Cyprus Securities And Exchange Commission Quiz

Approved & Edited by ProProfs Editorial Team

The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.

Learn about Our Editorial Process

| By AdewumiKoju

AdewumiKoju

Community Contributor

Quizzes Created: 810 | Total Attempts: 967,803

Questions: 10 | Attempts: 163 | Updated: Mar 21, 2023

Questions

Settings

Create your own Quiz

Share on Facebook Share on Twitter Share on Whatsapp Share on Pinterest Share on Email Copy to Clipboard Embed on your website

Cyprus Securities And Exchange Commission Quiz - 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.

Questions and Answers

1.

When was CySEC formed?
- A.
  
  2000
- B.
  
  2001
- C.
  
  1991
- D.
  
  1981
Correct Answer
B. 2001

Explanation
CySEC, the Cyprus Securities and Exchange Commission, was formed in 2001. This regulatory agency was established to supervise and regulate the financial markets in Cyprus, ensuring the protection of investors and the stability of the financial system. Since its formation, CySEC has played a crucial role in overseeing and enforcing compliance with financial regulations in Cyprus, contributing to the development and growth of the country's financial sector.

Rate this question:
2.

Which one of these is not the responsibility of CySEC?
- A.
  
  To grant operation license to investment firms
- B.
  
  To supervise mutual fund management company
- C.
  
  To assist and grant loans for wages of workers in registered firms
- D.
  
  To impose administrative sanctions on brokers
Correct Answer
C. 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.

Rate this question:
3.

Which of these is the structure of administration board members?
- A.
  
  Five members and the chaiman and his vice
- B.
  
  Two members and the chairman and his vice
- C.
  
  Seven members and the chairman and his vice
- D.
  
  Three members and the chairman and his vice
Correct Answer
D. 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.

Rate this question:
4.

Who is the current chairwoman of CySEC?
- A.
  
  Kalogerou Christina
- B.
  
  Eleni Maddison
- C.
  
  Demetra Kalogerou
- D.
  
  Panayiota Samuel
Correct Answer
C. 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.

Rate this question:
5.

When did Cyprus became a member of the EU and also the European MiFID?
- A.
  
  2005
- B.
  
  2004
- C.
  
  2001
- D.
  
  1991
Correct Answer
B. 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.

Rate this question:
6.

What is the new policy used for the financial instrument in CySEC?
- A.
  
  Binary options
- B.
  
  PEC
- C.
  
  Convertible bonds
- D.
  
  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.

Rate this question:
7.

How many years do the members of the management board use per term?
- A.
  
  10
- B.
  
  4
- C.
  
  5
- D.
  
  3
Correct Answer
C. 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.

Rate this question:
8.

Which of these best describes CySEC?
- A.
  
  A company
- B.
  
  A regulatory body
- C.
  
  Investment consultants
- D.
  
  Mutual fund management company
Correct Answer
B. 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.

Rate this question:
9.

Which of these is a certificate offered by CySEC?
- A.
  
  Diploma legal financial framework
- B.
  
  Postgraduate diploma in entrepreneur
- C.
  
  Basic financial services legal framework
- D.
  
  Bachelor of business administration
Correct Answer
C. 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.

Rate this question:
10.

Which of these is not a brokerage in Cyprus?
- A.
  
  TradeStation
- B.
  
  FX Central Clearing Ltd.
- C.
  
  Brokercreditservice Ltd.
- D.
  
  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.

Rate this question: