最新的Investment Funds in Canada認證 IFC考試題庫

問題1

Which of the following statements about capital gains distributions from mutual fund trusts is correct?

A. Capital gains from mutual fund trusts are deferred until the investor exits the mutual fund.

B. Capital gains distributions are not a disposition and are therefore not taxable.

C. Capital gains distributions from a mutual fund trust are reported annually on a T3.

D. Capital gains from mutual fund distributions are 100% taxable.

正確答案: C

說明：（僅 VCESoft 成員可見）

問題2

Which of the following statements about nominee name accounts is TRUE?

A. A Limited Trading Authorization (LTA) is necessary since the dealer, and not the client, is the registered owner of the mutual funds.

B. The dealer is the registered owner of the account and holds funds in trust for the client.

C. Discretionary trading on a client's account, without specific instructions, is permitted.

D. Holding accounts in nominee name means the client no longer needs to provide any trading instructions.

正確答案: B

說明：（僅 VCESoft 成員可見）

問題3

Fernanda, an advisor, is setting up her process for completing client suitability assessments. What must Fernanda do with respect to investment suitability?a

A. Recommend the lowest cost products.

B. Review the Know Your Client information with clients at least annually.

C. Assess suitability on solicited orders only.

D. Reassess suitability as market conditions change.

正確答案: B

問題4

What type of benefit plan has a final benefit that is dependent on the investment returns within the plan?

A. Flat benefit plan

B. Final average plan

C. Career average plan

D. Defined contribution plan

正確答案: D

說明：（僅 VCESoft 成員可見）

問題5

What type of asset allocation strategy rebalances asset classes to pre-defined corridors?

A. Strategic

B. Tactical

C. Expected

D. Model

正確答案: A

問題6

Which statement best describes what a rational investor will do when comparing the risk and return of two investments?

A. He will select the one that maximizes risk and maximizes return

B. He will select the one that minimizes risk and maximizes return

C. He will select the one with the lower risk because all investors are risk averse

D. He will select the one with the higher expected risk because that is the only way to earn a higher return

正確答案: B

說明：（僅 VCESoft 成員可見）

問題7

Charlotte has received proceeds from a deceased family member's estate. Charlotte decides to visit Malik, who's a Dealing Representative at her bank. She tells Malik, she does not know much about trading ETFs, but she wants to invest in ETFs. Charlotte says she feels fortunate to have this money and that she's not worried about losing it because she never planned on having any of it.
What element of the Know Your Client (KYC) information has Malik been able to learn?

A. Risk Profile

B. Risk Preference

C. Risk Capacity

D. Risk Tolerance

正確答案: B

說明：（僅 VCESoft 成員可見）

問題8

Gregory is a conservative investor who wants to hold a portfolio of equity securities that would fall less than the overall market in a downturn.
Which of the following portfolios would you advise Gregory to invest in?

A. a portfolio with a beta greater than 2

B. a portfolio with a beta less than 1

C. a portfolio with a beta equal to 1

D. a portfolio with a beta between 1 and 2

正確答案: B

說明：（僅 VCESoft 成員可見）

問題9

A mutual fund has the following investment objective: "This Fund invests in a diverse portfolio of equity securities that are judged to have fundamental growth opportunities." What is this type of mutual fund?

A. Equity growth

B. Target-date

C. Standard equity

D. Equity index

正確答案: A

問題10

Bernadette has a high-paying job and is in the top tax bracket. She recently received a payment of $5 million upon the settlement of her uncle's estate. Bernadette would like to invest her inheritance in financial products that would not only grow her money but is also income tax friendly.
Which of the following would provide the most favourable tax treatment?

A. Dividends received from a large foreign corporation.

B. Capital gains from stock investments.

C. Dividends from a large public Canadian corporation.

D. Coupon payments from Government of Canada bonds.

正確答案: C

說明：（僅 VCESoft 成員可見）

問題11

Which statement about a net capital loss incurred by a mutual fund trust is CORRECT?

A. A net capital loss is permitted to be carried back indefinitely by the mutual fund.

B. A net capital loss is permitted to be carried forward by the mutual fund for up to 3 years.

C. A net capital loss is passed on to the unit holders by the mutual fund in the year it occurs.

D. A net capital loss is permitted to be carried forward indefinitely by the mutual fund.

正確答案: D

說明：（僅 VCESoft 成員可見）

問題12

Which statement is most accurate about fund wraps?

A. The investor pays fees to both the wrap manager and the manager of the underlying funds

B. There is essentially no regulatory difference between a fund wrap and a standard mutual fund

C. The fund wrap sponsor is responsible for asset allocation decisions

D. Each model is designed to meet the needs of the individual

正確答案: C

說明：（僅 VCESoft 成員可見）

問題13

Nelson is a Dealing Representative with True Wealth Advisors Inc., a mutual fund dealer. Nelson follows proper procedures related to his firm's Relationship Disclosure Information (RDI). Which of the following CORRECTLY describes how Nelson is permitted to evidence that he satisfied his RDI obligation?

A. Nelson can formalize his relationship under the RDI using a Letter of Engagement that specifies duties, responsibilities, and level of service.

B. Nelson may deliver the RDI to clients who request it and keep detailed notes of the clients who were provided with the RDI.

C. Nelson may retain a copy of the RDI in the client file with detailed notes to confirm that he provided and explained the RDI to the client.

D. Nelson can record detailed notes which confirm that he provided and explained the Fund Facts to the client within 2 days of the RDI.

正確答案: C

說明：（僅 VCESoft 成員可見）

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