1-1-6
1-1-6 (1-4-page 11)
Question 1
Which of the following describe the activities of stockbroking
companies?
(i) To take orders from clients to buy and sell securities
(ii) To underwrite new issues of securities
(iii) To research and report on the listed companies and their
securities
(iv) To facilitate payment and settlement of securities by
clients(A) (i) and (ii) only
(B) (i) and (iii) only
(C) (iii) and (iv) only
(D) All of the above
1-1-8 (1-1-page 2)
Question 2
Securities is the general term used to describe financial
instruments which are:
(i) marketable or saleable in the marketplace
(ii) evidence of ownership or debt
(iii) interest bearing or dividend paying instruments
(iv) physical commodities that are traded in financial
markets
(A) (ii) and (iv) only
(B) (i) and (iii) only
(C) (i), (ii) and (iii) only
(D) (ii), (iii) and (iv) only
1-1-16(1-1-page 8)
Question 3
The KLSE index is updated and calculated electronically once
every:
(A) one (1) minute
(B) two (2) minutes
(C) five (5) minutes
(D) one (1) day
1-3-8(1-3-page 11)
Question 4
XYZ Bhd. had an initial public offering. The authorised capital
of XYZ Bhd. is RM400 million divided into 800 million shares at 50
sen each. All the shares were issued and have been partly paid to
40 sen per share. What is the issued capital of XYZ Bhd.?
(A) RM 80 million
(B) RM 320 million
(C) RM 400 million
(D) RM 720 million
1-3-17(1-3-page 19)
Question 5
A special resolution to alter a companys memorandum and articles
of association requires which of the following?
(i) To be passed by a majority of more than 50 per cent of the
members voting in person or by proxy at a meeting
(ii) To be passed by a majority of not less than 75 per cent of
the members voting in person or by proxy
(iii) Thirty (30) days notice to be given for such
resolution
(iv) Twenty-one (21) days notice to be given for such a
resolution
(A) (i) and (ii) only
(B) (i) and (iv) only
(C) (ii) and (iii) only
(D) (ii) and (iv) only1-4-8(1-4-page 4)
Question 6
Which of the following measures can be taken by the Commission
against public limited companies for failure to comply with the
Securities Commissions Policies and Guidelines on Issues/Offer of
Securities?
(i) Issue a reprimand letter
(ii) Prosecution under the relevant section of the Securities
Industry Act 1983
(iii) Non-acceptance of corporate proposals from the public
listed company
(iv) Delisting of company from the exchange
(A) (i) and (ii) only
(B) (iii) and (iv) only
(C) (i), (ii) and (iii) only
(D) All of the above
1-4-12(1-4-page 7)
Question 7
By having a merchant bank appointed to underwrite the listing of
a public company, a company can guarantee which ONE of the
following?
(A) The level of the issue price on the first day of the
trading
(B) That the company profits for the next two (2) years will be
guaranteed
(C) That any funds shortfall is made up by a bank loan of equal
value
(D) That the full funds will be available at a specified
time
1-5-7(1-2-page 5)
Question 8
The WinSCORE system can be used for which of the following?
(i) Order and trade routing
(ii) Order confirmation
(iii) Monitor KLSEs stock market information on real time
basis
(iv) Credit control management
(A) (i) and (iv) only
(B) (i) and (iii) only
(C) (ii) and (iv) only
(D) All of the above
1-5-10(1-5-page 11)
Question 9
Which two ways can a Dealers Representative receive confirmation
that an order has been accepted or executed?
(i) The order can be confirmed via a printer in the dealing
room
(ii) The KLSE will immediately notify the dealer by e-mail
(iii) The stockbroking companys own staff at the KLSE will
notify the dealer
(iv) The order can be confirmed via an order status on-line
screen on the dealers work station
(A) (i) and (ii) only
(B) (iii) and (iv) only
(C) (ii) and (iii) only
(D) (i) and (iv) only
1-6-24(1-4-page 15)
Question 10
If a BUYING CLIENT does not pay for a share purchase by the due
date, which ONE of the following will occur?
