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CSI Updated IFC Exam Questions and Answers by taron

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CSI IFC Exam Overview :

Exam Name: Investment Funds in Canada (IFC) Exam
Exam Code: IFC Dumps
Vendor: CSI Certification: Canadian Securities Course
Questions: 447 Q&A's Shared By: taron
Question 52

Evan owns retractable preferred shares of Ingram Corp. Which statement CORRECTLY describes a key feature of Evan's shares?

Options:

A.

Gives Evan the option to convert the Ingram Corp preferred shares into a fixed number of common shares at a predetermined price within a specified period.

B.

Offers Evan the opportunity to receive additional dividends if Ingram Corp's profit exceeds a stated level.

C.

Entitles Evan to sell the shares back to Ingram Corp at a pre-determined price and time in the future.

D.

Allows Ingram Corp to buy back the preferred shares at a pre-determined price within a defined period.

Discussion
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Question 53

What bias results in investors valuing an asset that they own over an asset that another individual owns?

Options:

A.

Representativeness

B.

Endowment

C.

Risk aversion

D.

Status Quo

Discussion
Question 54

The following information is available for Monique:

Number of children

1

Lifetime RESP contributions to date

$45,000

CESG received to date

$7,200

Family income

$120,000

Desired current year contribution

$7,000

What is the maximum RESP contribution that Monique can make this year?

Options:

A.

$7,000

B.

$5,000

C.

$5,500

D.

$0

Discussion
Question 55

Sandra presently participates in her employer-sponsored defined contribution pension plan (DCPP). As contributions continue to be made into her plan, what can she expect?

Options:

A.

Retirement benefits will be based on a prescribed formula that can be referenced from the plan's terms and conditions.

B.

The employer will solely make contributions to her DCPP based on a prescribed formula noted within her plan.

C.

Her available registered retirement savings plan (RRSP) contribution room will be reduced by what is being contributed to her plan.

D.

To ensure she has savings at retirement, the employer will choose stable investments to grow her retirement savings.

Discussion
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