Free Practice Questions for SPK Düzey 1
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Key Facts: SPK Düzey 1 Exam
100
Total exam questions across 4 modules
SPL Sınav Kılavuzu
180 min
Total examination duration (45 min/module)
SPL e-LS
50 / 60
Passing thresholds (min 50/module, min 60 average)
SPK Tebliğ VII-128.7
TRY 748
2026 Examination sitting fee per module
SPL Fee Schedule
Independent English-language MCQ study adaptation for the SPK Düzey 1 licensing examination. The official assessment has 100 five-option questions across 4 modules (25 questions and 45 minutes each): legislation, instruments, investment firms, and clearing operations. Passing requires at least 50/100 on each module and a 60/100 composite average. Turkish text is retained where relevant for statutory terminology.
Sample SPK Düzey 1 Practice Questions
Try these sample questions to review concepts for the SPK Düzey 1 exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 40+ question experience with AI tutoring.
1Which authority regulates public offerings and supervises Turkish capital markets under the Sermaye Piyasası Kanunu (Law No. 6362)?
2For an ordinary public share offering subject to the prospectus requirement in Law No. 6362, which document must receive SPK approval?
3A non-bank listed company in Group 1 has seven directors and no applicable exemption. Under the independent director rule in Kurumsal Yönetim Tebliği II-17.1, what is the minimum number of independent directors?
4Which description distinguishes a Turkish yatırım fonu (mutual fund) from a yatırım ortaklığı (investment company)?
5A creditor seeks payment of a portfolio management company's own office loan from a mutual fund it founded. What principle applies to the fund's assets?
6Which scenario most directly illustrates bilgi suistimali (information abuse) under Turkish capital markets law?
7An issuer wants to postpone disclosure of inside information under Özel Durumlar Tebliği II-15.1. Which combination of conditions is required?
8Under the TSPB ethical rule on transaction priority, which order of interests should a capital markets employee observe when client, employer, and personal transactions compete?
9An investor's indirect voting rights in a listed issuer rise from 4.8% to 5.2%, while its direct shareholding remains unchanged. Under II-15.1, which statement correctly identifies the threshold and disclosure responsibility?
10A non-bank Group 1 listed company considers a candidate for an independent board seat. The candidate left a senior executive role at the company's controlling parent three years ago, owns no group shares, and otherwise meets the criteria. Under II-17.1, which conclusion follows?
About the SPK Düzey 1 Exam
Sermaye Piyasası Faaliyetleri Düzey 1 Lisansı is an SPL-administered Turkish capital markets licence required for specified roles, including customer representatives and clearing or operations personnel. Passing the four subject assessments and satisfying the education requirement are distinct steps. OpenExamPrep provides an independent English-language MCQ study adaptation, not an official translation or a simulation of the Turkish exam's language environment.
Exam sponsor: Sermaye Piyasası Lisanslama Sicil ve Eğitim Kuruluşu A.Ş. (SPL). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.
Assessment
Four independent modular sessions of 25 multiple-choice questions each, with 45 minutes per module (180 minutes total), administered via SPL's computer-based e-LS system.
Time Limit
180 minutes (45 minutes per module)
Passing Score
Minimum 50 out of 100 per module, and an arithmetic average of at least 60 across all 4 modules
Exam / Certification Fees
TRY 748 per subject; TRY 2,992 for four first attempts. Eligible student rates: TRY 548, or TRY 456 at universities with an SPL cooperation protocol. Separate licence fees may apply.
Exam sponsor websiteFees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.
Official sources
- SPL Sınav Konuları ve Alt Konu Başlıkları · Source checked 2026-10-21Official subject and subtopic scope for Düzey 1. Read with the dated Module 1003 transition notice; the generic outline still displays its earlier headings.
- SPL 2026 Elektronik Lisanslama Sınavları Kılavuzu · Source checked 2026-10-21Official examination rules: Turkish delivery, 25 five-option questions and 45 minutes per subject, fees, subject selection, education requirements, and 50/60 scoring. No assignment, oral, practical, or case-study assessment is listed for this licence.
- SPL Dar Kapsamlı Sermaye Piyasası Mevzuatı ve Meslek Kuralları — 1001 · Source checked 2026-10-21Official SPK-authored study notes: capital markets law, material disclosures, corporate governance, mutual funds, and professional ethics.
