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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 savings
B:Issuing, buying, and selling long-term securities
C:Managing foreign exchange rates
D:Regulating financial institutions
2

What type of securities are traded on the primary market?

A:Existing securities
B:Newly issued shares and bonds
C:Derivatives
D:Short-term instruments
3

Which of the following is a role of the secondary market?

A:Creating new securities
B:Providing liquidity
C:Setting prices for new securities
D:Regulating financial institutions
4

What type of instrument gives the holder fixed dividends and preferential claims on assets but usually limited voting rights?

A:Ordinary Shares
B:Preference Shares
C:Corporate Bonds and Debentures
D:Government Bonds
5

What organization serves as the apex regulatory authority in the Nigerian capital market?

A:Securities and Exchange Commission (SEC)
B:Nigerian Exchange Group (NGX)
C:Central Securities Clearing System (CSCS)
D:Financial Markets Dealers quotations (FMDQ)
6

Which of the following factors contributes to low investor confidence in the Nigerian capital market?

A:Market transparency and disclosure
B:Macroeconomic stability
C:Limited product diversification
D:Regulatory gaps and weak enforcement
7

What initiative is expected to enhance transparency and broaden access in the Nigerian capital market?

A:Blockchain-based clearing
B:Crowdfunding platforms
C:Fintech integration
D:All of the above
8

What is the primary role of the Central Securities Clearing System (CSCS) in the Nigerian capital market?

A:Ensuring electronic clearing, settlement, and custody of securities
B:Providing the trading infrastructure and setting operational standards for brokers and dealers
C:Setting listing and disclosure requirements for issuers
D:Facilitating trading in fixed income, derivatives, and money market instruments
9

What is the main objective of capital market operations?

A:Mobilizing short-term savings
B:Providing liquidity for investors
C:Facilitating long-term investment and industrial growth
D:Regulating financial institutions
10

What is one of the challenges faced by the Nigerian capital market?

A:Low public awareness of capital market opportunities
B:Limited product diversification
C:Macroeconomic instability
D:All of the above
E:None of the above
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