CMFAS Module 2a Free Sample Question

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  • 1/5 Questions

    A Limit Order specifies the ________ price that a ______  willing to pay for one contract 

    • Maximum, buyer
    • Maximum, seller
    • Minimum, buyer
    • Minimum, seller
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About This Quiz

Explore key aspects of securities trading and compliance with the CMFAS Module 2A Free Sample Question. This quiz covers topics such as position limits, market orders, SGX QUEST access, and futures contract delisting, sharpening skills in trading regulations and market operations.

Regulatory Compliance Quizzes & Trivia

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  • 2. 

    Which of the following may apply through Clearing Member for direct access to SGX QUEST? I    Direct clients of the Clearing MembersII    Market Maker or SGX Corporate MembersIII   Remote SGX Members

    • I only

    • I and III only

    • II and III only

    • All of the above

    Correct Answer
    A. All of the above
    Explanation
    Chapter 4 | Page 101 (4.1.1) Connectivity Options to QUEST

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  • 3. 

    In the case of a Market-If-Touched (MIT) sell order, the trigger is placed ______ the current market price, resulting in the order selling at a price ______ than the current market price. 

    • Above, higher

    • Above, lower

    • Below, higher

    • Below, lower

    Correct Answer
    A. Above, higher
    Explanation
    Chapter 4 | Page 117 (4.3.2.5) Market-If-Touched (MIT) Order

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  • 4. 

    With respect to the computation of Position Limit, which of the following positions are aggregated? All account ___________ I     directly owned by a person or personsII     indirectly owned by a person or personsIII    of any Person or Persons acting in concertIV   In which a person or persons has a proprietary or beneficial interest

    • I, II and III

    • I, II and IV

    • I, III and IV

    • I, II, III and IV

    Correct Answer
    A. I, II, III and IV
    Explanation
    Chapter 4 | page 147 (4.9.8) Position Limits & Accumulation of Positions

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  • 5. 

    Subject to the Securities and Futures Act (“SFA”) for delisting of contracts, the _________may, from time to time and in its absolute discretion, de-list any Futures Contract.

    • Singapore Exchange (SGX)

    • Singapore Exchange Derivatives Trading (SGX-DT)

    • Central Depository Pte limited (CDP)

    • MAS and SGX

    Correct Answer
    A. Singapore Exchange (SGX)
    Explanation
    Chapter 4 | Page 142 (4.9.1) MAS Approval / (4.9.2) De-Listing of Contracts

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  • Mar 20, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Aug 09, 2015
    Quiz Created by
    Khinloke
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