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NEW QUESTION: 1



A. Option C
B. Option A
C. Option B
D. Option D
Answer: D

NEW QUESTION: 2
CORRECT TEXT
Which of the following statements, if any, needs to be executed before the variable A can be used?
DCL A CHAR(5) CONTROLLED;
A. FREE A;
B. ALLOCATE A;
C. Nothing needs to be done.
D. FETCH A;
Answer: B

NEW QUESTION: 3
The initial Federal Reserve Bank margin requirement is set at 60% and Bubba purchases 100 shares of XYZ at $100 per share. He deposits $6,000 of the $10,000 purchase price in his account.
If XYZ increases in value to $150 per share, how much excess equity would Bubba have in his account?
A. $2,000
B. $1,000
C. $3,000
D. $1,500
Answer: A
Explanation:
Explanation/Reference:
Explanation: $2,000. Bubba started with $6,000 of equity and a debit balance of $4,000. The market value of his XYZ stock increased by $5,000 ($15,000 - $10,000). Therefore, his equity increased to $11,000.
Since Bubba only needs 60% equity, his Reg T requirement is $9,000 ($15,000 x 60%). His equity exceeds the requirement by $2,000.


CRISC FAQ

Q: What should I expect from studying the CRISC Practice Questions?
A: You will be able to get a first hand feeling on how the CRISC exam will go. This will enable you to decide if you can go for the real exam and allow you to see what areas you need to focus.

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CRISC Exam Info

In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the CRISC Exam.

CRISC Exam Topics

Review the CRISC especially if you are on a recertification. Make sure you are still on the same page with what ISACA wants from you.

CRISC Offcial Page

Review the official page for the CRISC Offcial if you haven’t done it already.
Check what resources you have available for studying.

Schedule the CRISC Exam

Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.