[2023年更新]無料CIFC試験問題集はパス試験は超簡単
CIFC試験問題集でCIFC練習テスト問題
質問 # 33
In a mutual fund dealer, who is the person responsible for establishing and maintaining compliance policies and procedures as well as monitoring and assessing compliance?
- A. the trustee
- B. the chief executive officer
- C. the ultimate designated person
- D. the chief compliance officer
正解：D
質問 # 34
Sujay contributes 3% of his $60,000 salary to his employer's defined contribution pension plan. His employer contributes the same amount to the plan. How will this affect his registered retirement savings plan (RRSP) contribution room for the year?
- A. It will reduce Suiay's contribution room by $3,600.
- B. It will reduce Suiay's contribution room by 51,800.
- C. It will have no effect. RRSP contribution room is based on earned income only.
- D. It will reduce Suiay's contribution room by
正解：D
質問 # 35
On January 2nd of this year Evan purchased 500 preferred shares of Ingram Ltd. The preferred shares have a par value of $25 per share and a quarterly dividend of $0.98 per share. They also give Evan the option to sell the shares back to Ingram at par value any time from now until September 1st two years from now. What type of preferred shares does Evan own?
- A. convertible
- B. participating
- C. redeemable
- D. retractable
正解：D
質問 # 36
What type of shares offer its shareholders the opportunity to receive additional dividends if the company's profit exceeds a stated level?
- A. Redeemable preferred shares
- B. Cumulative preferred shares
- C. Convertible preferred shares
- D. Participating preferred shares
正解：D
質問 # 37
Which of the following statements is true when comparing fund of funds to traditional mutual funds?
- A. Since fund of funds invest primarily outside Canada, they will have higher fees than traditional mutual funds.
- B. Fund of funds have higher fees than traditional mutual funds since there are two sets of management fees.
- C. Fund of funds have more fee structure options available and lower fees than traditional mutual funds.
- D. Fund of funds have more asset class options available and lower fees than traditional mutual funds.
正解：B
質問 # 38
Which of the followings describes segregated funds?
- A. Segregated funds have high returns, high management fees, and cannot be redeemed until the maturity date of the contract.
- B. Segregated funds offer some protection of the capital invested but there is an added cost for the protection.
- C. Segregated funds flow through capital losses to investors because the investors are the owners of the underlying fund.
- D. Segregated funds are subject to securities regulation because they are distributed by mutual fund dealing representatives.
正解：B
質問 # 39
Karen's know your client (KYC) profile corresponds to someone who has a long time horizon, is comfortable with risk and volatility, and is primarily interested in growth. She watches the daily movements of the Toronto Stock Exchange (TSX) and wants a mutual fund that will closely match what she sees.
What kind of mutual fund would be BEST for her?
- A. Canadian small capitalization equity fund
- B. Canadian dividend fund
- C. Canadian bond fund
- D. Canadian equity index fund
正解：D
質問 # 40
Jehona is a Dealing Representative with Vista Wealth Investments Inc., a mutual fund dealer in Ontario and Nova Scotia. Jehona has reviewed her client Sokol's account and wants to adjust the holdings andre-balance the portfolio. Which of the following statements about Jehona's permitted activities is CORRECT?
- A. If Jehona wants to execute trades for Sokol's account, Sokol must provide his specific authorization before the trades are entered.
- B. If Sokol has siqned a Limited Authorization Form, Jehona can process the trades in the account without Sokol's pre-approval.
- C. If Jehona wants to execute the trades without Sokol's pre-approval, Sokol must first appoint Jehona as his Power of Attorney.
- D. If Sokol has qiven Jehona discretionary tradinq authority, Jehona can process trades in the account without Sokol's pre-approval.
正解：A
質問 # 41
Jasmine received an inheritance from her grandmother of $10,000. She wants to invest her money wisely. She has seen in the news that a particular energy company is doing very well and has good prospects. She has also seen how volatile its share price has been in the last year. She knows the risks of the resource sector and wants to invest but is not comfortable with so much volatility. Which of the following mutual fund benefits would address her concern?
- A. convenience
- B. liquidity
- C. low cost
- D. diversification
正解：D
質問 # 42
Which of the following statements about registered education savings plans (RESPs) is CORRECT?
- A. Contributed funds grow tax-free within the plan.
- B. Contributions to RESPs are tax deductible.
- C. RESPs must be collapsed by the end of the 31st year of its starting date
- D. There is a yearly contribution limit per beneficiary.
