100+ Free SAC General Business Evaluation Practice Questions
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Key Facts: SAC General Business Evaluation Exam
¥61 RMB
Exam Fee per Subject
Securities Association of China (SAC)
60%
Minimum Passing Score (60/100 points)
SAC Evaluation Guidelines
120 CBT Items
Questions per Subject (120 minutes)
SAC Official Examination Regulations
36 Months
Score Validity for Practitioner Registration
SAC Practitioner Registration Measures
The SAC general-business evaluation has two 120-minute subjects with 120 objective questions each and a basic standard of 60% correct; current notices charge ¥61 per subject. Current public SAC materials reviewed for this bank do not expressly enumerate delivery languages. Results are competence evidence, not automatic practitioner registration.
Sample SAC General Business Evaluation Practice Questions
Try these sample questions to test your SAC General Business Evaluation exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1Which option best describes the structure of China's multi-tiered equity capital market (多层次资本市场)?
2Under the Law of the People's Republic of China on the People's Bank of China (中国人民银行法), which of the following represents a primary statutory mandate of the People's Bank of China (PBOC)?
3What is the primary regulatory scope of the China Securities Regulatory Commission (CSRC / 中国证券监督管理委员会)?
4Established during China's 2023 financial regulatory restructuring, what is the core mandate of the National Financial Regulatory Administration (NFRA / 国家金融监督管理总局)?
5What is the strategic market positioning of the Science and Technology Innovation Board (STAR Market / 科创板) established at the Shanghai Stock Exchange (SSE)?
6How does the ChiNext Board (创业板) at the Shenzhen Stock Exchange (SZSE) define its core strategic positioning?
7What is the primary statutory positioning and institutional target of the Beijing Stock Exchange (BSE / 北交所)?
8How is the National Equities Exchange and Quotations (NEEQ / 新三板) market structured into operational tiers?
9Which regulatory entity holds the primary supervisory responsibility for the operation and risk management of Regional Equity Markets (区域性股权市场 / 四板市场)?
10What is the statutory role of the China Securities Depository and Clearing Corporation (CSDC / 中国证券登记结算有限责任公司)?
About the SAC General Business Evaluation Exam
SAC's General Business Level Evaluation Test (一般业务水平评价测试) comprises Securities Market Basic Laws and Regulations (证券市场基本法律法规) and Financial Market Fundamentals (金融市场基础知识). Under the current framework, results provide evidence or a reference for professional competence and are not a statutory admission or licensing prerequisite by themselves. This English-language MCQ bank is a cross-subject study adaptation, not an official translation or exact format simulation.
Questions
120 scored questions
Time Limit
120 minutes per subject (2 subjects)
Passing Score
60% (60/100 points)
Exam Fee
¥61 RMB per subject (Securities Association of China (SAC / 中国证券业协会))
SAC General Business Evaluation Exam Content Outline
Financial Markets & Multi-Tiered Capital System
China's multi-tiered capital market architecture (SSE/SZSE Main Board, ChiNext 创业板, STAR Market 科创板, Beijing Stock Exchange 北交所, NEEQ 新三板, Regional Equity Markets 区域性股权市场), regulatory system (PBOC 人民银行, CSRC 证监会, NFRA 金融监管总局), central clearing (CSDC 中国结算), and financial institutions.
Securities Instruments & Trading Mechanisms
Equities (A-shares, B-shares, H-shares, Preferred Shares, CDRs), primary market underwriting and IPO registration, secondary market trading mechanisms (Call Auction 集合竞价, Continuous Auction 连续竞价, Price Limits 涨跌幅限制 10%/20%/30%, T+1 Settlement), fixed income instruments, public funds, derivatives, and pricing calculations.
PRC Securities Law & Company Law
PRC Securities Law (2019 revision) full registration system, mandatory disclosure requirements, insider trading and market manipulation prohibitions, investor protection mechanisms (special representative litigation 特别代表人诉讼, advance compensation 先行赔付); PRC Company Law (2023 revision) 5-year paid-in capital rule, corporate governance, and duties of directors, supervisors, and senior executives.
