CFA 2026 Level I Derivatives Derivative Markets Free Quiz 3

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CFA 2026 Level I Derivatives Derivative Markets Free Quiz 3

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CFA 2026 Level I Derivatives Derivative Markets Free Quiz 3

Practice CFA 2026 Level I Derivatives MCQs from Derivative Markets. Get instant results with Explanation.

General5 MCQs

21. What entity acts as a market maker in swap contracts?

A. Swap dealerB. BrokerC. ClearinghouseD. Exchange

22. What is the difference between a forward and a futures contract?

A. Forwards are exchange-traded; futures are OTC.B. Forwards are OTC; futures are exchange-traded.C. Both are exchange-traded.D. Both are OTC.

23. What is the difference between a call option and a put option?

A. Call options are rights to sell; put options are rights to buy.B. Both calls and puts are rights to buy.C. Call options are rights to buy; put options are rights to sell.D. Both calls and puts are rights to sell.

24. What is the date on which a derivative contract expires?

A. Underlying assetB. Strike priceC. PremiumD. Expiration date

25. How can a derivative contract be settled?

A. Cash settlement or physical delivery.B. Only cash settlement.C. Only physical delivery.D. No settlement is required.

General5 MCQs

26. What risk is associated with the default of the counterparty in a derivative contract?

A. Market riskB. Liquidity riskC. Operational riskD. Credit risk

27. What type of derivative has an equity security as its underlying?

A. Equity derivativeB. Commodity derivativeC. Credit derivativeD. Currency derivative

28. What type of derivative has a physical commodity as its underlying?

A. Equity derivativeB. Commodity derivativeC. Credit derivativeD. Currency derivative

29. What type of derivative transfers credit risk?

A. Equity derivativeB. Commodity derivativeC. Credit derivativeD. Currency derivative

30. What type of derivative has a foreign currency as its underlying?

A. Equity derivativeB. Commodity derivativeC. Credit derivativeD. Currency derivative

📋 CFA - Test Online Practice Quizzes

CFA

Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

Practice CFA MCQs

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