CIFC試験無料問題集（225題）「IFSE Institute Canadian Investment Funds Course 認定」

出題：1

The Mutual Fund Dealers Association of Canada (MFDA) has strict rules concerning conflicts of interest.
Which of the following is TRUE?

A. Only actual conflicts must be reported to your employer. Potential conflicts need not be reported because they have not happened yet.

B. Borrowing money from a client will always be acceptable provided there is a written contract detailing the nature of the agreement.

C. Activities that do not relate specifically to your employer need not be reported.

D. Gifts and benefits may be provided to a client if your employer is aware of the benefits and has given approval.

正解：D 解答を投票する

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出題：2

Francis wants to redeem his US Asset Allocation Fund as he needs the money for a down payment for a home purchase. The current proceeds from the redemption are USD $27,859, and the current CAD/USD exchange rate is 0.7353.
How much will Francis receive in Canadian dollars when he redeems the Funds? Please round your answer to the nearest dollar.

A. $36,698

B. $42,861

C. $35,859

D. $37,888

正解：D 解答を投票する

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出題：3

You have been researching Canadian equity mutual funds for a new client. You come across the following information.

What can you conclude from this information?

A. Fontaine Equity Fund's higher MER contributes to its lower 5-year annualized return.

B. Chamberlain Equity Fund has lower volatility since its 5-year annualized return is higher.

C. Fontaine Equity Fund has a lower risk level since its Sharpe Ratio is lower.

D. Fontaine Equity Fund is a better fund because it has a higher quartile ranking.

正解：A 解答を投票する

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出題：4

Thomas, a resident of Ontario, is a full-time university student. He does food delivery to supplement his income. During the school year, he works on weekends and works full-time during his summer break.
Thomas' pensionable earnings were $16,000 for the year. How much must Thomas contribute to CPP when CPP contribution rate is 5.95%?

A. $912.00

B. $0

C. $743.75

D. $1,425.00

正解：C 解答を投票する

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出題：5

Charlotte has received proceeds from a deceased family member's estate. Charlotte decides to visit Malik, who's a Dealing Representative at her bank. She tells Malik, she does not know much about trading ETFs, but she wants to invest in ETFs. Charlotte says she feels fortunate to have this money and that she's not worried about losing it because she never planned on having any of it.
What element of the Know Your Client (KYC) information has Malik been able to learn?

A. Risk Preference

B. Risk Tolerance

C. Risk Capacity

D. Risk Profile

正解：A 解答を投票する

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出題：6

What do Guaranteed Income Supplement (GIS) and Allowance for the Survivor have in common?

A. benefits start at the age of 65

B. ability to defer benefits

C. eligibility depends on income level

D. benefit amounts depend on individual contribution

正解：C 解答を投票する

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出題：7

Your client, Rinaldo, wants to know more about the fees associated with his mutual funds. What can you tell him about a mutual fund's management expense ratio (MER)?

A. Trailer and brokerage fees are charged separately from the MER.

B. Mutual fund performance is not impacted by the MER since rates of return are published net of fees.

C. Mutual funds are required to calculate the MER on a daily basis.

D. The MER reflects the percentage of each dollar of fund assets that is used to pay for management services.

正解：D 解答を投票する

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出題：8

Which of the following characteristics about mortgage mutual funds is CORRECT?

A. if interest rates fall, the mutual fund's net asset value per unit (NAVPU) will decline

B. typically monthly distributions of interest

C. suitable only for high risk investors

D. risk-free where the mortgages are National Housing Act (NHA) insured

正解：B 解答を投票する

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出題：9

Which of the following best describes implied needs of your clients?

A. They are statements of wants and needs made by clients.

B. They are needs reflected by statements made by clients regarding problems and dissatisfactions.

C. They are statements made by you showing readiness to solve a client's problem.

D. They are statements made by clients expressing the desire for lower commissions.

正解：B 解答を投票する

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出題：10

Which of the following form part of the disclosure documents relating to mutual funds?

A. statement of net assets, annual information form, management reports of fund performance

B. new account information form, quarterly financial statements, and security certification

C. balance sheet, income and cash flow statements of the portfolio management company

D. annual proxy voting record, audited financial statements, and proof of registration

正解：A 解答を投票する

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出題：11

Your client, James, would like to work beyond the normal retirement age. He comes to you for advice on his registered retirement savings plan (RRSP). What are the rules regarding terminating an RRSP?

A. James must terminate the plan by the end of the year he turns 71.

B. James must terminate the plan by the end of the year he turns 67.

C. James must terminate the plan by the end of the year he turns 70.

D. James must terminate the plan by the end of the year he turns 65.

正解：A 解答を投票する

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出題：12

Lucas is 60 years old and continues to work. He presently is a plan holder of a registered retirement savings plan (RRSP). He is considering changing his RRSP to a registered retirement income fund (RRIF).
Which of the following statements is CORRECT?

A. Once he changes his RRSP to a RRIF, his unused total RRSP contribution room is lost.

B. There is no minimum age to be an annuitant to a RRIF.

C. Minimal withdrawals are required to start in the current calendar year his RRIF was established.

D. Investments that qualify as an eligible investment for a RRIF are different than for an RRSP.

正解：A 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：13

Gershon is a Dealing Representative and he opens a new account for his client, Isaac. Gershon collects the necessary information from Isaac in order to designate the Trusted Contact Person (TCP) for Isaac's account.
Which of the following statements about Isaac's TCP is CORRECT?

A. The TCP is the person whom Gershon can speak to if he becomes concerned about Isaac's mental capacity to make financial decisions.

B. The TCP is an alternative to a Power of Attorney (PQA) and has the authority to make changes to Isaac's account and direct trading.

C. The TCP is an alternative authority on Isaac's account that has the power to place a temporary hold on Isaac's account to disallow trading.

D. The TCP is the person who is designated with authority to direct financial dealings for Isaac's account and make financial decisions.

正解：A 解答を投票する

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出題：14

During the calendar year, Firmansyah received a $1,800 eligible dividend from a large Canadian bank and a
$US dollar (USD) dividend of $882.02 from a foreign-based corporation. The USD/CAD exchange rates is
1.3605.
Firmansyah's federal marginal tax bracket is 29%. The enhanced dividend gross-up rate is 38% and the federal dividend tax credit rate for eligible dividends is 15%.
What federal tax liability will be result from his investment income?

A. $522.00

B. $348.00

C. $695.76

D. $870.00

正解：C 解答を投票する

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出題：15

Which of the following applies to a mutual fund trust?

A. It has unitholders.

B. It has a board of directors and shareholders.

C. It is always closed-end.

D. It is not efficient at passing through income to investors.

正解：A 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

CIFC試験無料問題集「IFSE Institute Canadian Investment Funds Course 認定」