2026년 IFSE Institute Canadian Investment Funds Course 시험 대비는 ExamPassdump 하나로 충분합니다. CIFC 연습문제 225문항부터 365일 무료 업데이트와 즉시 다운로드까지 한곳에서 이용하실 수 있습니다.

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최신 Investments & Banking CIFC 무료샘플문제

문제 #1

One of your clients, Rakesh, had a portfolio composed of 60% ABC Equity Fund and 40% ABC Bond Fund.
Since equities were performing much better than fixed income, he had increased his holdings in ABC Equity Fund to 70% and had reduced his holding in ABC Bond Fund to 30% of his portfolio.
After benefitting the growth in his ABC Equity Fund for over 2 years, Rakesh is uncomfortable with this heavy exposure to equity funds and decides to rebalance his portfolio back to 60% of ABC Equity Fund and
40% of ABC Bond Fund.
He instructs you to switch 10% of the portfolio from the ABC Equity Fund to the ABC Bond Fund.
Which of the following statements is CORRECT?

A. Rakesh will not be subjected to a switch fee if his equity fund is a no-load fund.
B. Rakesh will not be subjected to a switch fee if it is outlined in the prospectus.
C. Rakesh will not be subjected to a switch fee if his original units were purchased with a sales charge.
D. Rakesh will not be subjected to a switch fee if his equity fund is a low-load fund.

문제 #2

Yesterday, Mariana purchased mutual funds for the first time from Diablo, who is a Dealing Representative for Horizon Financial. When Mariana mentions to her friend Marcus that she just started to invest, Marcus confides that he experienced losses from mutual fund investing. Her initial feelings of excitement have now changed to worry and regret. She wished she had talked to her friend before investing and wonders if she can change her mind.
Which statement regarding the right of withdrawal applies?

A. The right of withdrawal is based on the securities act legislation within the jurisdiction the purchase occurred.
B. The Canadian Securities Administrators have instituted national instruments regarding Mariana's right to cancel her order.
C. How the right of withdrawal can be applied is determined by the Mutual Fund Dealers Association of Canada's conduct rules.
D. Before Mariana can cancel her order, she must wait two business days to pass before she can cancel her order.

문제 #3

Your client has very limited investment knowledge and is confused about what is meant by "marginal tax rate". What do you tell him?

A. It is the number used to gross-up Canadian dividend income.
B. It is the tax rate applied to the next dollar earned.
C. It is the tax rate used in calculating taxable capital gains.
D. It is an amount resulting from dividing your total tax liability by your taxable income for the year.

문제 #4

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 is a better fund because it has a higher quartile ranking.
B. Fontaine Equity Fund has a lower risk level since its Sharpe Ratio is lower.
C. Fontaine Equity Fund's higher MER contributes to its lower 5-year annualized return.
D. Chamberlain Equity Fund has lower volatility since its 5-year annualized return is higher.

문제 #5

During the calendar year, Firmansyah received a $1,800 eligible dividend from a large Canadian bank and a foreign, dividend from his 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 due from the investment income?

A. $348.00
B. $522.00
C. $870.00
D. $695.76

질문과 대답: