Special Features of Multiple Choice Questions
(MCQs)
Candidates often think that MCQ examinations are simply a
matter of being able to recognise true statements. They
often assume that MCQ examinations are easier than essay examinations,
as the correct answer is already provided and candidates
may score marks with a lucky guess. However, MCQs in
fact require careful selection from a mix of correct and
nearly-correct statements. Candidates answering MCQs are
expected to know exact details and specific points.
MCQs of the LE consist of two parts:
• a stem
¹,
which asks a question, poses a problem, or presents an
incomplete sentence;
• a choice of 4 possible statements.
There are two types of MCQs:
Type 1 MCQ ("Simple MCQ") − the correct answer is one of the 4
choices
Which ONE of the following organisations administers the
Licensing Examination for Securities and Futures
Intermediaries in Hong Kong?
(A) Hong Kong Securities Institute (HKSI).
(B) Securities and Futures Commission (SFC).
(C) Stock Exchange of Hong Kong (SEHK).
(D) Hong Kong Futures Exchange (HKFE).
(Note: A is the correct answer)
Type 2 MCQ ("Complex MCQ") − The candidate has to choose ONE from
4 possible sets of answers
Which of the following affect the level of interest
rates?
(I) Government policy.
(II) Gross Domestic Product.
(III) Trade deficit/surplus.
(IV) Supply of money.
(A) I and II only.
(B) I, II and III only.
(C) III and IV only.
(D) I, II, III and IV.
(Note: D is the correct answer)
In simple terms the MCQs of the LE
aim to test a range of abilities, including:
• Basic memory recall
• Understanding of the principles
• Application of reasoning to principles and
facts.
It is therefore important to remember, understand and to
be able to apply the knowledge to practical situations.
¡@
¹
The text of the question