(A) The KLSE will institute selling-out
(B) The KLSE will institute buying-in
(C) The stockbroking company will institute selling-out
(D) The stockbroking company will institute buying-in
2-1-7(2-2-page 18)
Question 11 (Rule 201.1)
The Committee of the KLSE may do all of the following EXCEPT:(A)
fine, suspend or expel a Member
(B) suspend a Dealers Representative licence
(C) investigate and adjudicate upon a complaint by a
non-Member
(D) notify Members of a defaulting non-Member
2-3-5(2-3)
Question 12
Siti makes an offer by telephone to Fauzi to buy 1,000 shares in
ABC Bhd. at RM10.00 per share with settlement due the following
day. Fauzi agrees to buy the shares at RM10.00 with settlement in
five days time. Sitis offer has been terminated primarily
because:
(A) it has been accepted by Fauzi
(B) it has been rejected by Fauzi
(C) it has been offset by Fauzis counter offer
(D) it has lapsed because Fauzi could not settle within one
day
2-4-1(2-4-page 4)
Question 13
In the relationship between a stockbroking company and its
clients, which of the following statements are CORRECT?
(i) The stockbroking company is the principal of the client
(ii) The client is the agent of the stockbroking company
(iii) The client is the principal of the stockbroking
company
(iv) The stockbroking company is the agent of the client
(A) (i) and (ii) only
(B) (i) and (iii) only
(C) (ii) and (iv) only
(D) (iii) and (iv) only
Question 14
Any differences resulting from a contra between outstanding
purchases position and outstanding sale position shall be settled
between Member Companies and their clients not later than the
__________ market day following the date of such contra.
(A) first (1st)
(B) third (3rd)
(C) fifth (5th)
(D) seventh (7th)
2-4-14(2-4-page 15)
Question 15Money held in a stockbroking companys client trust
account on behalf of a client may be disbursed for all of the
following purposes EXCEPT:(A) to pay brokerage due to the
stockbroking company
(B) to pay money to another Member of the KLSE
(C) to pay money in accordance with the clients written
instruction
(D) to pay money in accordance with the requirements of the
Court
Question 16
When a price traded in a Direct Business transaction exceeds ten
(10) per cent of the Volume-Weighted Average Price (VWAP) of the
securities of the preceding trading day, Member Companies are
required to provide to the Exchange:(i) the details of the buyer
and seller
(ii) the number of transactions of the same securities by both
parties for the last one (1) month
(iii) the basis on which the price was transacted and agreed by
both parties
(iv) the number of securities involved
(A) (i) and (iv) only
(B) (ii), (iii) and (iv) only
(C) (i), (iii) and (iv) only
(D) All of the above
2-6-27(2-6-page 9)
Question 17
In determining whether a corporation is fit and proper to hold a
dealers licence, the Commission must consider which of the
following?
(i) Ownership complies with the Malaysian economic policy
(ii) The reputation of the directors
(iii) The business plan
(iv) The financial status of related corporations
(A) (i) and (ii) only
(B) (ii) and (iv) only
(C) (i), (ii) and (iv) only
(D) All of the above
2-6-32(2-6-page 11)
Question 18
A licence granted under the Securities Industry Act 1983 is
required to be renewed after:
(A) six (6) months
(B) twelve (12) months
(C) two (2) years
(D) three (3) years
2-6-34(2-6-page 11)
Question 19Under the Securities Industry Act 1983, a licence
issued to a corporation may be subject to all of the following
EXCEPT:
(A) transfer to a third party by the Securities Commission
(B) suspension at the discretion of the Securities
Commission
(C) revocation at the decision of the Securities Commission
(D) variation subject to the approval of the Securities
Commission
1-2-1
Question 20
The Listing Requirements of the Kuala Lumpur Stock Exchange
covers the following matters EXCEPT:
(A) the requirements for listing a company on the Main Board or
Second Board of the KLSE
(B) the corporate disclosure policy and standards
(C) the procedure for register of securities
(D) the continuing listing requirements to ensure an informed
market is maintained
1-3-14(1-3-page 15)
Question 21
Select the CORRECT statements regarding Non-Dealing Member.(i)
In the case of a natural person, such person does not hold a
Dealers Representatives licence
(ii) In the case of a corporation, has entered into an
arrangement to acquire at least two (2) per cent of the shares of
the Member Company
(iii) A Non-Executive director of the Member Company must be at
all times a Non-Dealing Member
(iv) A Non-Dealing Member must get consent from the board of
director before disposing any of his shares in the Member
Company
(A) (i) and (iii) only
(B) (ii) and (iv) only
(C) (i), (ii) and (iii) only
(D) All of the above
2-5-19(2-6-page 8)
Question 22An applicant for an investment representatives
licence must meet all of the following requirements EXCEPT:
(A) not convicted of a criminal offence
(B) be at least eighteen (18) years of age
(C) not be an undischarged bankrupt
(D) have relevant experience in investment adviser
activities
1-4-4(1-4-page 18)
Question 23
A company has issued 200 million of shares at a par value of 50
sen. The company announces a bonus issues of 2 for 5. What is the
total number of shares now issued?
