3I0-012問題集、ACI実際の試験問題

質問 1

Which of the following transactions would have the effect of shortening the average duration of liabilities in the banking book?

A. selling futures contracts on 30-year German Government bonds

B. replacing retail savings accounts with 3-month borrowings under repo

C. placing a 20-year covered bond in the market

D. selling holdings of 30-year German Government bonds

正解: B

質問 2

In spite of having agreed to a deal, dealers are not bound to the deal if it is subject to documentation. The Model Code:

A. Recommends that national ACI Associations deal with this according to their local customs.

B. Urge dealers to be bear this in mind, as this is common practice for capital market deals.

C. Does not comment on this matter.

D. Does not regard this as a good practice.

正解: D

質問 3

What is interest rate immunization in the context of bank gap management?

A. structuring a bank's portfolio so that its net interest revenue and/or the market value of its portfolio will not be adversely affected by changes in interest rates

B. the strategy of holding more interest rate sensitive assets than interest rate sensitive liabilities

C. reducing the size of the balance sheet

D. the strategy of holding fewer interest rate sensitive assets than interest rate sensitive liabilities

正解: C

質問 4

Which of the following statements about operational risk awareness is correct?

A. A report describing operational risks should be made at the request of the front office.

B. A report describing operational risks should be made at least once a year and provided to the front office.

C. It is good practice to collect and disclose incidents and near-misses for the future benefit of the professional community.

D. It is good practice to collect and analyze incidents and near-misses so as to set up preventive action plans for the future.

正解: D

質問 5

You have just sold USD 5,000,000.00 spot against JPY. What type of risk does not apply?

A. Market risk

B. Basis risk

C. Settlement risk

D. Credit risk

正解: B

質問 6

In the unforeseen event that a particular maturity date is declared a public holiday, what is normal market practice for spot FX?:

A. Shorten the contract to the previous business day

B. A new maturity date has to be agreed by the two parties involved

C. Extend the contract to the next business day

D. ACI's Committee for Professionalism decides on a case by case basis

正解: C

質問 7

You have a short position of 50 EURODOLLAR futures contracts. You can hedge your position by:

A. Selling a put option on the contract

B. Selling a FRA for a similar notional amount

C. Selling a call option on the contract

D. Buying a FRA for a similar notional amount

正解: B

質問 8

Which one of the following statements is true?

A. Brokers should only show the names of banks to counterparties who provide good liquidity to the brokered market.

B. Brokers should only show the names of banks to counterparties whom they know well.

C. Brokers should only show the names of bank counterparties if both sides display a serious intention to transact

D. Brokers should only show the names of banks to counterparties who have prime credit ratings.

正解: C

質問 9

What is the ISO code for the currency of China?

A. CHR

B. CNR

C. CHY

D. CNY

正解: D

質問 10

Under what circumstances are banks allowed to "park" deals or positions with a counterparty?

A. in conditions of exceptional volatility

B. only if "parking" of deals or positions has been approved by senior management

C. only if the two counterparties to the deal agree

D. Not under any circumstances, since the "parking" of deals or positions should be prohibited

正解: D

質問 11

Principals are allowed to:

A. deal from within a broker's dealing room with the permission of the broker's management

B. place an order with a broker from within the same broker's office

C. visit a broker's dealing room to arrange or confirm deals

D. visit a broker's dealing room with the permission of the management of both parties

正解: D

質問 12

Extended trading hours and off-premises dealing can involve additional hazards, the avoidance of which requires clear controls. The Model Code prescribes best market practice. Which of thefollowing is true?

A. Deals transacted after normal business hours or off-premises either by mobile phones or any other equipment should only be undertaken with the approval of management.

B. Off-premises dealing should be strictly prohibited.

C. After-hours trading should be prohibited.

D. Deals transacted after normal business hours or off-premises should only be undertaken on mobile phones approved by management.

正解: A

質問 13

Under what conditions can an FX broker act as a position taker?

A. only if he can not find another counterparty for a name switching

B. no conditions are required; the broker is entitled to take positions

C. brokers act only as intermediaries or arrangers of deals

D. if a principal refuses to honour the deal

正解: C

ACI Dealing Certificate - 3I0-012 模擬練習