PracticeVideosBlogFlashcardsEspañol
All Practice Exams

100+ Free CCM Practice Questions

Prepare for the SEC Sri Lanka Certificate in Capital Markets (CCM) exam with instant access — no signup required.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately
100+ Questions
100% Free

Loading practice questions...

Same family resources

Explore More SEC Sri Lanka Capital Market Certificate

Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

SEC Sri Lanka Certificate in Derivative Securities (CCM)

Practice Questions

SEC Sri Lanka Certificate in Debt Securities (CCM)

Practice Questions

SEC Sri Lanka Certificate in Equity Securities (CCM)

Practice Questions

SEC Sri Lanka Certificate in Unit Trust (CCM)

Practice Questions

SEC-CISI Diploma in Capital Markets - Sri Lanka

Practice Questions
2026 Statistics

Key Facts: CCM Exam

Rs. 95,000

Program Fee

SEC Sri Lanka

Rs. 5,000

Exam Fee (per series)

SEC Sri Lanka

T+2 Days

CSE Equity Settlement

CSE 2024

10 Members

SEC Commission Size

SEC Act 2021

7 Series

CCM Modules

SEC Sri Lanka

50%

Passing Mark

SEC Sri Lanka

The SEC Sri Lanka Certificate in Capital Markets (CCM) is the prerequisite qualification for Registered Investment Adviser (RIA) status in Sri Lanka. It consists of seven series/modules covering equity, debt, derivatives, unit trusts, investment planning, and securities regulation. The program fee is Rs. 95,000 with a Rs. 5,000 fee per series exam. This free practice bank contains 100 high-quality questions mapped to the official CCM syllabus.

