• CACS 1 (Set A)

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    8 Aug 2024

    CACS 1 Exam Question

    Enhanced Due Diligence measures should be performed under all of the following situations except where there are:

    a) holdmail service requests from the client.

    b) complex structures involved.

    c) non-face-to-face business relationships.

    d) any tax-related reports from media sources on the client.

  • CACS 1 (Set B)

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    8 Aug 2024

    CACS 1 Exam Question

    Which of the following statements is FALSE with regards to a client’s tax?

    a) Covered Entities should ensure that clients acknowledge in writing that they are responsible for their own tax affairs.

    b) Covered Entities can require clients to provide any information relating to their tax affairs.

    c) Covered Entities can only assess the tax-risk profile of the client after completing the onboarding process of the client.

    d) A Covered Person can ask additional questions and verify that the client’s funds are not proceeds from tax crimes.

  • CACS 2 (Set A)

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    8 Aug 2024

    CACS 2 Exam Question

    Which of the following risks are inherent in money market instruments?

    a) Liquidity risk.

    b) Reinvestment risk.

    c) Currency risk.

    d) Default risk.

  • CACS 2 (Set B)

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    8 Aug 2024

    CACS 2 Exam Question

    A flat yield curve is formed when there is a little or no difference between short and long term yields and this indicates that:

    a) investors are unsure about future economic growth and inflation.

    b) investors expect sluggish economic growth and lower inflation.

    c) investors expect strong future economic growth and higher future inflation.

    d) investors expect a higher rate of return when lending money for a longer period of time.


 

General Insurance

 

  • BCP (Set1)

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    8 Aug 2024

    BCP Exam Question

    Which of the following is a method used to ensure that an insured person does not get more than an indemnity by claiming for the same loss or damage from two insurance policies?

    a) Subrogation.

    b) Sublet.

    c) Right of Lien.

    d) Assignment.

  • BCP (Set2)

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    8 Aug 2024

    BCP Exam Question

    What is the most effective method of reinsurance, that an insurer can use, to protect itself against an aggregate of various small losses, but for which can be cumulatively substantial?

    a) Surplus Treaty

    b) Quota Share Treaty

    c) Proportional Facultative

    d) Excess of Loss Ratio Treaty

  • ComGI (Set1)

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    8 Aug 2024

    ComGI Exam Question

    The underwriting information required for Theft Insurance include all of the following except:

    a) Type of goods to be insured.

    b) Location where goods are stored.

    c) Experience of staff or caretakers who oversee the goods.

    d) Previous claims experience.

  • ComGI (Set2)

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    8 Aug 2024

    ComGI Exam Question

    Which expense cannot be claimed under Business Interruption Insurance?

    a) Staff payroll in the event of business interruption.

    b) Rental expenses in the event of business interruption.

    c) Fees to engage assessors to formulate and negotiate a claim.

    d) Fees to engage a professional accountant to produce proof for claim.

  • PGI (Set1)

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    8 Aug 2024

    PGI Exam Question

    Which of the following will be insured under a Packaged Household Insurance policy?

    a) Loss or damage to the property owing to its own fermentation and natural heating.

    b) Loss or damage of property by subsidence and landslip.

    c) Confiscation or requisition of property by order of the government authority.

    d) Loss or damage to the insured’s domestic helper’s clothing.

  • PGI (Set2)

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    8 Aug 2024

    PGI Exam Question

    Which type of liability is covered under Personal Liability Insurance?

    a) Liability arising from the accidental death of a third-party.

    b) Liability assumed by the insured under contractual agreement.

    c) Liability arising from the ownership of a building by the insured.

    d) Liability in respect of injury/damage arising from any business of the insured.


 

Health Insurance

 

  • Health Insurance (Set1)

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    8 Aug 2024

    Health Insurance Exam Question

    What is the Final Expense Benefit of a medical insurance policy?

    a) A benefit to waive the last payment of a hospital bill.

    b) A waiver of the deductible and co-insurance should death occur to the insured.

    c) A fixed amount of cash benefit given to the insured post-hospitalisation.

    d) A waiver of the medical expenses should treatment not cost more than a certain amount.

