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Corporate Package (China Construction Bank)
SGD 0.00 Add to cartCorporate Package for China Construction Bank Users:
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M1B Set 1 (100 Questions + Answers)
M1B Set 2 (100 Questions + Answers)Corporate Package at 20% discount to normal price
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FMRP Set 1
SGD 29.90 Add to cart2 July 2020
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 Set 2
SGD 29.90 Add to cart2 July 2020
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.
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FMRP Set 3
SGD 29.90 Add to cart2 July 2020
FMRP Exam Question
When there is a dispute with a counterparty that results in an open risk position on the trade executed, which of the following actions should be done first?
a) The open position should be closed out.
b) The open position should be adjusted according to the newly agreed terms.
c) MAS should be informed immediately.
d) The dispute should be resolved immediately between both parties.
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FMRP Set 4
SGD 29.90 Add to cart2 July 2020
FMRP Exam Question
Which of the following is NOT true regarding Asian Currency Unit (ACU)?
a) It has to maintain its own separate accounting.
b) Total assets/liabilities shall not exceed the limit fixed by MAS.
c) Letters of Credit must be expressed in SGD.
d) Borrowing can be done in any currency except SGD.
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M1A Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M1A 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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M1A Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M1A 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
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M1A Set 3
SGD 29.90 Add to cart2 July 2020
M1A Exam Question
There is no change in beneficial ownership of a security if:
a) a person has no interest in the securities before the purchase or sale.
b) a person has no interest in the securities before the sale.
c) a person who had an interest in the securities before the purchase or sale continues to have an interest in the securities after the purchase of sale.
d) a person who had an interest in the securities before the purchase or sale ceases to have an interest in the securities after the purchase of sale.
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M1A Set 4
SGD 29.90 Add to cart2 July 2020
M1A Exam Question
Which of the following types of companies do not list their shareholders and the owner is the person who holds the share certificate?
a) Private Equity companies.
b) Bearer Share companies.
c) Sole Proprietorship.
d) Unlisted companies.
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M1B Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M1B Exam Question
A Representative must not directly or indirectly deal in securities which involve no change of beneficial ownership. The Representative’s only defence is if he or she can show that they had no reason to suspect that the transaction was a:
a) swap sale
b) wash sale
c) trade sale
d) time sale
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M1B Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M1B 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.
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M1B Set 3
SGD 29.90 Add to cart2 July 2020
M1B Exam Question
Under the Securities and Futures Act (SFA), to prosecute a person involved in insider trading, it is:
a) necessary to prove that the person with insider information intended to use the information.
b) necessary to prove that the person with insider information subscribed or sold the relevant securities
c) necessary to prove that the person with insider information procured another person to subscribe or sell the relevant securities
d) not necessary to prove that the person with insider information intended to use the information.
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M1B Set 4
SGD 29.90 Add to cart2 July 2020
M1B Exam Question
The most efficient way for regulators to prevent terrorism financing is to:
a) perform audit checks on financial institutions.
b) ensure representatives are fit and proper.
c) make financial institutions responsible for preventing the flow of funds to terrorists.
d) engage investigators to check on financial institutions.
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M3 Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M3 Exam Question
An FMC conducting fund management activity should report which of the following as assets under the FMC’s non-discretionary management?
a) The moneys contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.
b) The moneys and equity contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.
c) The moneys and debt contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.
d) The moneys and assets contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.
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M3 Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M3 Exam Question
Which of the following statements regarding a Fund Management Company (FMC) is false?
a) It cannot procure the services of entities in which its CEO has controlling interests.
b) It may invest into the fund using moneys belonging to its related entities or employees.
c) It may invest customer moneys into the securities of its related entities.
d) It should ensure that there is adequate disclosure to its customers in respect of each fund that it manages.
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M3 Set 3
SGD 29.90 Add to cart2 July 2020
M3 Exam Question
Which of the following is not calculated in the Base Capital requirement of a Licensed Fund Management Company (LFMC)?
a) Paid-up ordinary share capital.
b) Paid-up irredeemable non-cumulative preference share capital.
c) Unappropriated profit or loss in the latest audited accounts.
d) Interim losses in the latest available account.
