Free CSI IFC Exam Questions

One of your clients, Rakesh, had a portfolio composed of 60% ABC Equity Fund and 40% ABC Bond Fund.Since equities were performing much better than fixed income, he had increased his holdings in ABC EquityFund to 70% and had reduced his holding in ABC Bond Fund to 30% of his portfolio.After benefitting the growth in his ABC Equity Fund for over 2 years, Rakesh is uncomfortable with thisheavy exposure to equity funds and decides to rebalance his portfolio back to 60% of ABC Equity Fund and40% of ABC Bond Fund.He instructs you to switch 10% of the portfolio from the ABC Equity Fund to the ABC Bond Fund.Which of the following statements is CORRECT?

What term describes the range of possible future outcomes on the price of a security? 

When reviewing a company's balance sheets, what ratio best determines whether their borrowing is excessive? 

When purchasing a mutual fund, what is the correct way to determine the number of units purchased if theorder was entered today at 2:30 p.m. ET?

Your employer has a contributory group RRSP under which he matches employee contributions, up to amaximum of 5% of salary.Which of the following statements about a group registered retirement savings plan (RRSP) is CORRECT?