ICMA SOFQ Exam Practice Test Instant Access

Question 1

A firm executing a securities trade in the capacity of agency broker intends:

ATo take a securities position, and to remain market risk neutral

BNot to take a securities position, and not to remain market risk neutra

CNot to take a securities position, and to remain market risk neutral

DTo take a securities position, and not to remain market risk neutral

Answer : C

Question 2

The International Monetary Fund is an example of:

AA supranational organisation

BA sovereign wealth fund

CAn investment bank

DA securities market regulator

Answer : A

Question 3

A European country that has not adopted the Euro is:

ABelgium

BSlovakia

CSlovenia

DNorway

Answer : D

Question 4

The two choices for the settlement method utilised within a securities market are:

A'Account Settlement1 and Tumbling Settlement'

BTumbling Settlement' and 'Continuing Settlement'

C'Continuing Settlement'and'Account Settlement'

D'Rolling Settlement' and 'Account Settlement'

Answer : D

Question 5

A cash amount of GBP 5,909,658.47 lent on a Thursday until the second Monday (just over 1 week later) at a rate of 2.973%, would attract:

A7 days of interest and a cash interest amount of GBP 3369.48

B9 days of interest and a cash interest amount of GBP 4392.35

C13 days of interest and a cash interest amount of GBP 6344.51

D11 days of interest and a cash interest amount of GBP 5294.89

Answer : D

Question 6

FTM Levy is charged:

AOn US equity trades -where the gross consideration is in excess of USD 10,000.00

BOn UK equity trades where the gross consideration is GBP 10,000.00 and above

COn US equity trades where the gross consideration is USD 10,000.00 and below

DOn UK equity trades where the gross consideration is in excess of GBP 10,000.00

Answer : D

Question 7

The ISO currency code 'CHF represents:

AIvory Coast Franc

BChinese Renminbi

CSwiss France

DNorwegian Krone

Answer : C

ICMA SOFQ Securities Operations Foundation Qualification (SOFQ) Exam Practice Test