M1B Set 1
SGD 29.90
2 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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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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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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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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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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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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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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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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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.
