CMFAS Module 2a Free Sample Question

5 Questions | By Khinloke | Last updated: Mar 20, 2022 | Total Attempts: 318

Questions and Answers

1.

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
- A.
  
  I, II and III
- B.
  
  I, II and IV
- C.
  
  I, III and IV
- D.
  
  I, II, III and IV
2.

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.
- A.
  
  Above, higher
- B.
  
  Above, lower
- C.
  
  Below, higher
- D.
  
  Below, lower
3.

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
- A.
  
  I only
- B.
  
  I and III only
- C.
  
  II and III only
- D.
  
  All of the above
4.

A Limit Order specifies the ________ price that a ______ willing to pay for one contract
- A.
  
  Maximum, buyer
- B.
  
  Maximum, seller
- C.
  
  Minimum, buyer
- D.
  
  Minimum, seller
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.
- A.
  
  Singapore Exchange (SGX)
- B.
  
  Singapore Exchange Derivatives Trading (SGX-DT)
- C.
  
  Central Depository Pte limited (CDP)
- D.
  
  MAS and SGX

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