Cyprus Securities And Exchange Commission Quiz

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  • 1/10 Questions

    When was CySEC formed?

    • 2000
    • 2001
    • 1991
    • 1981
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About This Quiz

The Cyprus Securities and Exchange Commission is a financial regularisation body of Cyprus popularly known as CySEC. Its operation is basically to exchange stock and all forms of financial flow from every industry, body, and company registered under it. What else do you know about the Cyprus Securities and Exchange Commission? Take this quiz.

Cyprus Securities And Exchange Commission Quiz - Quiz

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  • 2. 
    When did Cyprus became a member of the EU and also the European MiFID? - ProProfs

    When did Cyprus became a member of the EU and also the European MiFID?

    • 2005

    • 2004

    • 2001

    • 1991

    Correct Answer
    A. 2004
    Explanation
    Cyprus became a member of the EU and the European MiFID in 2004. This means that in that year, Cyprus officially joined the European Union and also adopted the European MiFID (Markets in Financial Instruments Directive) which is a regulatory framework for financial markets.

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  • 3. 
    Which one of these is not the responsibility of CySEC? - ProProfs

    Which one of these is not the responsibility of CySEC?

    • To grant operation license to investment firms

    • To supervise mutual fund management company

    • To assist and grant loans for wages of workers in registered firms

    • To impose administrative sanctions on brokers

    Correct Answer
    A. To assist and grant loans for wages of workers in registered firms
    Explanation
    CySEC, the Cyprus Securities and Exchange Commission, is responsible for regulating and supervising the financial markets and investment services in Cyprus. However, it is not responsible for assisting and granting loans for wages of workers in registered firms. This responsibility falls under the jurisdiction of other financial institutions or government agencies. CySEC's main responsibilities include granting operation licenses to investment firms, supervising mutual fund management companies, and imposing administrative sanctions on brokers who violate regulations.

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  • 4. 
    Which of these best describes CySEC? - ProProfs

    Which of these best describes CySEC?

    • A company

    • A regulatory body

    • Investment consultants

    • Mutual fund management company

    Correct Answer
    A. A regulatory body
    Explanation
    CySEC stands for the Cyprus Securities and Exchange Commission, which is the regulatory body responsible for overseeing and regulating the financial markets in Cyprus. They are in charge of ensuring the fair and transparent operation of the securities market, protecting investors, and maintaining the integrity of the financial system. Therefore, the best description for CySEC is a regulatory body.

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  • 5. 
    Which of these is not a brokerage in Cyprus? - ProProfs

    Which of these is not a brokerage in Cyprus?

    • TradeStation

    • FX Central Clearing Ltd.

    • Brokercreditservice Ltd.

    • Eurivex Investment Firm

    Correct Answer
    A. TradeStation
    Explanation
    TradeStation is not a brokerage in Cyprus. While FX Central Clearing Ltd., Brokercreditservice Ltd., and Eurivex Investment Firm are all brokerage firms in Cyprus, TradeStation is not listed as a brokerage in Cyprus.

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  • 6. 
    What is the new policy used for the financial instrument in CySEC? - ProProfs

    What is the new policy used for the financial instrument in CySEC?

    • Binary options

    • PEC

    • Convertible bonds

    • Simple bonds

    Correct Answer
    A. Binary options
    Explanation
    The new policy used for the financial instrument in CySEC is binary options. Binary options are a type of financial instrument where traders can predict the outcome of an asset's price movement within a certain time frame. This policy may involve regulations and guidelines set by CySEC to ensure fair and transparent trading of binary options within the financial market.

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  • 7. 
    Which of these is the structure of administration board members? - ProProfs

    Which of these is the structure of administration board members?

    • Five members and the chaiman and his vice

    • Two members and the chairman and his vice

    • Seven members and the chairman and his vice

    • Three members and the chairman and his vice

    Correct Answer
    A. Three members and the chairman and his vice
    Explanation
    The correct answer is "Three members and the chairman and his vice." This means that the structure of the administration board consists of three members along with the chairman and his vice.

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  • 8. 
    Who is the current chairwoman of CySEC? - ProProfs

    Who is the current chairwoman of CySEC?

    • Kalogerou Christina

    • Eleni Maddison

    • Demetra Kalogerou

    • Panayiota Samuel

    Correct Answer
    A. Demetra Kalogerou
    Explanation
    Demetra Kalogerou is the current chairwoman of CySEC. She was chosen for this position due to her qualifications and experience in the financial industry. Kalogerou has been with CySEC for many years and has held various positions within the organization. Her expertise in financial regulation and her commitment to ensuring the stability and integrity of the Cyprus securities market make her the ideal candidate for the role of chairwoman. Her leadership and strategic vision have been instrumental in shaping the regulatory framework of CySEC and maintaining its reputation as a respected financial authority.

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  • 9. 
    Which of these is a certificate offered by CySEC? - ProProfs

    Which of these is a certificate offered by CySEC?

    • Diploma legal financial framework

    • Postgraduate diploma in entrepreneur

    • Basic financial services legal framework

    • Bachelor of business administration

    Correct Answer
    A. Basic financial services legal framework
    Explanation
    The correct answer is Basic financial services legal framework. This certificate is offered by CySEC, which stands for the Cyprus Securities and Exchange Commission. CySEC is the financial regulatory agency of Cyprus and is responsible for overseeing and regulating the financial services industry in the country. The Basic financial services legal framework certificate is likely a qualification that provides individuals with knowledge and understanding of the legal framework surrounding financial services in Cyprus.

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  • 10. 
    How many years do the members of the management board use per term? - ProProfs

    How many years do the members of the management board use per term?

    • 10

    • 4

    • 5

    • 3

    Correct Answer
    A. 5
    Explanation
    The members of the management board use 5 years per term. This suggests that the term length for members of the management board is 5 years.

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Quiz Review Timeline (Updated): Mar 21, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Feb 21, 2019
    Quiz Created by
    AdewumiKoju
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