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CISI IFC Dumps Questions Answers

Exam Code:
IFC
Last Update: Aug 6, 2025
324 Questions Answers with Explanation Detail
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CISI IFC Last Week Results!

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86%

Average Score In Real
Exam At Testing Centre

91%

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IFC Q&A's Detail

Exam Code:
IFC
Total Questions:
324 Q&A's
Single Choice Questions:
324 Q&A's

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Investment Funds in Canada (IFC)Exam Questions and Answers

Questions 1

Reginald is a Dealing Representative, who feels pressure from management at the beginning of every calendar year, to open new registered retirement savings plans (RRSPs) and generate RRSP contributions. It is the end of February, and Reginald is close to reaching his personal sales objectives. He just finished an appointment with a prospective new client, Orel. Orel wants to open a tax-free savings account (TFSA) to build emergency savings. However, Reginald recommended to Orel that he should first contribute to an RRSP, and then use the tax savings for a TFSA contribution. With regards to account suitability, what can be said about Reginald's advice?

Options:

A.

Reginald is putting the client's interest first by informing Orel why he should change his investment strategy.

B.

Based on Orel's stated need, recommending an RRSP contribution is unsuitable.

C.

Recommending an investment solution that addresses two needs, is putting Reginald's client's interest first.

D.

By convincing Orel to contribute to an RRSP, instead of a TFSA, Reginald has put his client's interest first.

Questions 2

Kendrick is a newly registered Dealing Representative for Oak Solid Financial. He has been assigned the task of contacting existing clients where there has been no record of consultation within the last 12 months. The first person he sees on his list is a client named Chandra Ruffino. He double-checks if her phone number is on the Do Not Call List (DNCL) registry.Which of the following statements apply?

Options:

A.

If Chandra is on the DNCL registry, Kendrick is still eligible to contact the client of Oak Solid Financial.

B.

If Chandra has been on the DNCL registry for 18 months, then Kendrick is not allowed to contact her.

C.

If Chandra is on the DNCL, then Kendrick can only contact her if she is specifically his client.

D.

If Chandra had closed her account within the last 12 months and registered herself on the DNCL, then Kendrick cannot call her.

Questions 3

Which Sharpe ratio result would indicate that the fund earned a return less than the risk-free return?

Options:

A.

2.5

B.

1

C.

-0.2

D.

0.5

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