Exam (elaborations)
FCA Sample Exam
- Module
- IBCLC Exam
- Institution
- IBCLC Exam
Exam of 5 pages for the course IBCLC Exam at IBCLC Exam (FCA Sample Exam)
[Show more]
Seller
Follow
Content preview
FCA Sample ExamWhen a shareholder delegates the right to vote at an AGM to another person,
which of the following statements is TRUE? - CORRECT ANSWER-They appoint
a proxy
Which of the following normally have voting rights attributed to them at the time
of issue? - CORRECT ANSWER-Ordinary shares
A fund manager has decided to adopt a `core-satellite` approach to its
investment strategy. The key characteristic of this strategy is that it combines: -
CORRECT ANSWER-active management with passive management
The published spread of a unit trust price is the difference between which of the
following? - CORRECT ANSWER-the selling and buying prices of the units
What is the MAXIMUM compensation award that the Financial Ombudsman can
make a firm pay? - CORRECT ANSWER-150,000
Which of the following is a measure of inflation in the UK - CORRECT
ANSWER-Retail Price Index
What does the seller of an option normally acquire? - CORRECT ANSWER-An
immediate premium
The profits made from full encashment of which ONE of the following products
will be treated for tax purposes as income rather than capital gains? - CORRECT
ANSWER-Investment bonds
A capitalisation issue would have which of the following effects on an investor`s
shareholding? - CORRECT ANSWER-The number of shares will change
Capital Gains Tax is payable on which of the following assets? - CORRECT
ANSWER-The sale of equities
Spot FX is traded on Tuesday. When will the currency arrive in the recipients`
bank - CORRECT ANSWER-Thursday
, The obligation to buy an underlying stock at an agreed price at a specified future
date is known as a: - CORRECT ANSWER-future
Which of the following financial activities is MOST likely to be carried out in the
retail sector? - CORRECT ANSWER-Financial planning
What protection product would be MOST suitable for a company that employs a
consulting engineer because of his detailed knowledge of a particular project? -
CORRECT ANSWER-Business insurance
Which of the following is a characteristic of direct investment in property
compared to other investments? - CORRECT ANSWER-It offers low volatility
Who should private investors contact if they wish to buy shares in an investment
trust? - CORRECT ANSWER-A stockbroker
What does the S&P 500 provide? - CORRECT ANSWER-A broad view of the US
stock market
In which of the following circumstances would individuals be committing the
offence of insider dealing? - CORRECT ANSWER-Dealing using information that
was not available to the market, to make a profit
A client holds an 8% bond which matures in 2016. It is currently trading at £124.
What is the flat yield? - CORRECT ANSWER-6.45%
Investing in bonds provides which of the following? - CORRECT
ANSWER-Regular income
If money laundering is suspected, to whom must employees report their
suspicion? - CORRECT ANSWER-Money Laundering Reporting Officer
What is a unit trust? - CORRECT ANSWER-A pool of investments managed
collectively on behalf of its investors by a fund manager
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller modockochieng06. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.29. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79879 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now