Is this a SET derivatives advisory licence?

No. ATI offers the named IBA training and assessment within ASCO's registration framework. The role concerns introducing clients to securities firms; referral status does not itself authorize advice or order-taking.

Are the old 40-question specifications confirmed for 2026?

No. ASCO's historical specification provides scope and old count, timing and pass hurdles. ATI's current page and 2026 poster confirm an active assessment package but do not confirm every current assessment parameter.

Which fees are verified?

The 2026 ATI poster lists THB 3,000 including VAT for training and the initial exam, with 30-day e-learning access, and THB 400 including VAT for a resit. Check registration and other charges separately.

Is official English delivery available?

The current public sources reviewed do not confirm assessment language. This resource is an independent English-language MCQ study adaptation, not evidence of an official English sitting or an official translation.

Does an active IC licence provide another route?

ATI's current role description recognizes an active IC licence as an alternative knowledge qualification. Applicable employment, ASCO registration and firm-appointment requirements still need checking.

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Sample ASCO/ATI IBA Assessment Practice Questions

Try these sample questions to review concepts for the ASCO/ATI IBA Assessment exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 40+ question experience with AI tutoring.

1Which transaction raises new capital for a company in the primary market?

A.One investor sells existing shares to another on SET.

B.The company issues new shares to subscribing investors.

C.A broker transfers existing shares between custodians.

D.An investor receives a dividend on existing shares.

Explanation: Issuing new shares brings subscription proceeds to the company. Secondary trading transfers existing holdings between investors rather than raising new issuer capital.

2What is a central purpose of Thailand's Market for Alternative Investment (mai)?

A.Provide a market exclusively for government debt.

B.Replace TFEX as the futures clearinghouse.

C.Provide an equity fundraising and listing venue for smaller growth enterprises.

D.Offer bank deposits protected against equity-price losses.

Explanation: mai provides smaller growth enterprises with access to equity-market funding. Its listed shares remain investments with business and market risks.

3For an ordinary fixed-rate corporate bond with a stated maturity, which relationship does the investor have with the issuer?

A.Ownership with voting rights identical to ordinary shares.

B.A discretionary dividend claim paid only when declared.

C.An insured deposit claim against the central bank.

D.A creditor claim for contractual interest and principal payments.

Explanation: A bond investor lends to the issuer on contractual terms. The obligation to pay does not guarantee actual payment; issuer default remains a risk.

4Which holding most directly represents short-term Thai sovereign credit exposure?

A.A subordinated bank debenture.

B.A Thai government Treasury bill.

C.An ordinary share in a state enterprise.

D.A corporate structured note linked to government bond prices.

Explanation: A Treasury bill is a short-term government debt obligation. A state connection or government-linked underlying does not make a corporate security a direct sovereign obligation.

5Which statement best describes redemption of a conventional open-end mutual fund?

A.The investor must always find another investor on SET.

B.The fund guarantees redemption at the original subscription price.

C.The investor may redeem with the fund under its dealing schedule and prospectus terms.

D.The investor can demand immediate cash at any hour.

Explanation: Open-end funds issue and redeem units according to their terms. Dealing days, valuation, fees and payment timing must be checked rather than assuming instant liquidity.

6A fund has THB 105 million of assets, THB 5 million of liabilities including accrued expenses, and 10 million units. What is NAV per unit?

A.THB 10.00

B.THB 10.50

C.THB 11.00

D.THB 9.50

Explanation: Net assets are 105 − 5 = THB 100 million. Dividing by 10 million units gives THB 10 per unit.

7A fund holds long-term fixed-rate bonds. Market yields rise while credit quality is unchanged. Which risk most directly explains a fall in NAV?

A.Foreign currency translation risk.

B.Counterparty settlement failure.

C.Interest-rate price risk.

D.Equity voting-rights dilution.

Explanation: Higher discount yields reduce the present value of fixed future bond payments. This interest-rate sensitivity can lower fund NAV even without an issuer default.

8A Thai investor buys an unhedged fund holding US-dollar assets. Which additional exposure must be considered when measuring wealth in baht?

A.USD/THB exchange-rate movements.

B.Thai equity voting dilution in every holding.

C.A fixed exchange rate guaranteed by the fund manager.

D.Automatic immunity from foreign market losses.

Explanation: Unhedged foreign holdings expose baht returns to exchange-rate changes as well as underlying asset returns. A foreign-currency gain can be reduced or reversed when converted back into baht.

9What commonly supports distributions from an income-producing property REIT?

A.Guaranteed interest on unitholders' bank deposits.

B.New investors' subscriptions irrespective of property performance.

C.The issuer's obligation to pay a fixed bond coupon.

D.Net income from property operations, such as tenant rents.

Explanation: An income-producing REIT earns property cash flows after expenses. Occupancy, rent collection and financing costs affect distributable income, so distributions are not guaranteed coupons.

10A corporate bond's credit rating is downgraded while the government yield curve is unchanged. Which explanation best accounts for a lower market price?

A.Its contractual coupon must automatically increase.

B.Investors may require a larger credit spread for the increased default risk.

C.Its principal must automatically become equity.

D.Its market price must remain at par because the coupon is unchanged.

Explanation: A downgrade can increase the yield investors demand above the government benchmark. Discounting the same promised cash flows at a higher required yield reduces their price.

About the ASCO/ATI IBA Assessment Practice Questions

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