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Free ICMA SOFQ Practice Exam with Questions & Answers | Set: 2

Questions 11

The type of organisation that provides securities underwriting services is known as a

Options:
A.

Investment bank

B.

Insurance company

C.

Commercial bank

D.

Pension fund

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Questions 12

An example of an organisation classified as a sovereign wealth fund is:

Options:
A.

United Nations

B.

Xerox Corporation

C.

German Government

D.

China Investment Corporation

Questions 13

The 3 largest centres for foreign exchange trading are:

Options:
A.

US, 2) Japan, 3) UK

B.

Hong Kong, 2) UK, 3) US

C.

US, 2) Singapore, 3) UK

D.

UK, 2) US, 3) Singapore

Questions 14

The abbreviation WAC stands for:

Options:
A.

Wheel and Calculate

B.

Weighted Average Cost

C.

West Against Charge

D.

Wait About Control

Questions 15

Accrued interest is designed to:

Options:
A.

Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date

B.

Compensate the seller of an interest-bearing bond for interest earner, (but not paid) relating to the next coupon payment date

C.

Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) relating to the next coupon payment date

D.

Compensate the seller of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date

Exam Code: SOFQ
Certification Provider: ICMA
Exam Name: Securities Operations Foundation Qualification (SOFQ)
Last Update: Jul 10, 2025
Questions: 50
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