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Total 420 Questions | Updated On: Nov 18, 2024

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Question 1

What is the minimum basis on which a BCP should be updated and tested?

A : Whenever the BCP procedures are changed

B : Every 3 months

C : Every 6 months

D : Yearly

Answer: D

Question 2

When an employee executes a personal trade in advance of a client's or institution's order to benefit from the anticipated movement in the market price following the execution of a large trade, it is called:

A : forward-facing

B : insider dealing

C : front running

D : ex ante trading

Answer: C

Question 3

Which one of the formulae below is correct?

A : Long a FRN + pay floating on a swap = long a synthetic straight bond.

B : Long a FRN + pay fixed on a swap = long a synthetic straight bond

C : Long a FRN + pay floating on a swap = short a synthetic straight bond

D : Long a FRN + receive floating on a swap = long a synthetic straight bond

Answer: A

Question 4

What is a long strangle option strategy?

A : A long call option + short put option with higher strike price than the call option

B : A long call option + long put option with a lower strike price than the call option

C : A short call option + short put option with a higher strike price than the call option

D : A short call option + short put option with a lower strike price than the call option

Answer: B

Question 5

Which of the following statements about Credit Default Swaps (CDS) is correct?

A : CDS provide protection against specified credit events to the party receiving the CDS premium payments.

B : CDS provide protection against the default of the trade counterparty that buys the CDS.

C : CDS provide compensation to the protection buyer, should a specified credit event occur to a third party entity.

D : CDS are used to recover funds from defaulted swap counterparties.

Answer: C

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Total 420 Questions | Updated On: Nov 18, 2024

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