正解：A
質問 # 43
At the close of business, Great Lengths Equity Fund had total assets of $135 million and total liabilities of $10 million. They had 11 million units outstanding. In addition, their current assets totalled $13 million and current liabilities were $3 million. Which of the following statements regarding Great Lengths Equity Fund's net asset value per unit (NAVPU) is correct?
- A. There is not enough information available to calculate the NAVPU.
- B. Great Lengths Equity Fund's NAVPU is $11.36.
- C. Current assets and current liabilities are used in the NAVPU calculation.
- D. The NAVPU is the total liabilities divided by the number of outstanding units.
正解：B
質問 # 44
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?
- 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.
正解：C
質問 # 45
Iliana owns 1,000 participating preferred shares in the First Canadian Bank. Which of the following features are characteristic of her investment?
- A. Iliana is able to vote at the annual general meeting and elect members of the board of directors.
- B. Iliana has the right to purchase more preferred shares in the company before common shareholders.
- C. Iliana can convert her preferred shares to common shares at a fixed price and within a specified time period.
- D. Iliana has a right to share in the bank's net profits over and above the specified dividend rate.
正解：A
質問 # 46
Ken is a member of his employer's Defined Benefit Pension Plan (DBPP). Which of the following statements about Ken's plan is CORRECT?
- A. Income received from the plan is eligible for pension income splitting even if Ken retires before 65.
- B. The amount that Ken will receive at retirement is not guaranteed.
- C. The amount Ken receives in retirement depends on the performance of the investments he has selected within the plan.
- D. Contributions to the plan do not result in a Pension Adjustment (PA) for Ken.
正解：A
質問 # 47
The owners of Underground Airways Ltd. want to take their privately owned corporation public through an initial public offering (IPO). They are speaking to a specialist from an investment dealer to determinewhether it would be advisable to become listed on a stock exchange or the over-the-counter (OTC) market.
In comparing the two options, which of the following considerations is TRUE?
- A. Underground would still be directly involved in the trading of their shares on either market.
- B. If Underground chose to list on the OTC market, there would be no secondary market available for investors.
- C. A stock exchange listing would provide Underground with greater market exposure and public confidence than listing on the OTC market.
- D. Underground would be subject to less stringent listing requirements if they chose the stock exchange as compared to the OTC market.
正解：C
質問 # 48
Quinton, a Dealing Representative, meets with his client Banji. Banji's Know Your Client (KYC) indicates that her risk profile is "medium''. Banji currently has $35,000 in her account which is invested 50% in the Middleton Balanced Fund and 50% in the Hector Growth Fund. She tells Quinton that she would like to contribute an additional $10,000 to purchase the Prospect Labour-Sponsored Fund. Which of the following statements about Banji's proposed transaction is CORRECT?
- A. Quinton can proceed with the purchase of the Prospect Labour-Sponsored Fund because it is suitable for Banji based on her current KYC.
- B. Quinton should update Banji's risk profile to "high" so that he can proceed with the purchase of the Prospect Labour-Sponsored Fund.
- C. Quinton should not proceed with the purchase of the Prospect Labour-Sponsored Fund because it is not suitable for Banji based on her current KYC.
- D. Quinton must provide Banji with full disclosure about the risks so that he can proceed with the purchase of the Prospect Labour-Sponsored Fund.
正解：C
質問 # 49
Darryl has a diversified investment portfolio of mutual funds in a non-registered account with Investwell Mutual Funds, a mutual fund dealer. Darryl's diversified portfolio is composed of 3 mutual funds. Each mutual fund is currently worth about $100,000. The ABC Canadian Equity Fund has a total return of 6%, the DEF Bond Fund has a total return of 8% and GHI Global Equity Fund has a total return of 10%. Darryl wants to make an in-kind contribution to his registered retirement savings plan (RRSP) account. He has unused RRSP contribution room of $60,000.
From a tax-efficient viewpoint, which funds contribute in-kind to his RRSP account?
- A. Move the GHI Global Equity Fund to the RRSP
- B. Move $20,000 from each of the three funds to the RRSP.
- C. Move the DEF Bond Fund to the RRSP.
- D. Move the ABC Canadian Equity Fund to the RRSP.
正解：C
質問 # 50
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. $35,859
- B. $42,861
- C. $36,698
- D. $37,888
正解：D
質問 # 51
When you buy a put option, which of the following is TRUE?
- A. You have the right to purchase a set number of shares at a set price.
- B. You have the right to sell a set number of shares at a set price.
- C. You have the obligation to buy a set number of shares at a set price.
- D. You have the obligation to sell a set number of shares at a set price.
正解：B
質問 # 52
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