EXAMPLE QUIZ

Hint

Step 1: Check whether the question is positive or negative.
Step 2: Read the question carefully.
Step 3: Identify the subject and area of law – FAIS Act / definition of a financial product.
Step 4: Recall the legal definition of a financial product.
Step 5: Test each option by asking whether it is true or false when measured against that definition.

Hint

Step 1: Check whether the question is positive or negative. Look for words such as NOT or INCORRECT. As soon as you identify that this is a negative question, write on your paper: “This is a negative question”. Then draw two red lines next to options. This is essential because learners often forget that a question is negative once they start working through the options.

Step 2: Scratch out the negative word (NOT) in the question to treat the question as positive.

Step 3: Read the question carefully again, now ignoring the negative word.

Step 4: Identify the subject and area – financial products, specifically risk products.

Step 5: Recall what qualifies as a risk product.

Step 6: Test each option by asking whether it is true or false. The two red lines next to the options must remind you that, because this is a negative question, you will ultimately select the option that is false.

Hint

Step 1: Check whether the question is positive or negative and look for words such as NOT or INCORRECT.
Step 2: Read the question carefully.
Step 3: Identify the subject and area – investment products.
Step 4: Recall the characteristics of investment products.
Step 5: Test each option by asking whether it is true or false.
Step 6: Clearly mark the correct options
Step 7: Physically mark the correct Roman numerals, then confirm that the answer you select matches them. This prevents mistakes caused by haste or exam stress.

Hint

Step 1: Follow your  protocol.
• Check whether the question is positive or negative
• Read the question carefully

Step 2: Identify the question type.
• This is a sorting / sequence question

Step 3: Work through the options first.
• Take each step one by one
• Place them in the order that makes logical sense
• Write down your sequence

Step 4: Only after you have your sequence, compare it to the answer options.
• Choose the answer that matches your order
• Do not start by reading the answer options

Hint

Step 1: Apply normal protocol
• Check whether the question is positive or negative
• Read the question carefully
• Identify the regulatory area
– General Code of Conduct
– Duty: custody and handling of client funds

Step 2: Identify the rule
• Client funds must be deposited into a separate bank account within 1 business day of receipt

Step 3: Eliminate irrelevant information
• The time of receipt (14:30) is irrelevant for this type of question
• Scratch out the time immediately to avoid confusion

Step 4: Identify the technique required
• This is a business-day counting question

Step 5: Apply the business-day counting rules
• Do not count Saturdays, Sundays, or public holidays
• Always start counting from the next business day