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Last Updated: Jun 23, 2026
No. of Questions: 102 Questions & Answers with Testing Engine
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1. The statement in a suitability report giving reasons for the recommendation must also indicate:
A) whether or not the client has accepted this guidance
B) why the next best product or service was disregarded
C) the extent to which the author is qualified to make this judgement
D) the client's ability to bear any risks and losses
2. An error was made by a broker which led to a trade being conducted using the wrong trading account number.
If the trader submitted a request to have the number amended 40 minutes after the end of the trading session, the amendment would only be made if:
A) the circumstances are considered to be exceptional
B) the correction is within a 5% error margin
C) an impact assessment gives acceptable results
D) an alteration fee is paid at the same time
3. Which category of firm is required to provide accounts using a 'Unified Centralised Back Office System'?
A) Category 2 - Dealing in investments
B) Category 3 - Custody, clearing and recording
C) Category 1 - Dealing in securities
D) Category 4 - Credit rating agencies
4. Under what circumstances must licensed entities provide the Authority with copies of appropriateness reports issued to clients?
A) Only if requested by them to do so
B) Routinely on a quarterly basis
C) Routinely on a monthly basis
D) Only if a complaint is made
5. The contract size for an MSCI India Index Futures (INR) contract is:
A) 20 index points x price
B) 50 index points x price
C) 25 index points x price
D) 5 index points x price
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B |
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