ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 71:

  In order to be introduced in a controlled manner, which areas should be involved before a new product or business strategy is launched?

  A. Product Control, Legal and Compliance, Front Office, Treasury and Operations
  B. Senior management only
  C. Front Office and Treasury Middle Office
  D. All relevant areas
  D. All relevant areas

• Question 72:

  What would be the strategy for a bank if it is unable to speculate on interest rates and/or unable to absorb market risk?

  A. to run a zero gap
  B. to hold more interest rate sensitive assets than interest rate sensitive liabilities
  C. to reduce the size of the balance sheet
  D. to hold fewer interest rate sensitive assets than interest rate sensitive liabilities
  A. to run a zero gap

• Question 73:

  The Chairman and members of the ACls Committee for Professionalism are ready to assist in resolving disputes through the ACIs Expert Determination Service in situations where:

  A. The amount of the deal exceeds EUR 5 million.
  B. The local regulator or central bank declines to intervene.
  C. Litigation has already commenced.
  D. At the request of one of the counterparties.
  D. At the request of one of the counterparties.

• Question 74:

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

  A. if a principal refuses to honour the deal
  B. no conditions are required; the broker is entitled to take positions
  C. only if he can not find another counterparty for a name switching
  D. brokers act only as intermediaries or arrangers of deals
  D. brokers act only as intermediaries or arrangers of deals

• Question 75:

  What is a "normal" shaped curve?

  A. Gradual positive slope
  B. Steep positive slope
  C. Flat
  D. Inverted
  A. Gradual positive slope

• Question 76:

  The seller of a put option has:

  A. Substantial opportunity for gain and limited risk of loss
  B. Substantial risk of loss and substantial opportunity for gain
  C. Limited risk of loss and limited opportunity for gain
  D. Substantial risk of loss and limited opportunity for gain
  D. Substantial risk of loss and limited opportunity for gain

• Question 77:

  Which of following terms is not used as an expression for dates other than regular dates/periods?

  A. cock dates
  B. broken dates
  C. odd dates
  D. weird dates
  D. weird dates

• Question 78:

  It is June. You are over-borrowed from October to January on your deposit book. How would you hedge using FRAs?

  A. Sell 3x6
  B. Buy 3x6
  C. Sell 4x7
  D. Buy 4x7
  C. Sell 4x7

• Question 79:

  Under Basel III the Credit Value Adjustment will apply to:

  A. bilaterally cleared ABS trades only
  B. exchange traded derivatives only
  C. derivatives cleared via a CCP
  D. bilaterally settled OTC derivatives trades
  D. bilaterally settled OTC derivatives trades

• Question 80:

  Which one of the following is a major objective of ACI-The Financial Markets Association?

  A. to promote globalization and deregulation of the financial markets
  B. to maintain the professional level of competence and to disseminate a high level of ethical and professional behavior
  C. to act as the official international market regulator in the absence of government regulation
  D. to become the sole global corporation of wholesale financial market professionals
  B. to maintain the professional level of competence and to disseminate a high level of ethical and professional behavior