(A) 280 million
(B) 360 million
(C) 500 million
(D) 700 million
Question 24
What is the minimum bid for securities that are priced between
RM10.00 to RM24.90?(A) Two (2) sen
(B) Five (5) sen
(C) Ten (10) sen
(D) Twenty-five (25) sen
2-4-16(1-4)
Question 25
A client of a stockbroking company is entitled to request copies
of all of the following entries in the stockbroking companys books
EXCEPT:
(A) the amount of commission charged to the client over a
specified period
(B) the name of the other party in a married transaction
involving the client
(C) the securities held by the stockbroking company on behalf of
the client
(D) the amounts paid into the stockbroking companys trust
account on behalf of the client
New-s.40 SIA
Question 26
The Securities Industry Act 1983 requires a dealer (stockbroker)
to inform the client when dealing in securities as principals.
Which of the following statements are conditions of dealing as
principals?
(i) When the dealer enters into a transaction on behalf of any
person associated with the dealer
(ii) The dealer dealing in securities on behalf of a corporation
in which he has controlling interest
(iii) The dealer acts on behalf of a corporation in which his
interest and the interests of his directors together constitute a
controlling interest
(iv) When the dealer enters into a transaction for its own
subsidiary company
(A) (i) and (ii) only
(B) (iii) and (iv) only
(C) (i), (ii) and (iii) only
(D) All of the above
New-s.43(4) SIA
Question 27
A dealer shall keep records in sufficient details to show
separately particulars of all transactions by the dealer with:
(i) the clients of the dealer
(ii) the dealer himself on dealings on his own account
(iii) the dealers representative
(iv) associate of the dealer
(A) (i) and (iv) only
(B) (ii) and (iii) only
(C) (i), (ii) and (iii) only
(D) All of the above
New-s.45 SIA
Question 28
Under the Code on Take-Overs and Mergers, a shareholder must
make a mandatory offer to acquire the company if the shareholder
holds more than:
(A) 21 per cent of the voting shares
(B) 33 per cent of the voting shares
(C) 49 per cent of the voting shares
(D) 51 per cent of the voting shares
New- s.40A
Question 29
The Securities Industry Act 1983 requires an adviser to have a
reasonable basis in making his recommendation to a person. Which of
the following constitute elements of reasonable basis?
(i) The adviser has taken into account the investment objectives
of that person
(ii) Consideration has been given on the subject matter of the
recommendation by the adviser
(iii) The adviser has conducted due diligence on the subject
matter of the recommendation
(iv) The financial situation and particular needs of the person
considered by the adviser
(A) (i) and (iv) only
(B) (ii) and (iii) only
(C) (i), (ii) and (iii) only
(D) All of the above
New-s.67 SIA
Question 30
Alpha-X Securities Bhd. has been a licensed dealer since 1995.
Upon becoming a licensed dealer, Alpha-X Securities Bhd.
contributed RM30,000 to the compensation fund. In 1996 and 1997,
Alpha-X Securities Bhd contributed RM10,000 annually. In November
1998, Alpha-X Securities was suspended. Which of the following
statement is CORRECT relating to Alpha-X Securitiess contributions
to the compensation fund? Alpha-X Securities Bhd.:
(A) can request a refund on the yearly payment to the
compensation fund but not the initial RM30,000
(B) will have to let the exchange to use its discretion on the
percentage of the contribution that can be refunded
(C) will have to pay RM10,000 to the compensation fund for 1999
before 31st December 1999
(D) can request a refund of the yearly payment and need not pay
for 1999
New-3.4.3(5)
Question 31In recommending a client on securities transactions,
a Dealers Representative must take into account the suitability of
the client as well as the clients investment objectives and
financial background. Which officer in the organisation is
responsible to ensure that the rule has been complied with?
(A) Executive Director-Operation
(B) Compliance Officer
(C) Audit Officer
(D) Credit Controller
New-3.4.4(2)
Question 32
Which of the following information must be recorded and
maintained in opening a clients account?
(i) Types of transactions for which the account is approved
(ii) Name of the officer which approved the opening of the
account
(iii) Amount of commission charged in respect of each
transaction
(iv) The counterparty to the transaction
(A) (i) and (ii) only
(B) (iii) and (iv) only
(C) (i), (ii) and (iii) only
(D) All of the above
New-3.6.3
Question 33
What is the maximum period given to a Member Company to replace
a Compliance Officer who has resigned?