  • Health Insurance (Set2)

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    8 Aug 2024

    HI Exam Question

    The maximum period for which disability payouts are payable to the insured in respect of one disability period is known as the:

    a) exception period

    b) benefit period

    c) elimination period

    d) disability period


 

FMRP

 

  • FMRP (Set1)

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    8 Aug 2024

    FMRP Exam Question

    Which of the following describes the situation whereby an employee executes a personal trade in advance of a client’s or institutional order to benefit from an anticipated movement in the market price following the execution of a large trade?

    a) Front riding.

    b) Back running.

    c) Overriding.

    d) Front running.

  • FMRP (Set2)

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    8 Aug 2024

    FMRP Exam Question

    Any third-party rendering support for revaluation of a transaction is expected to assume specific responsibility.

    a) True.

    b) Not true.

    c) Not true unless these services are contractually governed.

    d) Not true if inter alia is practiced.


 

CM

 

  • CM-EIP (Set 1)

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    8 Aug 2024

    CM-EIP Exam Question

    Which of the following statements are NOT true regarding Single Stock Futures (SSFs)?

    a) In a short SSF position, the investor is obligated to deliver the stock.

    b) SSF will closely follow the underlying stock's movement.

    c) SSF contracts can usually be financed by margin.

    d) SSFs are futures contracts between two parties to exchange a specified number of stocks in a company for a price agreed today.

  • CM-EIP (Set 2)

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    8 Aug 2024

    CM-EIP Exam Question

    Which of the following types of bonds have the highest volatility?

    a) High coupon rate

    b) Short term to maturity

    c) Low yield to maturity

    d) High coupon rate and short term to maturity

  • CM-SIP (Set 1)

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    8 Aug 2024

    CM-SIP Exam Question

    Which of the following statements is NOT true regarding foreign exchange swap agreements?

    a) It is a contract in which one party borrows one currency from one party and simultaneously lends another currency to another party.

    b) Each party uses the repayment obligation to its counterparty as collateral and the amount of repayment is fixed at the foreign exchange forward rate as determined by the contract.

    c) Foreign exchange swaps can eliminate foreign exchange rate risks.

    d) Foreign exchange swaps have counter-party risks.

  • CM-SIP (Set 2)

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    8 Aug 2024

    CM-SIP Exam Question

    Which of the following statements regarding futures is false?

    a) Futures are traded in contracts.

    b) Each futures contract has a standard size which is set by the futures exchange it trades on.

    c) Not all futures have an underlying asset.

    d) Some futures require delivery of the actual commodity.



 

RES

 

  • CMFAS RES 1A (Set 1)

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    8 Aug 2024

    CMFAS RES 1A Exam Question

    A contract made on SGX-ST can be cancelled only if:

    a) delivery fails

    b) payment is not made on delivery

    c) the share registrar refuses to register a transfer

    d) the CMS licence holders to an error trade have agreed to the cancellation

  • CMFAS RES 1A (Set 2)

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    8 Aug 2024

    CMFAS RES 1A Exam Question

    The expense ratio refers to the ongoing costs of operating a fund by fund managers expressed as a percentage of the fund's:

    a) average net assets

    b) total net assets

    c) average return on investment

    d) total return on investment

  • CMFAS RES 1B (Set 1)

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    8 Aug 2024

    CMFAS RES 1B Exam Question

    A Representative must not directly or indirectly deal in securities which involve no change of beneficial ownership unless it is a:

    a) swap sale

    b) wash sale

    c) trade sale

    d) time sale

  • CMFAS RES 1B (Set 2)

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    8 Aug 2024

    CMFAS RES 1B Exam Question

    Which of the following goods and services qualify as acceptable soft dollar receipts?

    a) Premises expenses

    b) Employees' salaries.

    c) Direct money payment.

    d) Referral fees under a referral agreement.