Comprehensive Guide to Prepare for the Canadian Investment Funds Course (CIFC) Exam: CIFC New Dumps Online

1. MFDA investor protection fund has a coverage of ____ per customer account

2. Harry has 20000 in his mutual fund account, his original cost of acquisition was 10000 and 5000 is the total reinvested dividends, if he decides to sell all his units and is taxed at 40%, what will be his tax payable

3. Which of the following risk is reduced by hedging

4. Which courses fall under the educational qualification needed to be a mutual fund dealer

5. If the NAV of a mutual fund is 15 and the front end load is 5%, what is the purchase price per unit

6. Harry is a new Mutual fund dealer, he selectively leaves out that he is one of the biggest shareholders and sits on the board of a mutual fund company he is suggesting the clients to buy. He is most likely in breach of

7. Which of the following is most likely not part of Know your client requirement

8. Based on Philosophies of Fixed Income investing the statement " Investors move between long term and very short term T- Bills based on their forecast of risk free rate " is most likely associated with

9. All mutual fund dealers except from ___ are required to be part of MFDA

10. Harry who is conservative investor wants to minimize volatility, which fund amongst the below options will he most likely choose

11. Which of the following is usually associated with "trading of units beyond limited numbers of trades mentioned in the fund "

12. Anti money laundering and terrorist finance rules dictate that you should report any cash transaction above

13. Which of the following risk is generally associated with " The unique risk that a bond will not be paid "

14. Which of the following is not part of Professionalism primary value

15. Which of the following activities mutual fund dealers can not conduct before getting their registration

16. Calculate the reward to risk ratio of ABC fund which had a return of 10% and standard deviation of 5.5%. The risk free rate was 3%.

17. Which of the following is generally associated with Trailer fees in a Mutual fund

18. Which of the following risk is generally associated with " Changes in interest rates leading to changes in fixed income securities prices "

19. Which of the following risk cannot be reduced

20. Which of the following is not part of Professionalism primary value

21. Which of the following is generally associated with sales deferred (back end load) in a Mutual fund

22. Which of the following is not one of the common infractions related to vulnerable clients

23. Harry has made a promise of 12% annual returns to his clients, is usually a breach of which of the following prohibited practices

24. Which of the following risk is reduced by diversification

25. Harry is a new Mutual fund dealer, he selectively leaves out one year of bad performance while reporting performance to his client. He is most likely in breach of

26. Harry is invested in a short term government debt, which of the following index is most like suitable for measuring his performance

27. All else being equal, which of the following mutual funds would Harry most likely choose

28. " Having to subpoena witnesses, seize documents for examination and operate as administrative tribunals " is most likely related to which of the powers of securities administrators

29. Which of the following transaction is not shown in T3/ T5 document

30. Which of the following is not part of Duty of care primary value

31. " Ensuring that all documents and other required information are prepared in accordance with requirement and provided to the appropriate parties in timely manner " is most likely related to which of the powers of securities administrators

32. Harry is a new Mutual fund dealer, he is advising Caitlin on covered call mutual fund, he suggested she buy a mutual fund in which his partner is the fund manager and has higher fees. He is most likely in breach of

33. " Reviewing the applicants integrity, financial solvency and general competence " is most likely related to which of the powers of securities administrators

34. Harry is a Mutual fund dealer, commingled his clients assets with his assets, which was in violation of SRO rules. He is most likely in breach of

35. Harry has decided to invest 500 in an index fund tracking SAP 500 every month, he is most likely following

36. Harry has just cleared the IFIC exam but is not registered yet, he starts recommending mutual funds to his friends, is usually a breach of which of the following prohibited practices

37. Which of the following is usually associated with "implicit cot of the fund "

38. Based on Philosophies of equity investing the statement " Investors seek companies in sectors entering a period of expansion, which have limited competition, high quality of R And D, low labor cost and strong return on invested capital. They usually show above normal earnings growth " is most likely associated with

39. Which of the following risk is reduced by avoiding to specialize in corporate bonds

40. Harry is a new Mutual fund dealer, he is advising Caitlin on covered call mutual funds, he puts his commissions at the forefront while suggesting her products. He is most likely in breach of

41. Based on the risk return metrics, identify the highest risky mutual fund

42. Harry is invested in a mix of bonds of canadian governments and corporations, which of the following index is most like suitable for measuring his performance

43. Style drift is usually associated with

44. Harry, a Mutual fund dealer, showed his clients AUM with him while bragging at a party he was attending. He is most likely in breach of

45. Which of the following risk is generally associated with " Changes in relative value of the currencies of the countries on investment "