FEB 2015 EXAM_SELECTED ANS in RED(1).docx - FEBRUARY 2015 EXAMINATION School of Business Accountancy(Diploma in Banking Financial Services(Diploma in

FEB 2015 EXAM_SELECTED ANS in RED(1).docx - FEBRUARY 2015...

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FEBRUARY 2015 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 the questions 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 2015 Exam
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QUESTION 1 (25 marks) (a) What is the major downside risk to the current economic growth outlook in Singapore? (2 marks) (b) Who is the integrated regulator and supervisor of financial institutions in Singapore? (2 marks) (c) What is the mission of the central bank in Singapore? (3 marks) (d) Discuss FOUR major challenges facing Singapore in her pursuit of building a successful financial centre in the world? (10 marks) (e) What is the primary principal tool used by Singapore’s central bank to control imported inflation? Why is this an effective tool? (4 marks) (f) Name FOUR characteristics of a modern financial market. (4 marks) QUESTION 2 (25 marks) DBS MB ECW150602 Price ($) as at 2014-14-11 0.124 Exercise Price SGD 20.80000 Underlying Stock Price ($) as at 2014-11-14 19.710 Conversion Ratio 1 warrant(s) : 1 share(s) Based on the above table, (a) What is the maturity date of this warrant?
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