FEB 2014 EXAM_SELECTED ANS in RED(1)(1).docx - FEBRUARY 2014 EXAMINATION School of Business Accountancy(Diploma in Banking Financial Services(Diploma in

FEB 2014 EXAM_SELECTED ANS in RED(1)(1).docx - FEBRUARY...

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FEBRUARY 2014 EXAMINATION School of Business & Accountancy (Diploma in Banking & Financial Services) (Diploma in Business Studies) (Diploma in Financial Informatics) Level 1 (BFS, FI) Time Allowed: 2 Hours Level 3 (BS) FINANCIAL MARKETS & SERVICES (006722, 007988, 008609) INSTRUCTIONS TO CANDIDATES : 1. Check carefully to ensure you are sitting for the correct paper. 2. Answer ALL FOUR questions (COMPULSORY). 3. Begin each question on a separate page. 4. If more than the required number of questions is attempted, only the required number of answers in the order in which they were attempted in the answer book shall be marked. 5. This paper consists of 4 pages including this cover page. Check carefully to make sure your set is complete. FMS (BFS, BS and FI) -1- Feb 2014 Exam
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QUESTION 1 (25 marks) (a) Distinguish between “primary” versus “secondary markets” in the equity markets and the importance that secondary markets play in initial public offerings. (6 marks) (b) Differentiate between auction and OTC markets giving ONE relevant example of the instrument in each market. (4 marks) (c) “Liberalisation of the commercial banking sector has resulted in consolidation of the local banks.” (i) Discuss THREE reasons behind the liberalisation. (3 marks) (ii) “Maybank operating in Singapore is no different from local DBS Bank.” Discuss whether you agree or disagree with the statement? Why? (7 marks) (d) Why are hedge funds not suitable for investors with a low risk profile? Give TWO reasons (5 marks) QUESTION 2 (25 marks) (a)
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