LOTUS Capital DSA Training Test Welcome to your DSA Training Test Please find below instructions: You have 60 minutes to answer all 25 questions A minimum score of 65% is required to pass Your Test will be automatically submitted once your 60 minutes have been used up All the best! Full Names Location Email Address 1. How does a client send money to be invested? Pay Lotus Capital Office Pay to a staff account Pay to the designated fund account 2. 3. How does a client send money to be invested? Pay at any Lotus Capital Office Pay to a staff account Pay to the designated fund account 4. Collection of cash is allowed when a client is investing Yes No 5. Which of the following investments should you recommend to a retiree? Halal Investment Fund Halal Fixed Income Fund Mudarabah Investment b and c a and c 6. Select all that fit together Halal Fixed Income & High risk Halal Fixed Income & Low risk Halal Fixed Income & Equities Equities Investment & High Risk Equities Investment & Low Risk Halal Fixed Income Fund & Diversification Halal Investment Fund & Diversification Halal Investment Fund and Short Term Mudarabah & Balanced Fund Mudarabah & Profit Sharing Mutual Funds & Units Mutual Funds & Maturity Date Mutual Funds & Trust Deed 7. In financial planning, savings should be seen as an expense that buys your future Yes No 8. Investment is ……………………………………… Keeping your money safely Making your savings work for you All of the above None of the above 9. Which of the following is not our core value? Service Excellence Loyalty Dynamism Integrity Professionalism 10. How often does the Halal Fixed Income Fund pay dividend to clients? Yearly Bi-Annually Quaterly Monthly Tenured 11. What is the penalty when you redeem your Mudaraba Investment plan before maturity? 10% of the Investment sum on the day of redemption 10% of the accrued profit up to the date of redemption No penalty 12. Which of the following Lotus Products are listed on the Nigerian Stock Exchange? Halal Investment Fund Halal Fixed Income Fund Mudaraba Investment Plan FGN Sukuk Lotus Halal Equity Exchange Traded Fund 13. Lotus capital Limited is registered as? A trustee A Fund manager A Custodian A registrar Islamic Bank 14. Which body regulates Lotus Capital Limited? CBN NDIC SEC NGX PENCOM 15. Which is correct? Securities and Exchanges Commission Securities and Exchange Commission Standard and Executive Commission Security and Exchange Commission 16. The Capital market is for short, medium, and long-term investments? Yes No 17. All our funds pay clients interest on their capital invested? Yes No 18. Which of the following are permissible in Islamic Finance Risk and reward sharing Charging and paying of Interest Hoarding of Money Unambiguous Contracts Guaranteeing of Profit 19. Which two go together? Ijara and Profit Share Ijara & Rentals Mudarabah & Rentals Musharaka and Costplus 20. The Halal investment fund pays dividends when? Yearly Periodically at the discretion of the fund manager Quaterly Monthly 21. Who among the names below is not on the board of Lotus Capital Limited Mr. Fola Adeola Mrs. Kafilat Araoye Mr. Nurudeen Lemu 22. The Nigerian Capital Market is regulated by? SEC – Securities and Exchange Commission SEC- Security Exchange Council SEC- Security Of Exchanging Corporation 23. Halal Fund is invested into 3 major asset classes which are: Asset backed transactions, Real estate and equities Real estate, bonds and T-bills Equities, bonds and ETF 24. How often is the Halal Fund valued? End of the week End of the Month End of the Year 25. What documents do I need to redeem my investment in the Halal Fund? Redemption form and Indemnity form Halal investment Certificate and Redemption form Redemption form, Indemnity form and Mudaraba form 26. The Halal Fixed Income Fund invests in: Shariah compliant fixed income instruments and contracts Fixed income instruments and Equities Real Estate and Mixed portfolio 27. What happens if I liquidate my investment before the end of the agreed tenor in the Mudarabah Investment? A penalty of 10% is charged on the principal A penalty of 10% is charged on the accrued profit A penalty of 10% is charged on the principal and profit 28. Full meaning of KYC is ______ 29. List any 4 KYC Documents 1 out of 6 Please fill in the comment box below. Ebrahim Durosimi2022-06-01T13:21:57+00:00 Share This Story, Choose Your Platform! FacebookTwitterRedditLinkedInWhatsAppTumblrPinterestVkXingEmail About the Author: Ebrahim Durosimi