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CustomExam Practice Test

Custom Exam Prep Plan10 Questions20 min
Custom Exam Prep PlanCustomExam

CustomExam Practice Test

Practice test for Custom Exam Prep Plan

10Questions
20Minutes
i

About This Test

This practice test is designed to help you prepare for the CustomExam exam. It contains 10 questions and has a time limit of 20 minutes.

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Important Questions

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1

What is the primary function of the capital market?

A:Mobilizing short-term funds
B:Providing a platform for trading previously issued securities
C:Transforming savings into investment
D:Speculating on price movements
2

Which of the following is a type of debt instrument in the capital market?

A:Ordinary Shares
B:Preference Shares
C:Corporate Bonds and Debentures
D:Exchange-Traded Funds (ETFs)
3

What is the role of the Securities and Exchange Commission (SEC) in the Nigerian capital market?

A:Providing the trading infrastructure
B:Licensing market operators and enforcing disclosure requirements
C:Setting operational standards for brokers and dealers
D:Ensuring electronic clearing, settlement, and custody of securities
4

What are the major challenges facing the Nigerian capital market?

A:Low investor confidence, Limited product diversification, Macroeconomic stability, High public awareness
B:Regulatory gaps and weak enforcement, Infrastructure and technological gaps, Inflation, Market volatility
5

Which of the following is a segment of the capital market where issuers sell new securities to raise fresh capital?

A:Primary Market
B:Secondary Market
C:Derivatives Market
D:Commodity Market
6

What type of security represents ownership interest in a firm with voting rights and residual claims on profits?

A:Ordinary Shares
B:Preference Shares
C:Corporate Bonds and Debentures
D:Government Bonds
7

How does the capital market contribute to financial deepening?

A:By facilitating the exchange of long-term funds between surplus and deficit economic units
B:By providing a platform for the trading of previously issued securities
C:By promoting good corporate governance
D:By ensuring liquidity for investors
8

Which of the following institutions acts as the central depository for all traded securities in Nigeria?

A:Central Bank of Nigeria (CBN)
B:Nigerian Stock Exchange (NSE)
C:Central Securities Clearing System (CSCS)
D:Securities and Exchange Commission (SEC)
9

What is the primary objective of the Nigerian Capital Market Institute (NCMI)?

A:Providing professional training to strengthen human capacity in market operations
B:Facilitating trading in fixed income, derivatives, and money market instruments
C:Setting operational standards for brokers and dealers
D:Ensuring electronic clearing, settlement, and custody of securities
10

Which of the following is an example of a recent innovation in capital markets?

A:Ordinary Shares
B:Preference Shares
C:Exchange-Traded Funds (ETFs)
D:Commercial Paper
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