. BCP ComGI PGI . . . CM-CIS CM-EIP CM-LIC CM-LIP CM-SIP .
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CACS 1 (Set A)
SGD 39.90 Add to cart5 Apr 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.
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CACS 1 (Set B)
SGD 39.90 Add to cart5 Apr 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.
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CACS 2 (Set A)
SGD 39.90 Add to cart5 Apr 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.
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CACS 2 (Set B)
SGD 39.90 Add to cart5 Apr 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
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BCP (Set1)
SGD 39.90 Add to cart5 Apr 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.
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BCP (Set2)
SGD 39.90 Add to cart5 Apr 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
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ComGI (Set1)
SGD 39.90 Add to cart5 Apr 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.
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ComGI (Set2)
SGD 39.90 Add to cart5 Apr 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.
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PGI (Set1)
SGD 39.90 Add to cart5 Apr 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.
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PGI (Set2)
SGD 39.90 Add to cart5 Apr 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
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Health Insurance (Set1)
SGD 39.90 Add to cart5 Apr 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.
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Health Insurance (Set2)
SGD 39.90 Add to cart5 Apr 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
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FMRP (Set1)
SGD 39.90 Add to cart5 Apr 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.
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FMRP (Set2)
SGD 39.90 Add to cart5 Apr 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
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CM-CIS (Set 1)
SGD 39.90 Add to cart5 Apr 2024
CM-CIS Exam Question
Which of the following actions can be taken to secure a price now to protect against future declining prices of a commodity?
a) Go long on the commodity futures contract.
b) Go short on the commodity futures contract.
c) Sell all existing stock of the commodity.
d) Buy more stock of the commodity.
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CM-CIS (Set 2)
SGD 39.90 Add to cart5 Apr 2024
CM-CIS Exam Question
Structured Funds have which of the following types of characteristics compared to other types of wrappers?
a) High administrative cost.
b) Capital guaranteed.
c) Flexibility.
d) Transparency.
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CM-EIP (Set 1)
SGD 39.90 Add to cart5 Apr 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.
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CM-EIP (Set 2)
SGD 39.90 Add to cart5 Apr 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
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CM-LIC (Set 1)
SGD 39.90 Add to cart5 Apr 2024
CM-LIC Exam Question
Which of the following is NOT true regarding banker’s acceptances?
a) They are used to facilitate international commercial trade transactions.
b) They represent a claim on the issuing bank.
c) They have no maturity date.
d) They are issued at a discount to face value.
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CM-LIC (Set 2)
SGD 39.90 Add to cart5 Apr 2024
CM-LIC Exam Question
When the futures price is higher than the spot price, the situation is known as:
a) Contango.
b) Backwardation.
c) Basis.
d) Variation.
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CM-LIP (Set 1)
SGD 39.90 Add to cart5 Apr 2024
CM-LIP Exam Question
Which of the following should be performed if one intends to retain the full financial responsibility of a risk?
a) Buying insurance.
b) Selling insurance.
c) Setting aside adequate emergency funds.
d) Implementing preventive measures.
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CM-LIP (Set 2)
SGD 39.90 Add to cart5 Apr 2024
CM-LIP Exam Question
Which of the following products are classified as products designed to protect capital?
a) Bonus certificates.
b) Equity-linked notes.
c) Reverse convertible bonds.
d) Discount certificates.
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CM-SIP (Set 1)
SGD 39.90 Add to cart5 Apr 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.
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CM-SIP (Set 2)
SGD 39.90 Add to cart5 Apr 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
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CMFAS RES 1A (Set 1)
SGD 39.90 Add to cart5 Apr 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
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CMFAS RES 1A (Set 2)
SGD 39.90 Add to cart5 Apr 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
