Test: Trivia Questions Quiz For Chartered Accountants!

10 Questions

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Test: Trivia Questions Quiz For Chartered Accountants!

Below is the Trivia Questions Quiz for Chartered Accountants! There are certain things that a chartered accountant is expected to know, and the quiz below is perfect for those of you who are about to get their certification. Give it a shot and get to see just how knowledgeable you are and what your clients sign up for when they hire you.


Questions and Answers
  • 1. 
    Company ABC announces a dividend with Record date 24 October 2014. What is the Expiry Date (“Ex-Date”)  for this dividend?
    • A. 

      21 October 2014

    • B. 

      22 October 2014

    • C. 

      23 October 2014

    • D. 

      24 October 2014

  • 2. 
    Company XYZ announces a dividend with record date 24 October 2014. What is the last Cum Dividend Date for this dividend?
    • A. 

      20 October 2014

    • B. 

      17 October 2014

    • C. 

      21 October 2014

    • D. 

      22 October 2014

  • 3. 
    • A. 

      Record Date

    • B. 

      Date of entitlements capturing

    • C. 

      Day where Share Registrar/Issuer closes their book for determining entitlements

    • D. 

      All of the above

  • 4. 
    If you purchase shares on Expiry Date of a dividend, you are: Please choose one of the following answers:
    • A. 

      Not entitled to dividend

    • B. 

      Entitled to full dividend

    • C. 

      Entitled to half of dividend

    • D. 

      Entitled to claim dividend from the seller

  • 5. 
    If you sell shares on Expiry Date of a dividend, you are:
    • A. 

      Not entitled to dividend

    • B. 

      Entitled to full dividend

    • C. 

      Entitled to half of dividend

    • D. 

      Entitled to claim dividend from the buyer

  • 6. 
    You initiate a transfer of ABC shares to your friend on the Expiry Date of a dividend and the request was completed on the same day. You will receive from CDP:
    • A. 

      Zero dividend, with dividend paid to your friend

    • B. 

      Full dividend, with no dividend paid to your friend

    • C. 

      Half of dividend, with the other half paid to your friend

    • D. 

      Zero dividend, with dividend retained by Issuer

  • 7. 
    • A. 

      Upon receipt of timetable from company

    • B. 

      Upon sighting of announcement stating Record Date

    • C. 

      Upon sighting of announcement on proposed corporate action

    • D. 

      Upon receipt of registrar’s confirmation

  • 8. 
    • A. 

      Custody Services

    • B. 

      Data Management

    • C. 

      Securities Trading

    • D. 

      Issuer Services

  • 9. 
    While processing dividend payments, we need to match the Expiry Date, Record Date and Payment date of PTS with the SGXNet announcement.
    • A. 

      True

    • B. 

      False

  • 10. 
    If Issuer XYZ has a distribution with payment date on 24 December 2014 with Record Date on 17 December 2014, when does the Issuer have to announce the Record Date of the distribution by?
    • A. 

      24 December 2014

    • B. 

      17 December 2014

    • C. 

      9 December 2014

    • D. 

      No fixed number of notice period