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3I0-013 ACI Exam Lab Questions

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Question 48

Settlement prices on futures contracts are:

Options:

A.

Official prices calculated by the exchange at the close of trading for the purpose of making margin calculations

B.

Official prices calculated by a panel of central banks

C.

Official prices calculated by the central bank where the stock exchange is located

D.

Never used

Question 49

Where is the bank with the BIC-address "BOJPJPJT" located?

Options:

A.

Jamaica

B.

Jordan

C.

Bosnia

D.

Japan

Question 50

To ensure effective risk management within a large financial institution, the head of risk management should report to:

Options:

A.

The head of trading

B.

The head of IT

C.

The board of directors (top management)

D.

One cannot say, it depends on the financial institution

Question 51

Regarding access to production systems, which of the following is incorrect?

Options:

A.

Profiles for functions are encouraged and should be reviewed semi-annually by a manager.

B.

Developers should have unrestricted access to production systems.

C.

Access to production systems should be rigorously controlled.

D.

Users should not have access to change system functionalities.

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Exam Code: 3I0-013
Exam Name: ACI Operations Certificate challenging
Last Update: Jul 22, 2024
Questions: 386
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