SIE Practice Exam 2023 /Questions And Answers
Quiz :Which corporate voting procedures entitles a shareholder to one vote
per share, and votes must be divided evenly among the candidates being voted
on? - √Answer :Statutory voting
Quiz :What market refers to the trading of exchange-listed securities in the
over-the-counter market? These trades allow institutional investors to trade
blocks of securities directly, rather than through an exchange, providing
liquidity and anonymity to buyers. - √Answer :Third market
Quiz :An investor sells a naked call on Omikron for a $250 premium. What is
true regarding the investors position? - √Answer :The investor's potential loss
is unlimited
Quiz :Which act created the SEC and empowered it with broad authority over
all aspects of the securities industry? - √Answer :Securities Exchange Act of
1934
Quiz :A free tool provided by FINRA that is intended to help consumers
research the professional backgrounds of brokers and brokerage firms, as well
as investment advisor firms and advisors? - √Answer :BrokerCheck
, Quiz :The Federal Reserve Board performs what actions? - √Answer :It sets
monetary policy, but does not set tax policy
Quiz :An offering of shares to existing stockholders on a pro-rata basis is called
a - √Answer :Rights offering
Quiz :The difference between a bond's price and the conversion parity price is
referred to as - √Answer :conversion premium
Quiz :An individual who meets what criteria must register as an investment
adviser? - √Answer :The individual provides advice or analyses concerning
securities
The individual is in the business of providing investment advice
The individual provides investment advice for compensation
Quiz :A type of preferred stock that gives the investor the right to receive
dividends equal to the normally specified rate, as well as an additional dividend
based on a specific predetermined condition is called a -
√Answer :participating preferred stock
Quiz :Profit sharing plans have what characteristic? - √Answer :they can be
invested entirely in company stock
Quiz :What is true regarding the Central Registration Depository (CRD)? -
√Answer :It was developed by NASAA and the NASD
It consolidated a multiple paper-based state licensing and regulatory process
into a single, nationwide computer system
Its computerized database contains the licensing and disciplinary histories on
more than 650,000 securities professionals and 5,200 securities firms
Quiz :Who is responsible for maintaining fair and orderly markets for an
assigned set of listed firms? They operate both manually and electronically to
facilitate price discovery during market opens, closes, and during periods of
trading imbalances and instability. - √Answer :Designated Market Makers
Quiz :If real GDP declined the last 3 quarters, how many more consecutive
quarters of decline would be needed to be classified as an economic
depression? - √Answer :3 quarters
Quiz :Which corporate voting procedures entitles a shareholder to one vote
per share, and votes must be divided evenly among the candidates being voted
on? - √Answer :Statutory voting
Quiz :What market refers to the trading of exchange-listed securities in the
over-the-counter market? These trades allow institutional investors to trade
blocks of securities directly, rather than through an exchange, providing
liquidity and anonymity to buyers. - √Answer :Third market
Quiz :An investor sells a naked call on Omikron for a $250 premium. What is
true regarding the investors position? - √Answer :The investor's potential loss
is unlimited
Quiz :Which act created the SEC and empowered it with broad authority over
all aspects of the securities industry? - √Answer :Securities Exchange Act of
1934
Quiz :A free tool provided by FINRA that is intended to help consumers
research the professional backgrounds of brokers and brokerage firms, as well
as investment advisor firms and advisors? - √Answer :BrokerCheck
, Quiz :The Federal Reserve Board performs what actions? - √Answer :It sets
monetary policy, but does not set tax policy
Quiz :An offering of shares to existing stockholders on a pro-rata basis is called
a - √Answer :Rights offering
Quiz :The difference between a bond's price and the conversion parity price is
referred to as - √Answer :conversion premium
Quiz :An individual who meets what criteria must register as an investment
adviser? - √Answer :The individual provides advice or analyses concerning
securities
The individual is in the business of providing investment advice
The individual provides investment advice for compensation
Quiz :A type of preferred stock that gives the investor the right to receive
dividends equal to the normally specified rate, as well as an additional dividend
based on a specific predetermined condition is called a -
√Answer :participating preferred stock
Quiz :Profit sharing plans have what characteristic? - √Answer :they can be
invested entirely in company stock
Quiz :What is true regarding the Central Registration Depository (CRD)? -
√Answer :It was developed by NASAA and the NASD
It consolidated a multiple paper-based state licensing and regulatory process
into a single, nationwide computer system
Its computerized database contains the licensing and disciplinary histories on
more than 650,000 securities professionals and 5,200 securities firms
Quiz :Who is responsible for maintaining fair and orderly markets for an
assigned set of listed firms? They operate both manually and electronically to
facilitate price discovery during market opens, closes, and during periods of
trading imbalances and instability. - √Answer :Designated Market Makers
Quiz :If real GDP declined the last 3 quarters, how many more consecutive
quarters of decline would be needed to be classified as an economic
depression? - √Answer :3 quarters
