ICMA SOFQ Exam Practice Test Instant Access

Question 1

An example of an organisation classified as a sovereign wealth fund is:

AUnited Nations

BXerox Corporation

CGerman Government

DChina Investment Corporation

Answer : D

Question 2

The market in which debt is issued over the long-term describes:

AThe money market

BThe foreign exchange market

CThe capital market

DThe equity market

Answer : C

Question 3

The divisors applicable to the calculation of bank interest are:

AEUR = 360, USD = 360, GBP = 365

BEUR = 365, USD = 360, GBP = 365

CEUR = 365, USD = 365, GBP = 360

DEUR = 360, USD = 365, GBP = 360

Answer : A

Question 4

A bond whose coupon rate increases at pre-specified dates and at a pre-specified interest rate is known as:

AA floating rate note

BA convertible bond

CA mortgage-backed security

DA step-up bond

Answer : D

Question 5

Within the security entitled 'Exxon Mobil Corporation USD 1.00 Common Stock', the 'USD 1.00' is commonly known as the:

Aissue value

Bpar value

Cnotional quantity

Dshare size

Answer : B

Question 6

On a scale of 1,500,000 Microsoft Corporation shares at a price of USD 3.78 per share, the SEC Fee payable is::

AUSD 1.89

BUSD 18.90

CUSD 189.00

DUSD 1890.00

Answer : C

Question 7

The type of organisation that specializes in deposit-taking and cash loans is known as a:

AMutual fund

BCommercial bank

CInvestment bank

DPrivate bank

Answer : B

ICMA Securities Operations Foundation Qualification (SOFQ) Exam Practice Test