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KNOPMAN SIE PRAC EXAM Questions with Correct Answers
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KNOPMAN SIE PRAC EXAM Questions withCorrect Answers
B
FISCAL QUARTER Correct Answer-Investment company financial
statements are sent to shareholders
A. monthly. B. quarterly. C. semiannually. D. annually
C
(called losing value, harder to reinvest) Correct Answer-7. Investors
whose bonds have been called as interest rates have fallen are now
facing
A. credit risk. B. inflation risk. C. reinvestment rate risk. D. capital risk.
C
(state tax benefits) Correct Answer-Dollar limits on 529 plan
contributions per beneficiary are set by A. the federal government.
B. the Municipal Securities Rulemaking Board. C. various states. D. the
College Board
D
,(felony or secruities related misdemanor within 10yr) Correct Answer-
Which of the following events would subject an individual to a statutory
disqualification?
A. A felony conviction 11 years ago
B. An indictment for a securities related felony 3 years ago
C. A conviction for a non-securities related misdemeanor six months ago
D. A conviction for a securities related misdemeanor 9 years ago
D
(Ginnie Gov) Correct Answer-A primary difference between Ginnie
Mae and Fannie Mae/Freddie Mac is that Ginnie Mae
A. only finances commercial mortgages, whereas the others finance
home mortgages.
B. mortgages are only available for government subsidized housing,
while the others are available for all real estate purchases.
C. is a publicly held company while the others are privately held.
D. is a government agency that has the explicit backing of the US
government, while the others do not.
D
(Infront of the public) Correct Answer-Trader R hears news from an
underwriter that his firm will be buying a large block of XYZ Co stock.
If R buys shares of the stock before the news is made public, he is
engaged in
, A. bid-rigging. B. insider trading. C. rumoring. D. front-running.
A
(61-1.50 = 59.5) Correct Answer-An investor sells short 100 shares of
XYZ stock at 61 and buys 1 XYZ 65 call for 1.50 When the market
price of ABC is 62. What is the investor's breakeven on the combined
positions?
A. 59.5 B. 60.5 C. 62.5 D. 63.5
B
(minor's account, his SS) Correct Answer-When opening a minor's
account, the social security number to be used is that of the
A. parent. B. minor. C. custodian. D. registered rep.
B
(ban is infectious) Correct Answer-A municipal finance professional at
JoeBrokerDealer made a contribution of $500 to candidate in a local
election that resulted in a ban on underwriting activity. A month later the
MFP joined a new municipal securities firm, JaneBrokerDealer. The
remainder of the twoyear ban will apply to
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