20:00

PDF|

Guide for IFIC Practice Test

Quiz IFIC Practice Test

Free Test
/ 10

Quiz

1/10
Free Questions
A client tells you that she wishes to retire with $1,000,000 in 15 years. To which Know Your Client component does this apply?
Select the answer
1 correct answer
A.
Financial goals and objectives.
B.
Personal circumstances.
C.
Financial circumstances.
D.
Ability to tolerate risk.

Quiz

2/10
Free Questions
A client asks for advice on setting his household budget. What is the first action that a mutual fund representative should take?
Select the answer
1 correct answer
A.
Schedule a meeting to discuss the budget.
B.
Refer the client to a licensed stockbroker.
C.
Refer the client to a financial planner.
D.
Gather the client’s financial information and prepare an initial budget.

Quiz

3/10
Free Questions
On what specific market does bond trading take place?
Select the answer
1 correct answer
A.
Over-the-counter market.
B.
Money market.
C.
Primary market.
D.
Bourse de Montreal.

Quiz

4/10
Free Questions
Indicate the rule that states that you must use due diligence to learn the essential facts relevant to every client and every order.
Select the answer
1 correct answer
A.
Know your client.
B.
Disclosure.
C.
Professional.
D.
Suitability.

Quiz

5/10
Free Questions
The following clients all have $10,000 to invest. How would you rank them based on the likelihood of recommending an equity fund, from least likely to most likely?
Bob, Age 35, Net Worth $500,000, no dependants.
Khalid, Age 55, Net Worth $85,000, 2 dependants.
Sabrina and Nick, Ages 28 and 32, Net Worth $300,000, 1 dependant.
Marg, Age 75, Net Worth $800,000, retired, 1 dependant.
Select the answer
1 correct answer
A.
2, 4, 3, 1
B.
3, 1, 4, 2
C.
1, 3, 2, 4
D.
4, 1, 3, 2

Quiz

6/10
Free Questions
XYZ is a dealer that registered with IIROC and is selling mutual funds to its investors. Which regulator is responsible for regulating the sale of mutual funds to XYZ investors?
Select the answer
1 correct answer
A.
CSA
B.
TSX
C.
IIROC
D.
MFDA

Quiz

7/10
Free Questions
What type of security gives an investor an ownership stake in a company?
Select the answer
1 correct answer
A.
Call option
B.
Futures contract
C.
Secured bond
D.
Preferred share

Quiz

8/10
Free Questions
HD Inc., a privately-owned company, wants to have its shares listed on the Toronto Stock Exchange. What type of public offering would the underwriter make use of?
Select the answer
1 correct answer
A.
Initial public offering
B.
Secured bond float
C.
Money market offering
D.
Secondary market offering

Quiz

9/10
Free Questions
A provincial regulator advises dealers to report material changes within 5 business days, but IIROC requires reporting within 2 business days. Which rule applies?
Select the answer
1 correct answer
A.
It is up to the dealer to choose.
B.
IIROC rule will apply.
C.
Provincial regulator rule will apply.
D.
None of the two rules apply.

Quiz

10/10
Free Questions
Which of the following best describes a mutual fund’s NAV (Net Asset Value)?
Select the answer
1 correct answer
A.
The total liabilities divided by the number of units outstanding.
B.
The market value of all assets minus liabilities, divided by units outstanding.
C.
The fund’s total return over the past year.
D.
The fee charged to investors for each transaction.
Looking for more questions?Buy now

IFIC Practice Test Practice test unlocks all online simulator questions

Thank you for choosing the free version of the IFIC Practice Test practice test! Further deepen your knowledge on Employment Test Simulator; by unlocking the full version of our IFIC Practice Test Simulator you will be able to take tests with over 918 constantly updated questions and easily pass your exam. 98% of people pass the exam in the first attempt after preparing with our 918 questions.

BUY NOW

What to expect from our IFIC Practice Test practice tests and how to prepare for any exam?

The IFIC Practice Test Simulator Practice Tests are part of the Employment Test Database and are the best way to prepare for any IFIC Practice Test exam. The IFIC Practice Test practice tests consist of 918 questions divided by 19 topics and are written by experts to help you and prepare you to pass the exam on the first attempt. The IFIC Practice Test database includes questions from previous and other exams, which means you will be able to practice simulating past and future questions. Preparation with IFIC Practice Test Simulator will also give you an idea of the time it will take to complete each section of the IFIC Practice Test practice test . It is important to note that the IFIC Practice Test Simulator does not replace the classic IFIC Practice Test study guides; however, the Simulator provides valuable insights into what to expect and how much work needs to be done to prepare for the IFIC Practice Test exam.

BUY NOW

IFIC Practice Test Practice test therefore represents an excellent tool to prepare for the actual exam together with our Employment Test practice test . Our IFIC Practice Test Simulator will help you assess your level of preparation and understand your strengths and weaknesses. Below you can read all the quizzes you will find in our IFIC Practice Test Simulator and how our unique IFIC Practice Test Database made up of real questions:

Info quiz:

  • Quiz name:IFIC Practice Test
  • Total number of questions:918
  • Number of questions for the test:100
  • Pass score:70%
  • Number of topics:19 Topics
Study topics:Number of questions:
  • Alternative Managed Products:50 Questions
  • Applying Ethical Standards to What You Have Learned:50 Questions
  • Behavioural Finance:50 Questions
  • Conservative Mutual Fund Products:50 Questions
  • Constructing Investment Portfolios:50 Questions
  • Free Questions:18 Questions
  • Getting to Know the Client:50 Questions
  • Mutual Fund Dealer Regulation:50 Questions
  • Mutual Fund Fees and Services:50 Questions
  • Overview of Economics:50 Questions
  • Overview of the Canadian Financial Marketplace:50 Questions
  • Riskier Mutual Fund Products:50 Questions
  • Selecting a Mutual Fund:50 Questions
  • Tax and Retirement Planning:50 Questions
  • The Modern Mutual Fund:50 Questions
  • The Role of the Mutual Fund Sales Representative:50 Questions
  • Types of Investment Products and How They Are Traded:50 Questions
  • Understanding Financial Statements:50 Questions
  • Understanding Mutual Fund Performance:50 Questions

You can prepare for the IFIC Practice Test exams with our mobile app. It is very easy to use and even works offline in case of network failure, with all the functions you need to study and practice with our IFIC Practice Test Simulator.

Use our Mobile App, available for both Android and iOS devices, with our IFIC Practice Test Simulator . You can use it anywhere and always remember that our mobile app is free and available on all stores.

Our Mobile App contains all IFIC Practice Test practice tests which consist of 918 questions that are divided by 19 topics and also provide study material to pass the final IFIC Practice Test exam with guaranteed success. Our IFIC Practice Test database contain hundreds of questions and Employment Test Tests related to IFIC Practice Test Exam. This way you can practice anywhere you want, even offline without the internet.

BUY NOW