Sample CCM Practice Questions

Try these sample questions to test your CCM exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Which piece of legislation currently governs the establishment, powers, and duties of the Securities and Exchange Commission of Sri Lanka?
A.Companies Act, No. 7 of 2007
B.Securities and Exchange Commission of Sri Lanka Act, No. 36 of 1987
C.Banking Act, No. 30 of 1988
D.Securities and Exchange Commission of Sri Lanka Act, No. 19 of 2021
Explanation: The Securities and Exchange Commission of Sri Lanka Act, No. 19 of 2021 was certified on September 21, 2021, and came into operation on September 24, 2021. It repealed and replaced the previous Securities and Exchange Commission of Sri Lanka Act, No. 36 of 1987. The Companies Act of 2007 and Banking Act of 1988 govern corporate affairs and commercial banks respectively.
2Under Section 5(1) of the SEC Act No. 19 of 2021, what is the total number of members comprising the Securities and Exchange Commission of Sri Lanka?
A.6 members
B.12 members
C.8 members
D.10 members
Explanation: Under Section 5 of the SEC Act No. 19 of 2021 the Commission consists of 10 members in total: 6 appointed members (appointed by the Minister, of whom at least 5 are from the private sector), and 4 others comprising a Deputy Secretary to the Treasury, a Deputy Governor of the Central Bank, the Registrar-General of Companies, and the President of the Institute of Chartered Accountants of Sri Lanka. This structure ensures representation from key regulatory and professional fields.
3Which of the following is an ex-officio member of the Securities and Exchange Commission of Sri Lanka under the SEC Act No. 19 of 2021?
A.The Director General of the Securities and Exchange Commission
B.The Chairman of the Colombo Stock Exchange
C.The Governor of the Central Bank of Sri Lanka
D.The Registrar-General of Companies
Explanation: Under Section 5(1) of the SEC Act No. 19 of 2021, the Registrar-General of Companies and the President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) are the two ex-officio members. The Governor of the Central Bank is not a member, though a Deputy Governor nominated by the Monetary Board serves as a nominated member. The Director General is an employee of the Commission, not a Commission member.
4On conviction for a market offence such as insider dealing or market manipulation under the SEC Act No. 19 of 2021, an individual is liable to a fine of not less than which amount?
A.Rs. 10 million
B.Rs. 25 million
C.Rs. 5 million
D.Rs. 50 million
Explanation: Under the enforcement provisions of the Securities and Exchange Commission of Sri Lanka Act, No. 19 of 2021, an individual convicted of a market offence (such as insider dealing or market manipulation) is liable to a fine of not less than ten million rupees (Rs. 10 million), or to imprisonment for a term not exceeding ten years, or to both. This is a significant increase over the penalties under the repealed 1987 Act.
5Which of the following must be licensed by the SEC of Sri Lanka as a 'Market Institution' under the SEC Act No. 19 of 2021?
A.Investment Manager
B.Central Depository
C.Margin Provider
D.Stockbroker
Explanation: Under the SEC Act No. 19 of 2021, 'Market Institutions' are defined as an Exchange, a Clearing House, or a Central Depository. Stockbrokers, investment managers, and margin providers are classified as 'Market Intermediaries' under the Act and are licensed separately from Market Institutions.
6What is the minimum number of appointed members of the SEC of Sri Lanka who must be from the private sector to reflect its multidisciplinary character?
A.At least 4
B.At least 6
C.At least 5
D.At least 3
Explanation: Section 5 of the SEC Act No. 19 of 2021 stipulates that the Minister shall appoint six members with professional standing in finance, law, accounting, or business, and at least five of these appointed members must be from the private sector. This ensures that the Commission incorporates hands-on market experience alongside public sector oversight.
7Under the SEC Act No. 19 of 2021, who holds the authority to appoint the Chairman of the Securities and Exchange Commission of Sri Lanka?
A.The members of the Commission by majority vote
B.The Minister of Finance
C.The President of Sri Lanka
D.The Governor of the Central Bank
Explanation: The Chairman of the Commission is nominated by the Minister of Finance from among the appointed members of the Commission. The Minister holds the administrative power over the appointments of the six appointed members and the nomination of the Chairman.
8Which market misconduct occurs when a person buys or sells securities while in possession of non-public, price-sensitive information concerning those securities?
A.Insider Trading
B.Front Running
C.Market Rigging
D.Churning
Explanation: Insider trading is prohibited under Part V of the SEC Act No. 19 of 2021. It occurs when a person trades in securities of a listed company while possessing material information that is not generally available to the public and, if it were, would be likely to materially affect the price of those securities.
9Under the SEC Act No. 19 of 2021, if an employee of a stockbroking firm discloses suspicious trading activities of a client to the SEC, what protection is guaranteed by law?
A.Immunity from all civil and criminal liability, and protection from employer retaliation
B.Immediate transfer to a government position of equal status
C.A monetary reward equivalent to 10% of any civil penalty recovered
D.Anonymous relocation and identification protection services
Explanation: Part V of the SEC Act No. 19 of 2021 contains robust whistleblower protection provisions. Any person who reports in good faith any breach of the Act, regulations, or rules to the SEC is protected from dismissal, harassment, or retaliation by their employer, and is granted immunity from civil or criminal action for disclosing the information.
10Which of the following activities is classified as 'Market Rigging' under Section 128 of the SEC Act No. 19 of 2021?
A.Publishing a research report that upgrades a stock's rating based on audited financials
B.Failing to deliver securities on the settlement date due to technical errors
C.Transactions that do not involve any change in the beneficial ownership of securities to create a false appearance of active trading
D.Selling securities at a price lower than the acquisition cost due to margin calls
Explanation: Market rigging involves transactions where there is no genuine change in beneficial ownership (wash sales) or matching buy and sell orders (matched orders) executed with the intent of creating a false or misleading appearance of active trading or price movement. This is a prohibited form of market manipulation under Section 128.

About the CCM Exam

The Certificate in Capital Markets (CCM) is the mandatory professional qualification administered by the Securities and Exchange Commission (SEC) of Sri Lanka for individuals seeking to practice as a Registered Investment Adviser (RIA). The comprehensive program covers market operations, financial instruments, investment analysis, financial planning, and capital market regulations.