Brokerage Business & Margin Trading Regulations
Brokerage account opening and KYC, third-party client fund depository (第三方存管), margin financing and securities lending (融资融券 collateral ratios, maintenance-ratio calculations, margin calls, and contract-specific thresholds), stock pledge repos, and statutory Professional-versus-Ordinary investor classification with institution-documented risk assessment and matching.
Compliance, Ethics & Anti-Money Laundering
SAC practitioner professional ethics and registration system, integrity records management (诚信档案), anti-money laundering (AML/CFT) customer identification and suspicious transaction reporting, anti-illegal securities activities, and legal liabilities.
How to Pass the SAC General Business Evaluation Exam
What You Need to Know
- Passing score: 60% (60/100 points)
- Exam length: 120 questions
- Time limit: 120 minutes per subject (2 subjects)
- Exam fee: ¥61 RMB per subject
Keys to Passing
- Work through all 100 available questions
- Review every answer and explanation
- Track weak areas and revisit them
- Use our AI tutor for tough concepts
SAC General Business Evaluation Study Tips from Top Performers
Frequently Asked Questions
What is the China Securities Industry General Qualification Evaluation Test?
The General Business Level Evaluation Test (一般业务水平评价测试) is SAC's standardized assessment of basic securities-law and financial-market knowledge. Current SAC rules describe its results as evidence or a reference for competence; it is not a licence or automatic practitioner registration.
What subjects are included in the test and what is the exam format?
The general-business evaluation comprises two independent subjects: 1) 《证券市场基本法律法规》 (Basic Securities Laws and Regulations) and 2) 《金融市场基础知识》 (Basic Knowledge of Financial Markets). Each is a closed-book computer-based test with 120 objective questions, including single-choice, multiple-choice, judgment, and comprehensive items, and a 120-minute limit.
What is the passing score and how long are the test results valid?
The basic standard is at least 60% correct in each subject. Candidates may take the subjects in the same testing window or separate sessions. A result meeting the basic standard is generally valid for 36 months under current SAC rules; registration and continuing-training requirements are separate.
What is the examination fee and how do candidates register?
The standard examination fee is ¥61 RMB per subject (¥122 RMB for both subjects). Registration is conducted online through the official Securities Association of China portal (https://www.sac.net.cn/) during designated registration windows published in the SAC annual exam calendar.
Who is eligible to register for the SAC General Qualification Test?
Current public-test conditions require candidates to be at least 18 and have full civil conduct capacity, plus a recognized college degree; a recognized high-school-equivalent credential with at least 36 months of work experience is an alternative. Certain graduating students hired by eligible institutions may qualify under the current notice, which should be checked for each testing window.
How does the Comprehensive Registration System (全面注册制) impact the examination syllabus?
Following China's nationwide rollout of the Full Registration-Based IPO System (全面实行股票发行注册制), the exam tests registration mechanisms across the SSE Main Board, SZSE Main Board, ChiNext (创业板), STAR Market (科创板), and Beijing Stock Exchange (BSE / 北交所). Candidates must distinguish exchange review, CSRC registration, disclosure duties, and each board's own IPO price-limit rules; the five-day no-limit rule is not universal across all boards.
How are Margin Financing and Securities Lending (融资融券) questions structured on the exam?
Margin trading questions test legal rules and calculations, including investor eligibility, collateral and initial-margin requirements, the maintenance guarantee ratio (维持担保比例), margin calls, and liquidation. Candidates should use the current exchange, regulatory, and client-contract terms rather than treating one maintenance threshold or cure deadline as universal.
How does a candidate obtain official Securities Practitioner Registration (执业登记) after passing?
Passing the tests demonstrates professional competence. To obtain the official practitioner certificate (执业证书 / 执业登记), an individual must be formally hired by a registered securities firm, securities investment advisory institution, or asset management firm. The employer then submits an application to the SAC on the employee's behalf through the SAC registration system.