10.

Ethical investments (choose the option that best applies):

Select one:

a. Always focus on profits first and foremost

b. Always invest in environmentally friendly companies

c. Are charities that do social good

d. Focus on maximising shareholders wealth but also specifically select firms that embed corporate social responsibility practices in their operations

e. None of the above applies

11.

The definition of Sovereign Wealth Funds (SWFs) includes all the following options except for one (ie. Select the option that does not define SWFs):

Select one:

a. SWFs are special purpose government-controlled investment funds

b. SWFs are government-owned investment funds with their origins mostly derived from fiscal or balance of payment surpluses

c. SWFs are government-owned investment funds with their origins mostly derived from commodity exports

d. SWFs are government-employee pension funds funded by employee/employer contributions.

e. SWFs do not manage foreign currency reserve assets held by monetary authorities for monetary policy purposes

13.

Exchange Traded Funds (ETFs) are all but one of the following-identify which option below does not characterise an ETF:

Select one:

a. Usually very volatile

b. Usually provide a low cost investment

c. Usually track an index

d. Are relatively transparent

e. Typically passive and trade like shares

14.

If a company receives a positive ESG rating (choose the option that best applies):

Select one:

a. This should lead to a lower cost of capital

b. This has no relevance to the cost of capital as ESG ratings are not reliable risk measures

c. This should lead to a higher cost of capital

d. This should lead to no change in the cost of capita

e. This means that the company will automatically be selected by an ethical fund