quiz show. question the 2014 afi global policy forum | global partnerships,...

FINANCIAL INCLUSION QUIZ SHOW

2

Question

THE 2014 AFI GLOBAL POLICY FORUM | GLOBAL PARTNERSHIPS, NATIONAL GOALS, EMPOWERING PEOPLE

Which of the following answers is 100% correct?

The general definition of financial inclusion:

a. is synonymous to microfinance (formal and informal), but it includes consumer protection policy initiatives

b. refers only to financial services offered by the regulated financial sector

c. excludes all forms of shadow banking

d. covers the demand and supply side of the financial sector

Time allowed: 30 seconds

3THE 2014 AFI GLOBAL POLICY FORUM | GLOBAL PARTNERSHIPS, NATIONAL GOALS, EMPOWERING PEOPLE

The correct answer is…

4

Correct Answer


Which of the following answers is 100% correct?

The general definition of financial inclusion:

d. covers the demand and supply side of the financial sector

5

Question


According to the latest Findex survey data by the World Bank, what is the second most frequently cited reason for not having account among women worldwide?

a. Lack of enough money to use an account

b.Lack necessary documentation

c. Family member already has an account

d.Religious reasons


7

Correct Answer


According to the latest Findex data by the World Bank, what is the second most frequently cited reason for not having account among women worldwide?

c.Family member already has an account.

8

Question


The first Chair of the AFI Steering Committee was:

a. Governor Tarisa Watanagase from Bank of Thailand

b. Her Majesty Queen Maxima of the Netherlands

c. AFI Executive Director Alfred Hannig

d. Bill Gates

e. Governor Njuguna Ndung’u from Central Bank of Kenya

f. Governor Amando Tetangco from Central Bank of Philippines

Time Allowed: 25 seconds

10

Correct Answer


The first Chair of the AFI Steering Committee was:

e. Governor Njuguna Ndung’u from Central Bank of Kenya

Question


In 2012, the Financial Action Task Force (FATF) published revised Special Recommendations on Terrorist Financing. How many FATF Special Recommendations on Terrorist Financing are there?

Time allowed: 25 seconds11

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13

Correct Answer


In 2012, the Financial Action Task Force (FATF) published revised Special Recommendations on Terrorist Financing. How many FATF Special Recommendations on Terrorist Financing are there?

9 FATF Special Recommendations on Terrorist Financing

14

Question


According to IFC-McKinsey MSME database, how many formal SMEs have a formal bank account worldwide?

a. 10%

b. 50%

c. 70%

d. 100%


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16

Correct Answer


According to IFC-McKinsey MSME database, how many formal SMEs have a formal bank account worldwide?

c. 70%

17

Question


AFI is launching its AFI Capacity Building Program in 2014. What are the 4 pillars of the AFI Capacity Building Program?

Time allowed: 1 minute

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19

Correct Answer


The 4 pillars of the AFI Capacity Building Program are:

- Joint Learning Program

- Member Training

- Peer Advisory Service

- Secondment Program

20

Question


AFI is launching its AFI Capacity Building Program in 2014.

List two AFI pilot Programs for Capacity Building


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22

Correct Answer


The 2 AFI pilot Programs for Capacity Building are:

- The International Week of Financial Inclusion hosted by Banco Central do Brazil in Brasilia

- BNM Training hosted by Bank Negara Malaysia in Kuala Lumpur

Question


The G 20 Peer Learning Program is a:

a. Initiative to promote learning among G 20 and non-G 20 countries on financial inclusion issues

b. Multi Donor Funding Facility financed by G 20 countries to support national financial inclusion initiatives by non G 20 countries

c. Program to facilitate peer learning among G 20 countries

d. Initiative to promote peer learning among countries on national financial inclusion strategy formulation and coordination

Time allowed: 20 seconds 23

24



Correct Answer


The G 20 Peer Learning Program is a:

d. Initiative to promote peer learning among countries on national financial inclusion strategy formulation and coordination

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26

Question


For the purpose of measurement, financial inclusion is usually categorized into 3 dimensions.

List the 3 dimensions of financial inclusion.


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28

Correct Answer


The 3 dimensions of financial inclusion are:

- Access

- Usage

- Quality

29

Question


Which AFI member country in the Caribbean recently released a new guideline in 2013 on electronic retail payment services that allow for e-money?

a. Haiti

b. Jamaica

c. Trinidad and Tobago

d. Dominican Republic


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31

Correct Answer


Which AFI member country in the Caribbean recently released a new guideline in 2013 on electronic retail payment services that allow for e-money?

b. Jamaica

32

Question


What is the percentage of AFI’s institutional commitments to the Maya Declaration include specific targets on financial literacy?

a.25 %

b.50 %

c.75 %

d.90 %


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34

Correct Answer


What is the percentage of AFI’s institutional commitments to the Maya Declaration include specific targets on financial literacy?

c. 75 %

35

Question


The Bill & Melinda Gates Foundation supported the usage of GIS to map financial services location in several countries (FSP map). In which of the following countries are the maps currently available?

(There is more than one correct answer. Identify all of them to earn a score.)

a. Nigeria

b. Peru

c. Bangladesh

d. Uganda

e. Zambia


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37

Correct Answer


The Bill & Melinda Gates Foundation supported the usage of GIS to map financial services location in several countries (FSP map). In which of the following countries are the maps currently available?

