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  • Exam Code: IIA-CIA-Part2
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  • Exam Code: IIA-CIA-Part2
  • Exam Name: Practice of Internal Auditing
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NEW QUESTION: 1
You can export a report in Cascade Pilot:
A. For a single chart display from an applied View.
B. For any on-screen displays resulting from one or more applied Views.
C. Only if a View is applied on a trace file.
D. Only in PDF format.
Answer: B

NEW QUESTION: 2
A receiver option on a swap is a swaption that gives the buyer the right to:
A. swap two options between the two counterparties
B. receive the fixed rate and pay a variable rate
C. receive the swap spread in effect on a future date and pay a variable underlying rate
D. pay the fixed rate and receive a variable rate
Answer: B
Explanation:
Explanation
A swaption is an option to enter into a fixed for floating interest rate swap at a point in the future, with the fixed rate decided upfront. These options can be European, Bermudan or American, in terms of what dates the option can be exercised. A receiver option on a swap is an option that gives the buyer the right to enter into a swap and receive the fixed rate and pay the variable rate. In the case of a payer option, the buyer pays the fixed rate and receives the variable rate. One way to remember this is that receiving and paying are terms used with reference to the fixed rates.

NEW QUESTION: 3
In which of the following categories would return on investment be considered when assessing the feasibility of a project?
A. Business feasibility.
B. Operational feasibility.
C. Financial feasibility.
D. Technical feasibility.
Answer: C

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