1.Single Counterparty Credit Limits (SCCL) builds on top of OCC Lending Limit and Basel

a.True

b.False

2.Advanced IRB approach

a.set the risk weights that banks apply to their exposures to determine RWAs

b.Part of Basel 1

c.banks can use their internal models to assess credit risk

d.banks use their own models to assess the credit risk, setting their own parameters for the models but subject to regulatory approval

3.Which type of credit risk takes into account Prob. Of default?

a.Basel-1

b.Standardized approach

c.IRB Approach

d.None

4.One of the advantages of Buy Now Pay Later

a.Helps build credit rating

b.No hard credit checks

c.High late fees

d.None

5.Government Sponsored Enterprises purchase conforming loans

a.True

b.False

c.Not Applicable

6.Regulation-F includes exposures to Central Clearing Counterparty House (CCP)

a.True

b.False