(A) Three (3) months
(B) Six (6) months
(C) Nine (9) months
(D) Twelve (12) months
New-4.4.1(2)
Question 34
Which of the following conditions may be taken by the Committee
upon the declaration of any listed securities as Designated
Securities?
(i) A restriction on all trading of the Designated
Securities
(ii) A restriction of all dealings of Designated Securities to
delivery before sale bargains
(iii) A prohibition on any sale of the Designated Securities
unless the seller delivers the Designated Securities to the Member
Company at the time of entering into the contract sale
(iv) A margin of cover for all dealings relating to such
Designated Securities
(A) (i) and (iii) only
(B) (ii) and (iv) only
(C) (ii), (iii) and (iv) only
(D) All of the above
New-4.8.2(7)
Question 35
Audrey, a Commissioned Dealers Representative for Miharja
Securities Bhd. transacted securities for a client on Tuesday. The
brokerage charged on the transaction by Miharja Securities Sdn.
Bhd. is RM1,000. What is the maximum amount of commission Audrey is
entitled to?
(A) RM200
(B) RM300
(C) RM400
(D) RM500
New-5.3.4
Question 36
The aggregate outstanding balances in the margin accounts
maintained by all clients of a Member Company shall not exceed
____________of the Adjusted Capital of the Member Company.
(A) 75 per cent
(B) 100 per cent
(C) 130 per cent
(D) 150 per cent
New-5.3.5
Question 37
Permata Securities Sdn. Bhd. has an Adjusted Capital of RM10
million. Lim, a client of Permata Securities Sdn. Bhd. has
requested for a credit facility for trading of securities. What is
the maximum amount of credit can Permata Securities Sdn. Bhd.
provide for Lim?
(A) RM1 million
(B) RM2.5 million
(C) RM3 million
(D) RM5 million
2-6-29(2-6-page 10)
Question 38
Under the Securities Industry Act 1983, a licensed
representative must do all of the following EXCEPT:
(A) have a reasonable basis for any recommendation made
(B) keep a Register of Securities
(C) provide information at the request of the Securities
Commission
(D) keep a record of training courses attended
New-9.5.3(3)
Question 39
As a general rule, a Member Company must calculate and monitor
its Capital Adequacy Ratio and report to the Exchange:
(A) on a daily basis and not later than 4.00 p.m. on the
following market day
(B) on a weekly basis, not later than 4.00 p.m. on the first
market day of the following week
(C) on a monthly basis, not later than 4.00 p.m. on the tenth
calendar day after the end of the month
(D) on a quarterly basis, not later than 4.00 p.m. of the first
week of the following quarter
New-11.1.3
Question 40
In the event where a Member Company has failed to maintain its
Capital Adequacy Ratio, which of the following actions may be taken
immediately by the Committee?
(i) Prohibit or restrict the Member Company from carrying out or
transacting the business of dealing in securities
(ii) The Committee can appoint one or more persons to perform
any duties or functions with respect to the operation or management
of the Member Company
(iii) The committee can appoint one or more persons for the
purpose of advising the Member Company on any matters relating to
the business operation or management of the Member Company
(iv) To appoint one or more receivers or managers to manage the
whole business affairs and property of the Member Company
(A) (i) and (ii) only
(B) (iii) and (iv) only
(C) (ii) and (iii) only
(D) (i), (ii) and (iii) only
New-11.2.1
Question 41A Dealers Representative was found guilty by the
Committee to the act of falsifying particulars of clients account.
Which of the following actions may be taken by the Committee:
(i) a reprimand
(ii) a fine
(iii) a suspension of his right to trade
(iv) having his name struck off the register of Dealers
Representative
(A) (i) only
(B) (ii) only
(C) (i), (ii) and (iii) only
(D) All of the above
New-Schedule 2A
Question 42Select the CORRECT statements regarding the
settlement for a ready basis contract.
