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CSI IFC Dumps Questions Answers

Exam Code:
IFC
Last Update: Nov 3, 2025
447 Questions Answers with Explanation Detail
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IFC Q&A's Detail

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

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All Canadian Securities Course Related Certification Exams

Total Questions: 100
Updated: 02-Nov-2025
Total Questions: 185
Updated: 02-Nov-2025

Other CSI Certification Exams

Investment Funds in Canada (IFC) Exam Questions and Answers

Questions 1

Quinton, a Dealing Representative, meets with his client Banji. Banji’s Know Your Client (KYC) indicates that her risk profile is “medium’’. Banji currently has $35,000 in her account which is invested 50% in the Middleton Balanced Fund and 50% in the Hector Growth Fund. She tells Quinton that she would like to contribute an additional $10,000 to purchase the Prospect Labour-Sponsored Fund. Which of the following statements about Banji’s proposed transaction is CORRECT?

Options:

A.

Quinton can proceed with the purchase of the Prospect Labour-Sponsored Fund because it is suitable for Banji based on her current KYC.

B.

Quinton should update Banji's risk profile to "high" so that he can proceed with the purchase of the Prospect Labour-Sponsored Fund.

C.

Quinton should not proceed with the purchase of the Prospect Labour-Sponsored Fund because it is not suitable for Banji based on her current KYC.

D.

Quinton must provide Banji with full disclosure about the risks so that he can proceed with the purchase of the Prospect Labour-Sponsored Fund.

Questions 2

Pierre wants to discuss the merits of a specific mutual fund with his Dealing Representative, Simone. There are no trailer fees associated with this fund. Simone is familiar with the mutual fund that Pierre is referring to, which is not offered by her dealer. They schedule an appointment to further discuss his investment portfolio.

Which behaviour from Simone is ethical?

Options:

A.

Simone's ability to keep her knowledge current on competitors' investment offerings shows that she is putting her client's interest first.

B.

Knowing Pierre does not like that her dealer's funds have trailer fees, she chooses not to discuss the relationship between trailer fees and MER while making comparisons.

C.

When comparing her dealer's own mutual funds to the one Pierre discovered, Simone emphasizes the importance of similar net rates of return and minimizes the significance of management expense ratios (MERs).

D.

While comparing Fund Facts of the different mutual funds, Simone points out that not only are the fund management expenses different but so are the investor profiles for each fund.

Questions 3

What would be considered a fixed asset of a company?

Options:

A.

Marketable securities

B.

Inventories

C.

Computers

D.

Trade receivables

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