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M3 Set 4
SGD 29.90 Add to cart2 July 2020
M3 Exam Question
Under the Securities and Futures Act (SFA), fund management does not include the management of a portfolio of:
a) securities.
b) futures.
c) real estate investment trust.
d) foreign exchange trading.
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M5 Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M5 Exam Question
Under the Financial Advisers Regulations (FAR), unsecured credit facility does NOT include:
a) any loan made without security.
b) any credit facility made with security that does not exceed the market value of the assets constituting that security.
c) any performance bond entered into by the licensed financial adviser in connection with any credit facility made by another party to its representatives.
d) the provision of any security by the licensed financial adviser in connection with any credit facility made by another party to its representatives.
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M5 Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M5 Exam Question
Under the Securities and Futures Act (SFA), an accredited investor cannot be a/an:
a) individual
b) corporation
c) limited liability partnership
d) trustee of a trust
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M5 Set 3
SGD 29.90 Add to cart2 July 2020
M5 Exam Question
Which of the following is an Introducer allowed to do?
a) Give advice on any investment product to the client.
b) Market a collective investment scheme.
c) Provide factual information to any client on investment products.
d) Arrange any contract of insurance in respect of life policies.
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M5 Set 4
SGD 29.90 Add to cart2 July 2020
M5 Exam Question
A financial adviser making a life policy recommendation to a client should take all reasonable steps to determine the client's:
a) health underwriting
b) risk tolerance
c) investment experience
d) financial objectives
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M6 Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M6 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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M6 Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M6 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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M6 Set 3
SGD 29.90 Add to cart2 July 2020
M6 Exam Question
Which of the following statements regarding Exchange Traded Funds (ETFs) is NOT true?
a) They are open-ended investment funds.
b) They may use derivatives to track an index or asset.
c) They may issue dividends.
d) They do not have management fees.
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M6 Set 4
SGD 29.90 Add to cart2 July 2020
M6 Exam Question
Which of the following measures volatility compared to the market or the benchmark index?
a) Alpha.
b) Beta.
c) Standard Deviation.
d) Sharpe Ratio.
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M6A Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M6A 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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M6A Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M6A 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.
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M6A Set 3
SGD 29.90 Add to cart2 July 2020
M6A Exam Question
Which of the following statements describes the correct definition of Trading Volume?
a) The total number of options and/or futures contracts that are not closed or delivered on a particular day.
b) The number of buy market orders before the stock market opens.
c) The number of shares or contracts traded in a security or an entire market during a given period of time.
d) The liquidity of an option and/or futures contract.
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M6A Set 4
SGD 29.90 Add to cart2 July 2020
M6A Exam Question
Which of the following statements regarding derivatives is NOT true?
a) Derivatives allow businesses to hedge against the risk of increases in costs of raw materials.
b) Derivatives do not increase a financial institution’s lending capabilities.
c) Derivatives allow financial institutions to hedge against credit risk.
d) Some derivatives are traded over an exchange.
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M8 Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M8 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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M8 Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M8 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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M8 Set 3
SGD 29.90 Add to cart2 July 2020
M8 Exam Question
Which of the following correctly describes a secondary market?
a) A market where an investor purchases a security from another investor.
b) A market where the security is purchased directly from the issuer.
c) A market where secondary listings are traded.
d) A market where unlisted securities are purchased.
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M8 Set 4
SGD 29.90 Add to cart2 July 2020
M8 Exam Question
The standard deviation of the difference in return between a fund and its benchmark is known as:
a) differential error.
b) tracking error.
c) benchmark error.
d) standard deviating error.
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M8A Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M8A 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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M8A Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M8A Exam Question
Which of the following is NOT an early termination feature in a structured product?
a) Callable option.
b) Kick-in option.
c) Knock-out option.
d) Default option.
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M8A Set 3
SGD 29.90 Add to cart2 July 2020
M8A Exam Question
When the market demand of an Exchange Traded Fund's (ETF's) units drives its market price above the Net Asset Value (NAV) of the fund, which of the following actions is taken?
a) The Participating Dealer creates a new supply of units.
b) The Participating Dealer buys units from the market and returns them to the Fund Manager in exchange for securities.
c) The Fund Manager cancels units equivalent to the excess NAV.
d) The Fund Manager sells units to reduce the NAV.