(i) In respect of payment by buying clients to Member Companies,
not later than 12.30 p.m. by the third (3rd) market day following
the contract date
(ii) In respect of payment by the Clearing House to the net
selling Member Companies, not later than 10.00 a.m. on the third
(3rd) market day following the contract date
(iii) In respect of payment by the net buying Member Companies
to the Clearing House, not later than 10.00 a.m. on the third (3rd)
market day following the contract date
(iv) In respect of payment by Member Companies to selling
clients, not later than 12.30 p.m. on the third (3rd) market day
following the contract date
(A) (i), (ii) and (iii) only
(B) (ii), (iii) and (iv) only
(C) (i), (ii) and (iv) only
(D) All of the aboveNew-Schedule 2A
Question 43Salmah bought one lot of PQR shares on Tuesday
1/5/1999. The latest date for the shares to be delivered into her
CDS account is:
(A) 9.00 a.m. Friday 4/5/1999
(B) 3.00 p.m. Monday 7/5/1999
(C) 9.00 a.m. Tuesday 8/5/1999
(D) 9.00 a.m. Wednesday 9/5/1999New-Schedule 2A
Question 44
Malik bought one lot of KLM shares on Monday 1/5/1999. Malik has
to make full settlement with his broker before:
(A) 4.00 p.m. on Tuesday 9/5/1999
(B) 12.30 p.m. on Thursday 4/5/1999
(C) 4.00 p.m. on Friday 5/5/1999
(D) 12.30 p.m. on Monday 8/5/1999New-5.2.3
Question 45
Raj is a director in Prime Securities Sdn. Bhd. He wishes to buy
MNO shares through his trading account with West Securities Sdn.
Bhd. As a director of a Member Company, Raj has to obtain a written
consent from the:
(A) board of directors of Prime Securities Sdn. Bhd.
(B) board of directors of West Securities Sdn. Bhd.
(C) Compliance officer of Prime Securities Sdn. Bhd.
(D) Compliance officer of West Securities Sdn Bhd.
New-Article 8.8
Question 46
Jati Securities Sdn. Bhd. was found guilty of breaches of the
Rules of KLSE by the Committee and was fined RM150,000 on 1/5/19XX.
Select the CORRECT statement regarding the failure to abide by the
decision imposed by the Committee.
(A) Failure to pay the fine within fourteen (14) days could lead
to the suspension of Jati Securities Sdn. Bhd. from further
trading
(B) Jati Securities Sdn. Bhd. must pay the fine within
twenty-one (21) days failing which, Jati Securities Sdn. Bhd. will
be suspended as a Member within the stipulated period determined by
the Committee
(C) Jati Securities Sdn Bhd. must pay the fine within fourteen
(14) days failing which, Jati Securities Sdn. Bhd. will be expelled
from the Exchange
(D) Failure to pay the fine within seven (7) days would lead to
the suspension of Jati Securities Sdn. Bhd. and face public
reprimand
New-3.6.2
Question 47
Which of the following are the duties of a Compliance
Officer.
(i) Handling the complaints of clients and reporting the action
taken to the board
(ii) Reviewing application forms and documents of accounts
opened by clients
(iii) Approving transaction by Directors of Member Company
(iv) Reviewing proprietary trading of the Member Company
undertaken by a Salaried Dealers Representative
(A) (i) and (iii) only
(B) (ii) and (iv) only
(C) (i) and (iv) only
(D) All of the above
New-4.1.1
Question 48
Select the CORRECT statements regarding proprietary trading.
(i) Commissioned Dealers Representative can undertake
proprietary trading on behalf of the Member Company
(ii) All proprietary trading of the Member Company undertaken by
a Salaried Dealers Representative shall be subjected to review by
the Compliance Officer
(iii) No Salaried Dealers Representative undertaking proprietary
trading on behalf of the Member Company shall deal on behalf of the
Member Companys clients
(iv) Member Companies shall submit to the Exchange a list of all
its Dealers Representatives conducting clients trading and
proprietary trading respectively on a monthly basis to the
Exchange
(A) (iii) and (iv) only
(B) (i), (ii) and (iii) only
(C) (ii), (iii) and (iv) only
(D) All of the above
1/39
Question 49Select the TRUE statements relating to the
qualifications, functions and responsibilities of an Executive
Director.
(i) The Executive Director Operations oversees the functions of
the Compliance Officer
(ii) All Executive Directors have to be a member of a recognised
stock exchange
(iii) He must pass an examination as stipulated by the exchange
and the Commission
(iv) An Executive Director who resigns must notify the exchange
not less than thirty (30) days in writing
(A) (i) and (iii) only
(B) (ii) and (iv) only
(C) (i), (iii) and (iv) only
(D) (ii), (iii) and (iv) only
New-7.2.2(1)(b)
Question 50
Suria Securities Sdn. Bhd. and Purnama Securities Sdn. Bhd.
agreed upon a Direct Business Transaction on Monday 4.00 p.m. When
must this transaction be reported to the Exchange?
