CMFAS Module 2a Free Sample Question

5 Questions | Total Attempts: 318

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CMFAS Quizzes & Trivia

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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