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M8A Set 4
SGD 29.90 Add to cart2 July 2020
M8A Exam Question
Which of the following types of funds has the highest tracking error?
a) Synthetic tracker funds.
b) Direct replication funds.
c) Exchange traded funds (ETFs).
d) Fund of funds.
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M9 Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M9 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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M9 Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M9 Exam Question
The premiums of life insurance policies are calculated by professionals known as:
a) Actuaries.
b) Calculators.
c) Adjustors.
d) Insurance analysts.
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M9 Set 3
SGD 29.90 Add to cart2 July 2020
M9 Exam Question
Which of the following is not true regarding the feature of an Endowment policy?
a) Endowment policies can be issued as participating or non-participating policies.
b) Riders are allowed to be attached to Endowment policies.
c) Non-forfeiture options are not available for endowment policies.
d) Policy loans are allowed once the Endowment policy acquires cash value.
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M9 Set 4
SGD 29.90 Add to cart2 July 2020
M9 Exam Question
Which of the following types of Riders will enable a child to have a regular income until he/she is independent if death occurs to the payor?
a) Payor Benefit Rider.
b) Guaranteed Insurability Option Rider.
c) Family Income Benefit Rider.
d) Hospital Cash Benefit Rider.
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M9A Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M9A 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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M9A Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M9A 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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M9A Set 3
SGD 29.90 Add to cart2 July 2020
M9A Exam Question
Investment management fees of an Investment Linked Policy (ILP) sub-fund is calculated based on a percentage of the:
a) distribution cost.
b) assets under management.
c) bid-offer spread.
d) premiums collected.
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M9A Set 4
SGD 29.90 Add to cart2 July 2020
M9A Exam Question
Both the principal amount and interest payments are exchanged in a:
a) Currency swap.
b) Interest rate swap.
c) Commodity swap.
d) Credit default swap.
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M8 Set 1-4 (PDF)
SGD 29.90 Add to cart -
SCI Health Insurance Set 1
SGD 29.90 Add to cart2 July 2020
HI 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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SCI Health Insurance Set 1 (PDF)
SGD 29.90 Add to cart -
SCI Health Insurance Set 2
SGD 29.90 Add to cart2 July 2020
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
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SCI Health Insurance Set 3
SGD 29.90 Add to cart5 Nov 2020
Health Insurance Exam Question
Upon a claim, which type of critical illness rider will not reduce the sum assured of the main policy it is attached to?
a) Acceleration Benefit rider.
b) Additional Benefit rider.
c) Non-reducing Benefit rider.
d) Independent Benefit rider.
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SCI Health Insurance Set 4
SGD 29.90 Add to cart5 Nov 2020
Health Insurance Exam Question
The ability of a person to move from a bed to a wheelchair is known as:
a) Mobility.
b) Walking.
c) Transferring.
d) Toileting.
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SCI BCP Set 1
SGD 29.90 Add to cart2 July 2020
BCP Exam Question
Which of the following methods is 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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SCI BCP Set 2
SGD 14.95 Add to cart2 July 2020
BCP Exam Question
Which of the following are “Proportional” types of Reinsurance?
a) Facultative Excess of Loss.
b) Surplus Treaty.
c) Excess of Loss Treaty.
d) Excess of Loss Ratio Treaty.
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SCI ComGI Set 1
SGD 29.90 Add to cart2 July 2020
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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SCI ComGI Set 2
SGD 14.95 Add to cart2 July 2020
ComGI Exam Question
Under Motor Insurance, Liability to Third Parties covers all the following except:
a) Indemnity to an unnamed driver.
b) Indemnity to the insured while driving a private motor vehicle not belonging to him.
c) Bodily injury to an employee of the insured.
d) Expenses and legal costs for defence.
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SCI PGI Set 1
SGD 29.90 Add to cart2 July 2020
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 to the 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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SCI PGI Set 2
SGD 14.95 Add to cart2 July 2020
PGI Exam Question
Which of the following can be imposed by law on an individual even though he is not negligent?
a) Vicarious liability.
b) Absolute liability.
c) Temporary liability.
d) Imputed liability.