The CMFAS M1A exam comprises of 100 questions, time given is 2 hours and the passing mark is 75%.
M1A (Set 1)
M1A (Set 1)
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3 Apr 2025
CMFAS M1A Exam Question:
A Capital Market Services (CMS) Licence Holder for dealing in securities can trade on a stock market if it entered into a transaction on behalf of a principal whereby the instruction of the principal:
a) was allowed by the CMS Licence Holder.
b) was advised by the CMS Licence Holder.
c) was not solicited by the CMS Licence Holder.
d) was not incited by the CMS Licence Holder.
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M1A (Set 2)
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3 Apr 2025
CMFAS M1A Exam Question:Which of the following statements regarding a Designated Market-Maker is FALSE?
a) All trades done by a Designated Market-Maker in any Specified Securities must be routed through a CMS licence holder.
b) A person must be registered with SGX-ST as a market-making representative to receive and execute orders on behalf of the Designated Market-Maker.
c) A Designated Market-Maker must submit periodic returns as SGX-ST requires.
d) A CMS licence holder must not execute a contract on SGX-ST unless it is qualified by a Clearing Member.
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PGI Set A
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3 Apr 2025
PGI Exam Question:Which of the following statements regarding Blanket Coverage is FALSE?
a) The insurer will pay the amount required to repair or replace the article less depreciation
b) The insurer will not pay more than the amount of blanket coverage in the category
c) The insurer will not pay more than the amount of blanket limit per item for loss to any one article
d) The insurer will pay the insured in cash the replacement cost of the article if mutually agreed upon
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FMRP (Set 2)
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3 Apr 2025
FMRP Exam Question:Which of the following actions cannot be taken when a Broker cannot substantiate his quotation on an Interest Rate Swap?
a) The Broker should close the deal at the next available price and settle the difference.
b) In the absence of prior arrangements, differences are payable on spot date.
c) The Broker can settle the difference by sending a cheque for the amount to the Principal.
d) Principals can request that the deal be contracted at the original rate instead of receiving a settlement of the difference.
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PGI Set B
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3 Apr 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.
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M1B M6A BCP PGI HI M8A
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