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            Financial



            FINRA







            FINRA Administered Qualification Examination










            https://killexams.com/pass4sure/exam-detail/FINRA









               D. Investment performance   being inconsistent with the expectations provided by the investment


               advisor


               Answer: B


               QUESTION: 39
               What occurs when parties engage in matching purchases?


               A. A significant increase   in outstanding shares
               B. An artificial increase in the market value of a security
               C. Small shareholders realize capital losses
               D. The parties pay a lower commission


               Answer: B


               QUESTION: 40

               Under what circumstances may a   registered agent represent multiple registered broker-dealers?


               A. With written permission from the broker-dealers
               B. When the broker-dealers are affiliated with each other
               C. With written permission from the SEC
               D. With written permission from FINRA


               Answer: B



               QUESTION: 41

               Which is  not  part of   the criteria in  the  Investment  Company Act  of 1940 requirement for an


               investment fund to be considered a mutual fund?


               A. A minimum of 100 investors
               B. A minimum of $100,000 in seed money
               C. Must have sponsors, a board of directors, investment advisors, transfer agents and custodians
               D. Must maintain a diversified portfolio that follows the 75-5-10 rule

                Answer: D








                                                             14














               QUESTION: 42

               What must happen before a mutual fund can assess 12B-1 fees to customers?


               A. The fees must be approved by the SEC
               B. A majority vote from the board of directors
               C. A majority vote from the Board of Directors and the shareholders
               D. Fees must be stated in the fund prospectus


               Answer: C



               QUESTION: 43

               Which type of investment sells bonds to investors as equity stakes?


               A. Unit investment trust
               B. Contractual plan
               C. Face   amount certificate
               D. Front-end load contractual plan


               Answer: A



               QUESTION: 44
               Money market securities must mature in how many    months?



               A. 6
               B. 12
               C. 13
               D. 24


               Answer: C


               QUESTION: 45







                                                             15








                              settlement option for a variable annuity allows the annuitant to make withdrawals
               Which type of
               in any   amount he chooses?


               A. Unit refund life   annuity
               B. Joint and last survivor
               C. Random withdrawal
               D. Life with period certain


               Answer: C


































































                                                             16








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