Free CSI IFC Exam Questions

What type of unemployment is caused by a lack of skilled workers? 

Your client, Kimberly has investments in both registered and non-registered plans. Which of the followinginvestment strategies is best suited for Kimberly from a tax perspective?

Manuel is a Dealing Representative for Commonwealth Financial Inc., a mutual fund dealer. His dealerrepresents many different mutual fund families available, including their own: CF Group of Funds. He isconsidering recommending a CF equity fund to one of his clients, Stefania. While describing details about thefund, he informs her that accounts are set-up in nominee name, and that their mutual funds are nottransferable. In addition, the fund does pay trailer fees.What type of information has Manuel described about his potential investment recommendation?

Jehona is a Dealing Representative with Vista Wealth Investments Inc., a mutual fund dealer in Ontario andNova Scotia. Jehona has reviewed her client Sokol’s account and wants to adjust the holdings and re-balancethe portfolio. Which of the following statements about Jehona’s permitted activities is CORRECT?

10 years ago, Felipe opened a registered retirement savings plan (RRSP) account and purchased a mutualfund. The mutual fund purchased included a 7-year deferred sales charge (DSC). At the time of making hisinvestment, him and his Dealing Representative agreed that he had a 25-year growth objective. Since Felipeknew that he was not planning to use his investment until he retired, he was notconcerned about the DSC. Although the rate of return did vary from year-to-year, he never noticed his mutualfund having a drop in value. This gave Felipe more confidence in the investment. As a result, he has nevermade any changes to his investment.What category of Know Your Client (KYC) information has been given?