(A) Within fifteen (15) minutes after the transaction is
completed
(B) Within fifteen (15) minutes on the following market day
(C) On the following market day, within thirty (30) minutes
before commencement of the morning trading session
(D) On the following market day, within thirty (30) minutes of
the morning trading session
Question 51
Arcadia Bhd., a Member Company, has shareholders fund (including
reserve fund) of RM9.2 million. Audited profit after tax for the
year 1998 is RM50 million. How much must Arcadia Bhd. transfer into
its Reserve Fund?
(A) RM2.5 million
(B) RM5 million
(C) RM7.5 million
(D) RM10 million
1-3-3(1-3-page 8)
Question 52Which of the following are TRUE about unlimited
companies.
(i) Shareholders are jointly and severally liable without limit
for the debts of the company if it is wound up through
insolvency
(ii) They are usually used to passively hold property and
investments where liabilities are unlikely to be incurred
(iii) One member may be required by the companys liquidator to
pay the debts without seeking a contribution from the other
members
(iv) It is possible for an unlimited company to convert to a
limited company
(A) (i) and (ii) only
(B) (ii) and (iv) only
(C) (i), (ii) and (iii) only
(D) All of the above
1-3-10(1-3-page 11)
Question 53
Which of the following describes authorised capital.
(A) The maximum amount of share capital as stated in the
companys memorandum
(B) Part of the share capital that has been issued or alloted to
shareholders
(C) The share capital that has been issued or alloted to
shareholders
(D) The amount of the share capital that has been subscribed by
the share owners
1-4-21(Listing Rules)
Question 54
The following are the relevant criteria for listing under the
KLSE Listing Requirements EXCEPT:
(A) paid-up capital
(B) length of time in business
(C) forecast market share
(D) track record
1-5-21(1-5-page 10)
Question 55
Matching of orders is done during trading by which
preferences:
(A) price only
(B) size of spread
(C) price and time
(D) size of order and price
1-5-24(1-5-page 3)
Question 56
Without an approval of extension from the Commission, a dealer
shall lodge an auditors report to the Commission within:
(A) one (1) month after the close of the financial year
(B) two (2) months after the close of the financial year
(C) three (3) months after the close of the financial year
(D) five (5) months after the close of the financial year
2-2-6
Question 57
A Member may resign from KLSE by giving at least __________
notice.
(A) seven (7) days
(B) fourteen (14) days
(C) twenty-one (21) days
(D) thirty (30) days
Question 58
Four clients of ABC stockbroking company sell 1,000, 2,000,
3,000 and 4,000 of X securities respectively and one client of ABC
buys 20,000 X securities. For the stockbroking company under SCANS,
this will result in:
(A) a net sell of 10,000 shares
(B) a gross sell of 10,000 shares
(C) a net buy of 10,000 shares
(D) a gross buy of 20,000 shares
2-3-6(2-3)
Question 59
Hassan accepts Woons proposal to manage his investment portfolio
for him by sending a letter by post together with a cheque for the
first quarters fee. Hassan is deemed to accept Woons proposal:
(A) within a reasonable period of the letter being posted
(B) when Woon cashes Hassans cheque
(C) when Hassan posts his letter to Woon
(D) when Hassans letter is received by Woon
New-9.5.3
Question 60
Every Member Company must maintain the Capital Adequacy Ratio.
Which of the following are conditions prescribing the computation
of the Capital Adequacy Ratio?
(i) Its Liquid Capital is at all times greater than its Total
Risk Requirements
(ii) Its Gearing must be at all times less than 50 per cent
(iii) Its Core Capital is at all times greater than its
Operational Risk Requirements
(iv) Its Current ratio is at least 2:1
(A) (i) and (iii) only
(B) (ii) and (iv) only
(C) (i), (ii) and (iii) only
(D) All of the above
Taken from Q10, M6S3 (A)
(20 Oct 2000)
Changed answer from (D) to (C)
(17 July 2001)
Taken from Q6, M6S3 (C)
(20 Oct 2000)
Taken from Q8, M6S5
(20 Oct 2000)
Taken from Q2, M6S4 (A)
(20 Oct 2000)
Taken from Q49, M6S5
(20 Oct 2000)
Taken from M6S3, Q53
(17 July 2001)
Taken from M6S3, Q54
(17 July 2001)
Taken from M6S3, Q56
(17 July 2001)
Taken from Q16, M6S4
(20 Oct 2000)
Taken from M6S3, Q33
(17 July 2001)
Taken from Q46, M6S4
(20 Oct 2000)