Free CSI IFC Exam Questions

Become CSI Certified with updated IFC exam questions and correct answers

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Total 490 Questions | Updated On: Aug 19, 2026

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Question 1

Who is responsible for regulating mutual fund activities?

A : Federal Government

B : Administrative body

C : Transfer agent

D : Stock exchange

Answer: B

Question 2

What is the best risk assessment of a portfolio composed only of dividend-paying Canadian charteredbank stocks?

A : There is some risk since these bank stocks would have a positive correlation.

B : There is a high risk since these banks have volatile and unstable profits.

C : There is no risk since these bank stocks are regarded as blue-chip companies.

D : There is no risk since these bank stocks are dividend-paying stocks.

Answer: A

Question 3

How can specialty mutual funds mitigate some of the risks associated with the product?

A : Reduce risk by holding securities with high market betas

B : Increase diversification by holding securities with low correlation

C : Increase returns through derivative market strategies

D : Reduce volatility by investing in fewer sectors

Answer: B

Question 4

Ken is a member of his employer’s Defined Benefit Pension Plan (DBPP). Which of the following statementsabout Ken’s plan is CORRECT?

A : Contributions to the plan do not result in a Pension Adjustment (PA) for Ken.

B : The amount Ken receives in retirement depends on the performance of the investments he has selectedwithin the plan.

C : The amount that Ken will receive at retirement is not guaranteed.

D : Income received from the plan is eligible for pension income splitting even if Ken retires before 65.

Answer: D

Question 5

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

A : The cash flow from operations / total debt ratio.

B : The debt / equity ratio.

C : The interest coverage ratio.

D : The price / earnings ratio.

Answer: B

Page: 1 / 98

Total 490 Questions | Updated On: Aug 19, 2026

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