Pass CIFC Exam to Get IFSE Institute Certification

Category:

Comments:

0 Comments

Post Date:

September 12, 2023

The CIFC exam is hot, and passing it requires a deep understanding of IFSE Institute solutions. Practicing with IFSE Institute CIFC dumps questions can help you reinforce your knowledge and increase your chances of passing the exam. CIFC dumps are available to help you prepare for the CIFC exam. Using CIFC exam dumps questions is one effective way to supplement your study plan and increase your chances of success on exam day. Test free Investments & Banking CIFC exam dumps below.

Page 1 of 4

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

Enforcement

Disclosure

Registration

Resinding

2. Harry has 1000 units in a mutual fund that has an NAV of 9 and pays a dividend of 0.90. If the dividend is reinvested what would be Harry’ new number of units

9000

1000

1111

999

3. Which of the following risk is reduced by hedging

Unique risk

Market risk

Interest rate risk

Default risk

Exchange rate risk

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

Provide basic information regarding current holdings

Receive redemption request

Provide information about a specific mutual fund

Forwarding completed orders to a registered salesperson

Refer client to registered mutual fund dealer

5. Style drift is usually associated with

Change in managers investment style over a period of time

Change in way of calculating MER

Change in fund management team

Change in top holding of a fund

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

Investment needs and objectives

Sexual orientation and gender identity

Investment time horizon

Financial circumstances

Personal circumstances

Risk profile

Investment knowledge

7. Which of the following funds would most likely have a very high turnover rate

Index fund

Blue chip fund

Value fund

Growth fund

8. Which of the following is not one of the powers that MFDA has

Investigate possible violations of its rules and policies

Conduct disciplinary actions

Access and handle complaints

Criminally prosecute corrupt dealers

Impose fines and suspend rights and privilege of membership in the MFDA

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

3000000

1000000

2000000

500000

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

Default risk

Exchange rate risk

Unique risk

Interest rate risk

Market risk

Page 2 of 4

11. Which of the following is not the recommended action to deal with an unsolicited order

Update the KYC if it is warranted

Provide cautionary advice

Refuse to execute the order if the advisor thinks its not suitable

Execute the order without delay to avoid front running

Update the investment policy if it is warranted

12. 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

Confidentiality

Duty of care

Compliance

Professionalism

Integrity

13. Which of the following is usually associated with "switching investments from one fund to another "

Trustee fee

Transfer fee

Acquisition fee

Account closing fee

Frequent trading fees

Management fee

Redemption fee

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

Fixed dollar withdrawal

One time investment

Dollar cost averaging

Ratio Withdrawal

15. Harry promises his client that he would buy back the mutual fund it it drops in value, is usually a breach of which of the following prohibited practices

Promising a future price

Provision on non monetary benefits

Advertising the registration

Quoting a future price

Offer to repurchase

Selling without being registered

16. Based on Philosophies of Fixed Income investing the statement " Investors use fundamentals, credit and quantitative valuation of individual securities " is most likely associated with

Security selection

Interest rate Anticipation

Sector trading

Value investing

17. Backdating an order is usually a breach of which of the following prohibited practices

Advertising the registration

Quoting a future price

Provision on non monetary benefits

Promising a future price

Offer to repurchase

Selling without being registered

18. Which of the following is not a way to quantify volatility of a mutual fund

Compounded average growth rate

Funds best and worst performance in last 12 month period

Beta

Standard deviation

Funds worst annual, quarterly or monthly losses

Number of calendar years the fund lost money

19. With respect to the powers of securities administrators which of the following is not its power

Enforcement

Disclosure

Resinding

Registration

20. Which of the following is generally associated with front end loads in a Mutual fund

Fees charge ever year as a compensation for fund managers and administration

Fees changed on sale of mutual fund

Fees charged on purchase of a mutual fund

Fees charged for registering an Mutual fund account

Page 3 of 4

21. 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

Offer to repurchase

Promising a future price

Provision on non monetary benefits

Selling without being registered

Advertising the registration

Quoting a future price

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

Dividend funds

Real estate funds

Speciality Funds

Equity funds

23. Based on the risk return metrics, identify the least risky mutual fund

Equity funds

Real estate funds

Dividend funds

Speciality Funds

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

Fund A- MER 0.5 %

Fund D- MER 0.25 %

Fund B- MER - 2 %

Fund C- MER 1.5 %

25. Which of the following Mutual fund managers have generated positive alpha, Manager A returns 12%, benchmark returns 15%, Manager B - 8%, Benchmark returns 7%. Manager C -20% Benchmark 25%, Manager D - 4% Benchmark 6%.

Manager A

Manager C

Manager D

Manager B

26. Based on Alpha, which of the following fund manager performed the best

Manager C -Alpha 3

Manager A- Alpha 2

Manager D- Alpha -0.5

Manager B - Alpha - 1

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

500

100000

1000

10000

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

Promising a future price

Quoting a future price

Offer to repurchase

Selling without being registered

Provision on non monetary benefits

Advertising the registration

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

Client orders

Personal financial dealings with clients

Other personal endeavors

Personal business

Client Business

Compliance with securities Act and SRO Rules

Trades by registered and approved individuals

30. Harry is a Mutual fund dealer, lended some money to his client to cover her purchase order. He is most likely in breach of

Professionalism

Integrity

Duty of care

Compliance

Confidentiality

Page 4 of 4

31. If the manager expense ratio is 3% and Trading expense ratio is 1.5%.

What is the fund expenses

4.5%

1.5%

32. 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

Duty of care

Professionalism

Integrity

Confidentiality

Compliance

33. Which of the following would not be a factor affecting the MER.

Manager of the fund

Size of the fund

Types of assets managed by the fund

Trustee fee for the accounts like TFSA

Trailer or service fees

34. " 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

Registration

Enforcement

Resinding

Disclosure

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

Fees charged on purchase of a mutual fund

Fees charged as a percentage of assets and paid to mutual fund sales representative every year

Fees charge ever year as a compensation for fund managers and administration

Fees changed on sale of mutual fund

TAGS:

CIFC, CIFC exam dumps

Notify of

Label

Name*

Email*

Website

Label

Name*

Email*

Website

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments

Posts

Get CIFC Dumps Full Version

Q&As: 115
Versions: PDF and Software Download Now

About Dumpsinfo

Dumpsinfo is a good platform providing the latest exam information and dumps questions for all IT certification exams. You can study all the latest exam dumps questions online.

[email protected]

Mon - Sat 9:00am - 6:00pm

Pass CIFC Exam to Get IFSE Institute Certification

Related

Posts

About Us

EMAIL

Services

Opening Hours