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IFSE Institute Updated CIFC Exam Questions and Answers by leighton

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IFSE Institute CIFC Exam Overview :

Exam Name: Canadian Investment Funds Course Exam
Exam Code: CIFC Dumps
Vendor: IFSE Institute Certification: Investments & Banking
Questions: 224 Q&A's Shared By: leighton
Question 40

Which of the following statements about pension adjustments (PA) is TRUE?

Options:

A.

They represent how much your pension is reduced due to market conditions.

B.

They increase your registered retirement savings plan (RRSP) room by the amount of the pension adjustment.

C.

They represent how much your pension will increase due to years of service.

D.

You will receive a PA whether you are in a defined contribution or a defined benefit pension plan.

Discussion
Question 41

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?

Options:

A.

Canadian small capitalization equity fund

B.

Canadian equity index fund

C.

Canadian dividend fund

D.

Canadian bond fund

Discussion
Question 42

Derek submits an order to sell 300 units of the Evergreen Canadian Mortgage Fund at 8:00 p.m. EST on Friday, January 6. His proceeds will be based on the net asset value per unit (NAVPU) for which day (assume no holidays)?

Options:

A.

Friday, January 6

B.

Monday, January 9

C.

Tuesday, January 10

D.

Wednesday, January 11

Discussion
Question 43

Davis invested in a tactical asset allocation fund in his non-registered investment account. Distributions from the mutual fund are paid directly to Davis and not reinvested. Assuming a federal marginal tax rate

of 26%, dividend gross-up rate of 38% and federal dividend tax credit rate of 15%, which type of distribution would result in the lowest amount of tax payable?

Options:

A.

Capital Dividend

B.

Capital Gain

C.

Eligible Dividend

D.

Interest

Discussion
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