FCA Sample Exam

FCA Sample Exam When a shareholder delegates the right to vote at an AGM to another person, which of the following statements is TRUE? - They appoint a proxy Which of the following normally have voting rights attributed to them at the time of issue? - Ordinary shares A fund manager has decided to adopt a `core-satellite` approach to its investment strategy. The key characteristic of this strategy is that it combines: - active management with passive management The published spread of a unit trust price is the difference between which of the following? - the selling and buying prices of the units What is the MAXIMUM compensation award that the Financial Ombudsman can make a firm pay? - 150,000 Which of the following is a measure of inflation in the UK - Retail Price Index What does the seller of an option normally acquire? - An immediate premium The profits made from full encashment of which ONE of the following products will be treated for tax purposes as income rather than capital gains? - Investment bonds A capitalisation issue would have which of the following effects on an investor`s shareholding? - The number of shares will change Capital Gains Tax is payable on which of the following assets? - The sale of equities Spot FX is traded on Tuesday. When will the currency arrive in the recipients` bank - Thursday The obligation to buy an underlying stock at an agreed price at a specified future date is known as a: - future Which of the following financial activities is MOST likely to be carried out in the retail sector? - Financial planning What protection product would be MOST suitable for a company that employs a consulting engineer because of his detailed knowledge of a particular project? - Business insurance Which of the following is a characteristic of direct investment in property compared to other investments? - It offers low volatility