M1A Sample 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
M1B Sample 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
M3 Sample 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.
M5 Sample Exam Question
Under the 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
M6 Sample Exam Question
Which of the following is NOT classified as money market securities?
a) Treasury bills
b) Commercial papers
c) Repurchase agreements
d) Swaps
M6A Sample Exam Question
Which of the following statements about interest rates are NOT true?
a) Interest rates do not affect the economy
b) Supply and demand of credit affects interest rates
c) An increase in the supply of credit will reduce interest rates
d) A decrease in the demand for credit will decrease interest rates
M8 Sample 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
M8A Sample Exam Question
Which of the following products allow the investor to participate in the performance of the underlying stock up to a pre-determined maximum level?
a) Capital guaranteed funds
b) Credit-linked notes
c) Reverse convertible bonds
d) Discount certificates
M9 Sample Exam Question
Which of the following is a NOT a method of underwriting for substandard risk classifications?
a) Increasing the premiums
b) Decreasing the excess
c) Offering pre-existing condition exclusions
d) Declining the application
M9A Sample Exam Question
Which of the following has the lowest credit risk?
a) The senior tranche of a subordinated bond
b) A senior bond
c) A junk bond
d) A callable bond
Health Insurance Sample Exam Question
Medical Expense Insurance plans are usually classified by:
a) coverage limits
b) types of surgeries
c) benefit limits
d) types of wards
BCP Sample Exam Question
Which of the following is similar to an Excess but once the Excess is exceeded, the loss is payable in full?
a) Average Clause
b) Franchise
c) Limit of Liability
d) Deductible
PGI Sample Exam Question
Which of the following pays a daily benefit of a fixed dollar amount chosen by the insured at the inception of the policy?
a) Personal Accident insurance
b) Critical Illness insurance
c) Medical Expense insurance
d) Hospital Cash insurance
ComGI Sample 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
FMRP Sample Exam Question
With regard to dealing amounts, which of the following statements is FALSE?
a) Minimum dealing amounts cannot vary by product and currency.
b) Principals who wish to deal in odd amounts should specify their conditions to their counterparties at the outset.
c) The price quoter has the right to reject odd amounts if no prior indication of amount is given.
d) There must be a consensual understanding of minimum dealing amounts between participants when an amount is not specified with a quoted price.