Unit 2 has 105 questions in 2 hours 20 minutes, taken online at a test centre or at home. The result is pass or fail.
Questions
105
Time
2 hours 20 minutes
Format
Online: multiple choice, item sets and gap fill
Pass mark
Set for each exam, usually 60% to 70%
The question types
Standard multiple choice: one answer from four options.
Item sets: several questions on one short scenario.
Gap fill: you type the answer into a box.
On the day
Handheld calculators are not allowed. An onscreen calculator is available for every question.
The exam runs every working day at Pearson test centres and every day online through OnVUE.
105 questions in 140 minutes is about 80 seconds a question.
Try 4 questions
Question 17.1 Sources and types of data, sampling and presentation
A fund's 60 monthly returns are grouped as follows: −6% to under −3%: 4 months; −3% to under 0%: 17 months; 0% to under 3%: 26 months; 3% to under 6%: 13 months. The relative frequency of months with a return below 3% is closest to:
Question 210.1 The duty to prepare accounts, small companies, IFRS and the auditor
In each of its last two financial years, Tamworth Joinery Ltd had turnover of £13.2 million, a balance sheet total of £8.1 million and 46 employees. Under the Companies Act 2006 size limits in force from 6 April 2025, which statement BEST describes it?
Question 313.1 Forwards, futures, basis, contango and index arbitrage
The FTSE 100 index stands at 8,000. The interest rate is 4.5% a year and the dividend yield on the index is 3.2% a year. A futures contract expires in three months and trades at its fair value, found with simple interest. Defining the basis as the cash price minus the futures price, the basis is closest to:
Question 411.1 Classes of equity capital, preference shares and depositary receipts
Which of the following best describes an American Depositary Receipt (ADR)?