(There is more than one correct answer. Identify all of them to earn a score.)

a.Nigeria

c.Bangladesh

d.Uganda

38

Question


Which country is the latest addition to AFI membership?


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40

Correct Answer


Which country is the latest addition to AFI membership?

Seychelles

41

Question


In 2012, the Financial Action Task Force (FATF) published revised Special Recommendations on Terrorist Financing. Which one is NOT FATF Special Recommendations?

a. Assessing risks & applying a risk-based approach

b. Confiscation and provisional measures

c. Increasing international financial institution’s capital base by 5%

d. Financial institution secrecy laws


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43

Correct Answer


In 2012, the Financial Action Task Force (FATF) published revised Special Recommendations on Terrorist Financing. Which one is not FATF Special Recommendations?

c. Increasing international financial institution’s capital base by 5%

44

Question


In the recent global survey: IFC Jobs Study: Assessing Private Sector Contributions to Job Creation and Poverty Reduction, SMEs stated the following three issues as their top constraints:

a. Access to Finance

b. Electricity

c. Competition from informal firms

Among those constraints, which has been stated as the most severe by SMEs?


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46

Correct Answer


In the recent global survey: IFC Jobs Study: Assessing Private Sector Contributions to Job Creation and Poverty Reduction, SMEs stated the following three issues as their top constraints:


b. Electricity

c. Competition from informal firms

Among those constraints, which has been stated as the most severe by SMEs?


47

Question


The AFI FIDWG ‘Core Set’ is a limited set of quantitative indicators that capture the status of financial inclusion within a country. The Core Set was developed by the FIDWG and adapted by the AFI network. How many indicators are contained in the Core Set?

a. 7

b. 10

c. 3

d. 5


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49

Correct Answer


How many indicators are contained in the Core Set?

a. 7

50

Question


Which guideline notes on MFS were issued by the MFSWG in 2014?

a. Supervision and Oversight of Mobile Financial Services

b. Consumer Protection in Mobile Financial Services

c. Mobile-Enabled Cross Border Remittances

d. Interoperability

e. All of the above

f. None of the above


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52

Correct Answer


Which guideline notes on MFS were issued by the MFSWG in 2014?

e. All of the above

53

Question


Name at least two of the top three thematic areas of the commitments to the Maya Declaration


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55

Correct Answer


The top three thematic areas of the commitments to the Maya Declaration are:

1. Digital financial services

2. Financial literacy

3. Data and measurement

56

Question


Which is the first institution to have formally joined AFI network?

a. Central Bank of Kenya

b. Comisión Nacional Bancaria y de Valores, Mexico

c. Bangko Sentral ng Pilipinas

d. Superintendencia de Banca, Seguros Y AFP del Perú

e. Bank Indonesia


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58

Correct Answer


Which is the first institution to have formally joined AFI network?

c. Bangko Sentral ng Pilipinas

59

Question


Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, how much would you have?

a. More than 110

b. 102 to 110

c. Less than 102


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61

Correct Answer


Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, how much would you have?

a. More than 110


Tie Breakers

62

Tie-breaking Question


Under the Maya Declaration, which AFI member institution made a commitment to promote psychometric approach to evaluation of credit score?


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64

Correct Answer


Under the Maya Declaration, Which AFI member institution made a commitment to promote psychometric approach to evaluation of credit score?

SBS del Peru made a commitment to promote psychometric approach to evaluation of credit score.

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In 2012, the Mexican G20 Presidency launched the G20 Peer Learning Program for National Financial Inclusion Strategies. How many countries committed to develop national Financial Inclusion Strategies under the Program?


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67

Correct Answer


In 2012, the Mexican G20 Presidency launched the G20 Peer Learning Program for National Financial Inclusion Strategies. How many countries committed to develop national Financial Inclusion Strategies under the Program?

17

68



Which of the following region has the most quantified targets under the Maya Declaration?

a. Sub-Saharan Africa

b. Asia-Pacific

c. Latin America and the Caribbean

d. Middle East and North Africa


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70

Correct Answer


Which of the following region has the most quantified targets under the Maya Declaration?

a.Sub-Saharan Africa

71



The CEMCWG has 5 priority areas: Institutional Framework & Supervision, Sales & Market Practices, Transparency and disclosures

What are the other two priority areas that the Consumer Empowerment & Market Conduct focus on?


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73

Correct Answer


The other two priority areas that the Consumer Empowerment & Market Conduct focus on are:

- Avenues for Help & Redress

- Financial literacy/Education

74

Tie-breaker Question


In 2012, the Mexican G20 Presidency launched the G20 Peer Learning Program for National FI Strategies.

List 3 countries which committed to the program and have already published their national strategies or framework.

Time allowed: 45 seconds75



76

Correct Answer


In 2012, the Mexican G20 Presidency launched the G20 Peer Learning Program for National FI Strategies.

List three countries which committed to the program and have already published their national strategies or framework.

Brazil, Chile, Fiji, Indonesia, Malawi, Mexico, Nigeria, Peru, Tanzania, Turkey, and Uruguay

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