SOFQ by ICMA Valid Free Exam Practice Test

ICMA Securities Operations Foundation Qualification (SOFQ) - SOFQ Exam Practice Test

Question 1

A European country that has not adopted the Euro is:

A. Belgium B. Slovenia C. Norway D. Slovakia

Correct Answer: C

Question 2

Grey market trading refers to:

A. Trading in a new issue of bonds by parties not involved in the syndication process B. Trading of equity and bonds by investors aged 65 and over at the start of the tax year C. Trading in corporate bonds following the bondholder's decision to take-up a put option D. Trading in convertible and exchangeable bonds prior to their conversion

Correct Answer: A

Question 3

The type of organisation that provides securities underwriting services is known as a

A. Commercial bank B. Insurance company C. Pension fund D. Investment bank

Correct Answer: D

Question 4

IPO' stands for:

A. Initial Public Offering B. Inclusive Pre Offering C. Integrated Post Offering D. International Private Offering

Correct Answer: A

Question 5

A bond which pays no interest during its lifetime sand repays capital on its maturity date is known as:

A. A zero interest bond B. A zero interest note C. A nil interest bond D. A zero coupon bond

Correct Answer: D