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Question 1 of 10
1. Question
When the client tells the broker that the broker must immediately fill the entire order at the price the client is looking for is known as:
I. GTC orders
II. Market-on-close orders
III. Fill or kill orders
IV. At-the-open ordersCorrect
Fill or kill orders occur when the client tells the broker that the broker must immediately fill the entire order at the price the client is looking for (or a better one).
Incorrect
Fill or kill orders occur when the client tells the broker that the broker must immediately fill the entire order at the price the client is looking for (or a better one).
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Question 2 of 10
2. Question
Which of the following statement(s) refer to the primary responsibility of Securities and Exchange Commission (SEC):
I. The regulation of the securities industry
II. Stock and Options exchanges
III. Governs securities trading
IV. Investment banking firmsCorrect
The Securities and Exchange Commission (SEC) is an agency of the U.S. federal government which is primarily responsible for the regulation of the securities industry and stock and options exchanges.
Incorrect
The Securities and Exchange Commission (SEC) is an agency of the U.S. federal government which is primarily responsible for the regulation of the securities industry and stock and options exchanges.
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Question 3 of 10
3. Question
A self-regulatory organization (SRO) tasked with developing rules for banks and securities firms to follow whenever they underwrite, sell, purchase, or recommend municipal securities is known as:
I. Chicago Board Options Exchange (CBOE)
II. Securities and Exchange Commission (SEC)
III. Financial Industry Regulatory Authority (FINRA)
IV. Municipal Securities Rulemaking Board (MSRB)Correct
The Municipal Securities Rulemaking Board (MSRB) is a self-regulatory organization (SRO) tasked with developing rules for banks and securities firms to follow whenever they underwrite, sell, purchase, or recommend municipal securities.
Incorrect
The Municipal Securities Rulemaking Board (MSRB) is a self-regulatory organization (SRO) tasked with developing rules for banks and securities firms to follow whenever they underwrite, sell, purchase, or recommend municipal securities.
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Question 4 of 10
4. Question
Which of the following is the largest options exchange in the United States—but also a self-regulatory organization (SRO)?
I. Securities and Exchange Commission (SEC)
II. Municipal Securities Rulemaking Board (MSRB)
III. Chicago Board Options Exchange (CBOE)
IV. District Business Conduct Committee (DBCC)Correct
The Chicago Board Options Exchange (CBOE) is not only an options exchange—the largest options exchange in the United States—but also a self-regulatory organization (SRO).
Incorrect
The Chicago Board Options Exchange (CBOE) is not only an options exchange—the largest options exchange in the United States—but also a self-regulatory organization (SRO).
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Question 5 of 10
5. Question
Which of the following statements refer to the functions of capital markets?
I. They mobilize savings into profitable investments.
II. They encourage savings in the first place
III. They increase economic growth
IV. They Underwrite the issue of the securities.Correct
(i) They mobilize savings into profitable investments.
(ii) They encourage savings in the first place
(iii) They increase economic growthIncorrect
(i) They mobilize savings into profitable investments.
(ii) They encourage savings in the first place
(iii) They increase economic growth -
Question 6 of 10
6. Question
The institutions (broker-dealers, particularly) which help issuers of securities to raise money for themselves is also known as:
I. capital markets
II. Money market
III. Selling groups
IV. Business continuityCorrect
Investment banking firms are any institutions (broker-dealers, particularly) which help issuers of securities to raise money for themselves.
Incorrect
Investment banking firms are any institutions (broker-dealers, particularly) which help issuers of securities to raise money for themselves.
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Question 7 of 10
7. Question
The Securities Act of 1933 can also be called as:
I. Truth in Securities Act
II. The Paper Act
III. The Prospectus Act
IV. The New Issues ActCorrect
The Securities Act of 1933 can also be called the Truth in Securities Act, the Paper Act, the Full Disclosure Act, the Prospectus Act, or the New Issues Act.
Incorrect
The Securities Act of 1933 can also be called the Truth in Securities Act, the Paper Act, the Full Disclosure Act, the Prospectus Act, or the New Issues Act.
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Question 8 of 10
8. Question
Which of the following information is required in registration statement?
I. issuer’s name
II. Description of issuer’s business
III. The company’s capitalization
IV. Truthfully disclose information for the new issue of securitiesCorrect
(i) Issuer’s name (ii) Description of issuer’s business (iii) The company’s capitalization
Incorrect
(i) Issuer’s name (ii) Description of issuer’s business (iii) The company’s capitalization
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Question 9 of 10
9. Question
Which of the following is not included in the exempt securities?
I. Municipal (local government) bonds
II. Fixed annuities and insurance policies
III. Public utility securities
IV. The company’s complete financial statementsCorrect
(i) fixed annuities and insurance policies (ii) municipal (local government) bonds (iii) Public utility securities
Incorrect
(i) fixed annuities and insurance policies (ii) municipal (local government) bonds (iii) Public utility securities
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Question 10 of 10
10. Question
Which of the following rule refers to the SEC rule governing the sale of restricted, unregistered, and control securities:
I. Rule 144
II. Rule 145
III. Rule 146
IV. Rule 147Correct
Rule 144 is an SEC rule governing the sale of restricted, unregistered, and control securities.
Incorrect
Rule 144 is an SEC rule governing the sale of restricted, unregistered, and control securities.