Canadian Securities Course (CSC) Level 1 Practice Exam

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What are the 3 types of restricted shares? Give a brief description of each.

  1. Limited shares, exclusive shares, special shares

  2. Non-voting shares, unrestricted shares, preferred shares

  3. Non-voting shares, subordinate-voting shares, restricted voting shares

  4. Common shares, preferred shares, treasury shares

The correct answer is: Non-voting shares, subordinate-voting shares, restricted voting shares

The correct answer is C. Non-voting shares, subordinate-voting shares, and restricted voting shares are the three types of restricted shares. Non-voting shares are shares that typically do not carry voting rights, meaning the shareholder does not have the right to vote on company matters. Subordinate-voting shares usually have fewer voting rights compared to other classes of shares in the company. Restricted voting shares have certain limitations or restrictions placed on their voting rights, such as restrictions on voting on specific issues or a cap on the number of votes a shareholder can cast. Options A, B, and D do not accurately describe the three types of restricted shares and are therefore incorrect.

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