The RES 12B exam comprises of 60 questions, time given is 1.5 hours and the passing mark is 75%.
RES 12B (Set 2)
RES 12B (Set 2)
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4 Aug 2025
CMFAS RES 12B Exam Question:
Your client insists on buying a leveraged derivative product but you believe it is beyond their stated risk appetite. They sign a risk acknowledgment form and waive advice. Which action is MOST in line with MAS?
a) Proceed only if the form is countersigned by your supervisor.
b) Proceed, document client’s request, and ensure the product factsheet is provided.
c) Decline the transaction and escalate the case to compliance.
d) Strongly caution the client and proceed if they accept responsibility in writing.
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RES 12B (Set 1)
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4 Aug 2025
CMFAS RES 12B Exam Question:During an internal review, you discover that your colleague has been delaying trade confirmations to clients to give your desk more pricing flexibility during volatile hours. This practice is not documented but has been internally encouraged to “manage client expectations”. What is your BEST course of action, considering MAS Guidelines on Individual Accountability and Conduct?
a) Confront your colleague and warn him not to do it again.
b) Raise the issue to your team lead and suggest tightening internal procedures.
c) Report the practice to compliance immediately, even if it implicates your team.
d) Do nothing since you didn’t initiate the behaviour.
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M5 (Set 2)
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CMFAS M5 Exam Question:A financial adviser must disclose all of the following except:
a) any lien imposed on a life policy.
b) the bid and offer prices of a collective investment scheme with a single pricing scheme.
c) the risk factors that may result in the benefits payable to be less than that illustrated in the benefit illustration.
d) whether the units of a collective investment scheme will be priced on a historical or forward basis.
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M1B (Set 1)
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CMFAS M1B Exam Question:A person who is aware of an investigation regarding a money laundering case and discloses to any other person information which is likely to prejudice the investigation is guilty of a:
a) money laundering offence.
b) tipping-off offence.
c) suspicious transaction reporting (STR) offence.
d) failure to comply with Production Order offence.
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M6 (Set 2)
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CMFAS M6 Exam Question:Which of the following statements regarding Convertible Bonds is FALSE?
a) They have greater appreciation potential than corporate bonds.
b) They are less vulnerable to losses if the issuer defaults compared to corporate bonds.
c) Holders of convertible bonds have a lower priority to claim the issuing company’s assets than investors in corporate bonds.
d) They typically offer lower yields than corporate bonds.
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PGI Set B
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4 Aug 2025
PGI Exam Question:Which of the following statements correctly describes the term Subrogation?
a) The insurer need not to pay any claims if the claims are fraudulent.
b) The insurer has the right to pursue the wrong-doer in the insured’s name.
c) The insured must inform the insurer in writing of any change of circumstances which can increase the possibility of loss, injury or damage.
d) The insurer and the insured have the right to cancel the policy if mutually agreed upon.