AG912 Exam Revision | 130 Questions with 100% Correct Answers | Updated & Verified

Which one of the following is not part of a bond covenant? A. Dividend restrictions B. Collateral C. Subordination clause D. Sinking Fund E. Closed-end Fund - E. Closed-end fund Which three of the following are not open to the general public in the UK? I. Hedge Funds II. Mutual Funds III. Pension Funds IV. Sovereign Wealth Funds V. unregulated collective investment schemes (UCIS) A. II, III and V B. I, IV and V C. II, III and IV D. I, II and III E. I, II and IV - e. I, IV and V The London Stock Exchange (LSE) operates: A. an order-driven market B. a quote-driven market C. a hybrid order-and quote driven market D. all of the above E. none of the above - D. all of the above A market in which financial intermediaries operate is characterised as direct financing. A. True B. False - b. False According to Rock (1986), initial public offerings (IPOs) are underpriced to ensure participation of investor in primary markets. A. True B. False - In UK IPOs, at least 25% of shares must be available for trading. A. True B. False - a. True Which of the following is a disadvantage of a pay-as-you-earn state pension scheme, such as the one in the UK? A. Low administration costs for employees B. Funds available even as population ages C. Fewer contributors relative to beneficiaries as aging population increases D. Low age at which people qualify for state pension E. Availability of a sovereign wealth fund -