Ats Batch 2 2014
AUTOMATED TRADING SYSTEM EXAM QUESTION
- 1.Stages in a stockbroking circle is made up of :
- A.
Arrival, Business Relationship and Satisfaction
- B.
Pre-Arrival, Arrival, Business Relationship and Satisfaction
- C.
Marketing, Business Relationship, Verification, Contract Note and Bank
- D.
Marketing, Opening account, Paying cash, Execution of mandate and Contract note
- 2.The back office department is made up of :
- A.
Customer service & Compliance
- B.
Operations & Finance
- C.
Customer Service & Finance
- D.
Operation & Business Development unit
- 3.The trade comparison, clearing & settlement function is handled by :
- A.
Front office
- B.
Back office
- C.
Settlement Office
- D.
Service Support Office
- 4.The accounts maintenance function is handled by :
- A.
Service Support Unit
- B.
Customer Service
- C.
Front Office
- D.
Back Office
- 5.Which of the following best describes the roles of the financial market :
- A.
Create liquidity
- B.
Allocate scarce resources from savers to investors
- C.
Creates an avenue to save
- D.
Creates security for your asset
- 6.Primary market transaction include :
- A.
Rights Issue, Private Placement, Special Placement, Public Offer
- B.
Initial Public Offer, Public Offer, Private Placement
- C.
Initial Public Offer, Public Offer, Private Placement, Introduction
- D.
Initial Public Offer, Public Offer, Private Placement, Special Placement
- 7.Parties to a primary market transaction are :
- A.
Issuing house, Stockbroker, Reporting Accountant, Solicitor, AMCON
- B.
Issuing House, Stockbroker, Reporting Accountant, SEC, Registrar
- C.
Issuing house, Stockbroker, EFCC, Solicitor, Registrar
- D.
Issuing house, Stockbroker, Reporting Accountant, Solicitor, Registrar
- 8.Role of a stockbroker in a primary market transaction include :
- A.
Marketing, Liaising with CAC, Pricing, Allocation, Research & Listing
- B.
Marketing, Liaising with SEC, Pricing, Allocation, Research & Listing
- C.
Marketing, Liaising with NSE, Pricing, Allocation, Research & Listing
- D.
Marketing, Liaising with CBN, Pricing, Allocation, Research & Listing
- 9.Which of the following are prohibited practices in the Rules and Regulations Governing Dealing Members : I. Disclosing customers’ information or acting in a way that would harm the customer or any other party. II. Establishing fictitious accounts to execute some transactions. III. The unauthorized use of customers’ funds or commingling the firm’s cash account with that of customers. IV. Opening of clients account only after observing the required Know-Your-Client procedure.
- A.
I and II only
- B.
II and III only
- C.
II and IV only
- D.
I, II and III only
- 10.What is the most appropriate avenue open to an aggrieved investor to seek redress in the event of unfair treatment by a Dealing Member ?
- A.
Report the case to the Chartered Institute of Stockbrokers
- B.
Report the case to the Nigerian Stock Exchange
- C.
Report the case to the Securities and Exchange Commission
- D.
None of the above
- 11.As part of their role in fighting money laundering, Dealing Member Firms should:
- A.
Designate a compliance officer.
- B.
Depend solely on The NSE staff for combating money laundering.
- C.
Refuse small cash deposits under the reporting threshold
- D.
Not open accounts for people considered politically exposed clients.
- 12.A Dealing Member Firm of the Nigerian Stock Exchange is required to submit the following reports to The Exchange, except which of the following ?
- A.
Due Diligence Statement
- B.
Quarterly Financial Statement
- C.
Monthly Transaction Reports
- D.
Audited Financial Statement
- 13.The under-listed are major violations of the Rules and Regulations Governing Dealing Members except?
- A.
Market Manipulation and Insider Trading
- B.
Fraud
- C.
Best Execution
- D.
Money Laundering and Terrorist Financing
- 14.Professional Ethics encompasses the following :
- A.
The personal standards of behavior expected of a professional
- B.
The corporate standards of behavior expected of a professional
- C.
The personal and corporate standards of behavior expected of a professional
- D.
The corporate standards of behavior expected of a professional
- 15.What could happen to compliance officers if they do not comply with the Anti - Money Laundering laws and regulations?
- A.
Their employers could face reputation damage, but the employee is immune from penalty.
- B.
Loss of job, prison penalties and fines, negative reputation to their employer.
- C.
Nothing. Only the financial institution’s legal counsel will be responsible for complying with laws.
- D.
Nothing. Only the staff directly handling transactions have to worry.
- E.
To conduct their actions in accordance with its primary values and ethical standards
- 16.The basic principles underlying ethical conduct of individuals and professionals are ------------- in number:
- A.
7
- B.
5
- C.
4
- D.
6
- 17.Customer Due Diligence procedures requires :
- A.
One-off customer identification procedure at account opening stage
- B.
Periodic assessment of customers transaction history
- C.
Continuous update, monitoring, assessment and reports on (i) and (ii) above to management and regulatory authorities
- D.
None of the above
- 18.The least number of identifiable possible ethical threats that a professional has to face in a well-structured firm are:
- A.
5
- B.
3
- C.
4
- D.
2
- 19.What does CAMCAN Stand for ?
- A.
Capital Association Market Correspondents Associates of Nigeria
- B.
Capital Market Correspondents Association of Nigeria
- C.
Capital Market Association of Nigeria
- D.
Commission Association Management Correspondents
- 20.CSR stands for?
- A.
Corporate Social Responsibility
- B.
Corporation of Society Responsibility
- C.
Corporate Social Relationship
- D.
Composition of Social Relations
- 21.What type of events do we co-ordinate in Corporate communications department?
- A.
Bell Ringing only
- B.
Bell Ringing and Facts Behind the Listing
- C.
Bell Ringing, Facts Behind the Listing, Facts Behind the Figures, Conferences
- D.
Trade Fair, Bell Ringing, Facts Behind the Figures, Facts Behind the Listing, Conferences
- 22.How many pillars drive the NSE strategy?
- A.
4
- B.
1
- C.
3
- D.
5
- 23.How many years has the National Essay competition been in existence?
- A.
3
- B.
5
- C.
10
- D.
13
- 24.What is Asset Co-mingling ?
- A.
Mixing up many investors account
- B.
Mixing up all proprietary accounts
- C.
Mixing up all proprietary and clients’ assets
- D.
Mixing up all proprietary and clients’ shares
- 25.Describe what reconstruction is :
- A.
Increasing share volume/value
- B.
Decreasing share value/volume
- C.
Increasing/decreasing share volume/value
- D.
Increasing/decreasing share value/volume
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