Cyprus Securities And Exchange Commission Quiz

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| By Lynn Bradley

Lynn Bradley

Community Contributor

Quizzes Created: 319 | Total Attempts: 515,524

Questions: 10 | Attempts: 146 | Updated: Mar 20, 2023

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Cyprus Securities And Exchange Commission Quiz - Quiz

Cyprus Securities and Exchange Commission quiz is a quiz that is based on the financial institution in Cyprus that takes care of the binary options of people. It is very important in a country, and that's why it cannot be ignored as a quiz. Take a quiz on how much you know about the Cyprus Securities and Exchange Commission.

Questions and Answers

1.

What's the abbreviation of the Cyprus Securities and Exchange Commission?
- A.
  
  CSE
- B.
  
  CySEC
- C.
  
  CSEC
- D.
  
  CEC
Correct Answer
B. CySEC

Explanation
CySEC is the correct abbreviation for the Cyprus Securities and Exchange Commission. This abbreviation stands for the regulatory body responsible for overseeing and regulating the financial markets in Cyprus. It ensures the integrity and transparency of the securities market, promotes investor protection, and maintains the stability of the financial system in Cyprus.

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2.

Who owns CySEC?
- A.
  
  Billy Rae Cyprus
- B.
  
  London
- C.
  
  Cyprus
- D.
  
  America
Correct Answer
C. Cyprus

Explanation
CySEC stands for Cyprus Securities and Exchange Commission, which is the financial regulatory agency of Cyprus. Therefore, it can be inferred that the correct answer is Cyprus, as it is the country that owns and operates CySEC.

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3.

When was it formed?
- A.
  
  2000
- B.
  
  1998
- C.
  
  2001
- D.
  
  2005
Correct Answer
C. 2001

Explanation
The correct answer is 2001. This suggests that the entity in question was formed in the year 2001.

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4.

Which country was it formed?
- A.
  
  Cyprus
- B.
  
  Australia
- C.
  
  UK
- D.
  
  USA
Correct Answer
A. Cyprus

Explanation
Cyprus is the correct answer as it is a country that was formed through a process of independence from British colonial rule. It gained independence in 1960 and became a sovereign nation. Cyprus is an island country located in the Eastern Mediterranean and is known for its rich history and cultural diversity.

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5.

When did Cyprus become a member of EU?
- A.
  
  2002
- B.
  
  2004
- C.
  
  2006
- D.
  
  2008
Correct Answer
B. 2004

Explanation
Cyprus became a member of the EU in 2004. This can be confirmed by the answer provided.

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6.

When did CySec announce a policy change?
- A.
  
  2012
- B.
  
  2015
- C.
  
  2016
- D.
  
  2018
Correct Answer
A. 2012

Explanation
CySec announced a policy change in 2012.

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7.

What does CySec do?
- A.
  
  To finance
- B.
  
  To help financially
- C.
  
  To control Cyprus Stick exchange
- D.
  
  To expand market
Correct Answer
C. To control Cyprus Stick exchange

Explanation
CySec, short for Cyprus Securities and Exchange Commission, is responsible for regulating and supervising the Cyprus Stock Exchange. Their main role is to ensure the fair and transparent operation of the stock exchange, protect investors' interests, and maintain the integrity of the financial markets in Cyprus. By controlling the Cyprus Stock Exchange, CySec aims to create a stable and secure environment for investors and promote the growth and development of the market.

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8.

How many people are in the Adminstration board?
- A.
  
  8 members
- B.
  
  5 members
- C.
  
  6 members
- D.
  
  10 members
Correct Answer
B. 5 members

Explanation
The correct answer is 5 members. This means that there are 5 people in the Administration board.

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9.

What was the purpose of CySec?
- A.
  
  To boast market
- B.
  
  To regulate binary options
- C.
  
  To aid work
- D.
  
  To give financial assistance
Correct Answer
B. To regulate binary options

Explanation
CySec, also known as the Cyprus Securities and Exchange Commission, was established to regulate binary options. Binary options are a type of financial instrument where traders can speculate on the price movement of various assets. By regulating binary options, CySec aims to ensure fair and transparent trading practices, protect investors, and maintain the integrity of the financial markets.

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10.

What type of institution is CySec?
- A.
  
  Charity
- B.
  
  Financial institution
- C.
  
  Developmental institution
- D.
  
  Education
Correct Answer
B. Financial institution

Explanation
CySec is a financial institution. This can be inferred from the fact that the options provided include charity, developmental institution, and education, which are not typically classified as financial institutions.

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