Assessment

Multiple-choice series examinations for each of the core and asset class modules under the SEC Capital Market Education framework.

Time Limit

Varies by series module

Passing Score

50% per series module

Exam Fee

Rs. 95,000 program fee plus Rs. 5,000 per series exam fee (Securities and Exchange Commission of Sri Lanka (SEC))

CCM Exam Content Outline

15%

Securities Markets and Instruments (Series 1)

Capital market structure, primary vs secondary markets, CSE operations, and money market instruments.

15%

Equity Securities (Series 2)

Ordinary and preference share analysis, corporate actions, stock valuation models, and dividend policies.

15%

Debt Securities (Series 3)

Government Treasury bills and bonds, corporate debentures, yield to maturity, and interest rate risks.

15%

Derivatives & Unit Trusts (Series 4 & 5)

Forwards, futures, options, swaps, collective investment schemes structure, trustee roles, and NAV calculations.

20%

Financial Planning & Advising (Series 6)

Time value of money calculations, asset allocation, portfolio risk and return, Sharpe ratio, and suitability.

20%

Securities Regulation and Ethics (Series 7)

Securities and Exchange Commission of Sri Lanka Act No. 19 of 2021, licensing, market offences, and code of ethics.

How to Pass the CCM Exam

What You Need to Know

  • Passing score: 50% per series module
  • Assessment: Multiple-choice series examinations for each of the core and asset class modules under the SEC Capital Market Education framework.
  • Time limit: Varies by series module
  • Exam fee: Rs. 95,000 program fee plus Rs. 5,000 per series exam fee

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

CCM Study Tips from Top Performers

1Allocate substantial study time to Securities Regulation and Ethics (Series 7) and Financial Planning & Advising (Series 6), which make up 40% of the syllabus weighting.
2Thoroughly review the Securities and Exchange Commission of Sri Lanka Act, No. 19 of 2021, focusing on market misconduct (insider trading, market manipulation) and corresponding penalties.
3Practice quantitative calculations for time value of money (present/future values), net asset value (NAV) for unit trusts, rights issue valuation, and bond yields (current yield, YTM).
4Stay updated on Colombo Stock Exchange (CSE) operational changes, such as the transition to the T+2 settlement cycle for equities implemented in June 2024.

Frequently Asked Questions

What is the SEC Sri Lanka Certificate in Capital Markets (CCM)?

The CCM is a professional qualification offered by the Capital Market Education (CME) division of the Securities and Exchange Commission (SEC) of Sri Lanka. It is a mandatory requirement for individuals intending to become a Registered Investment Adviser (RIA) and work in stockbroking, fund management, or investment banking in Sri Lanka.

What are the entry qualifications for the CCM program?

To register, candidates must have passed all subjects at the GCE Advanced Level (A/L) examination, OR hold a relevant Bachelor's degree (Finance, Economics, Business, Law, etc.), OR possess a recognized professional qualification (such as CA Sri Lanka, CIMA, ACCA, SLIM, or AAT).

How much does the CCM exam and program cost in Sri Lanka?

The total program fee is Rs. 95,000.00, and the examination fee is Rs. 5,000.00 per series module. Payments are made to the Bank of Ceylon (Corporate Branch) in favor of the Securities and Exchange Commission of Sri Lanka.

What is the structure of the CCM exams?

The program covers seven series/modules: Series 1 (Securities Markets & Instruments), Series 2 (Equity Securities), Series 3 (Debt Securities), Series 4 (Derivatives), Series 5 (Unit Trusts), Series 6 (Investment Planning, Advising & Marketing), and Series 7 (Securities Regulation & Ethics). Examinations are held for each series.

What is the passing score for the CCM exams?

Candidates must achieve a minimum score of 50% in each series examination module to pass. To qualify for specific asset-class certifications or RIA registration, candidates must complete the mandatory modules (Series 1, 6, and 7) plus the corresponding asset-class modules.