- SPL Sermaye Piyasası Araçları 1 curriculum transition notice · Source checked 2026-10-21July 22, 2026 notice: revised five-part Module 1003 scope applies to sittings from October 15, 2026.
- SPL Sermaye Piyasası Araçları 1 — current 1003 notes · Source checked 2026-10-21Current instruments, worked calculations, and Geçici 67 taxation material.
- SPL Yatırım Kuruluşları — 1005 · Source checked 2026-10-21Investment and ancillary services, client tests, ten-year record retention, credit trading, crowdfunding, and remote onboarding.
- SPL Takas, Saklama ve Operasyon İşlemleri — 1012 · Source checked 2026-10-21Clearing and custody, MKK, DVP, collateral valuation, default resources, and BISTECH portfolio margin.
- MKK T+2 to T+1 settlement project notice · Source checked 2026-10-21Preparatory work is due by December 31, 2026; this is not itself a T+1 implementation date.
Our practice resources: topics covered
We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.
Legislation and Professional Ethics
Capital Markets Law No. 6362, Material Events Communiqué II-15.1, Corporate Governance Communiqué II-17.1, Mutual Funds Communiqué III-52.1, and TSPB Professional Rules and Ethics.
Capital Market Instruments
The five headings effective October 15, 2026: shares, debt instruments, mutual fund units, derivatives, and Gelir Vergisi Kanunu Geçici 67. No official percentage allocation within this subject is published.
Investment Firms and Activities
Investment services, customer categorization (appropriateness vs suitability), margin trading and short selling, record-keeping, and digital onboarding.
Clearing, Custody, and Settlement Operations
Central Registry Agency (MKK) dematerialized registry, Takasbank central counterparty role, guarantee funds, default management, and Borsa İstanbul settlement cycles.
Preparing for the SPK Düzey 1 Exam
What You Need to Know
- Passing score: Minimum 50 out of 100 per module, and an arithmetic average of at least 60 across all 4 modules
- Assessment: Four independent modular sessions of 25 multiple-choice questions each, with 45 minutes per module (180 minutes total), administered via SPL's computer-based e-LS system.
- Time limit: 180 minutes (45 minutes per module)
- Exam / certification fees: TRY 748 per subject; TRY 2,992 for four first attempts. Eligible student rates: TRY 548, or TRY 456 at universities with an SPL cooperation protocol. Separate licence fees may apply. Official sources
Using Our Practice Resources
- Work through all 40 available questions
- Review every answer and explanation
- Track weak areas and revisit them
- Use our AI tutor for tough concepts
SPK Düzey 1: Suggested Study Strategy
Frequently Asked Questions
What is the SPK Düzey 1 license?
Sermaye Piyasası Faaliyetleri Düzey 1 Lisansı is administered by SPL under the SPK licensing framework. It is required for specified customer representative, exchange representative, credit transaction, and clearing or operations roles. Other duties may require higher or specialist licences; it is not a general authorization for all investment work.
How is the SPK Düzey 1 exam structured and scored?
The examination is modular and consists of 4 separate subject modules: Dar Kapsamlı Mevzuat (1001), Sermaye Piyasası Araçları 1 (1003), Yatırım Kuruluşları (1005), and Takas Saklama ve Operasyon (1012). Each module has 25 questions and a 45-minute duration. Candidates must score at least 50/100 on each module and achieve an arithmetic average of at least 60/100 across all modules to pass.
Are candidates required to take all four modules in a single session?
No. Candidates select and schedule subject assessments separately through SPL's e-LS system. For licence applications, qualifying scores older than three years relative to the last required examination date need the relevant module renewal training or a new examination result under SPL's rules.
Is this practice bank an official translation of the SPK examination?
No. This is an independent English-language MCQ study adaptation by OpenExamPrep, with four options per question. Official SPL assessments use Turkish and five options. The bank is not an official translation or a simulation of the official language environment; retain Turkish terminology in your study and use SPL's current materials.
Are there oral, practical, assignment, or case-study components?
SPL's current e-LS guide lists computer-based multiple-choice subject assessments for this licence, with no additional assessed oral, practical, assignment, or case-study component. No graduation level is required to sit, but licence issuance requires completion of at least two years of higher education and compliance with the other licensing rules.