CSC Vol 1 Practice Exam
Comprehensive Questions
(Frequently Tested) and Complete
Solutions Graded A+
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What type of broker executes trades for clients at reduced
commission rates but does not provide advice? - Answer: Self-
directed brokers
,The compliance and auditing functions are associated with -
Answer: middle office.
The practice of exchanging risk between insurance companies to
facilitate better risk management is known as - Answer:
reinsurance
The Bank Act - Answer: allows Schedule I Banks to sell insurance
related to loans such as mortgage insurance and loan insurance
through their branch network.
The robo-advisory service is least likely to include which of the
following: - Answer: Portfolios built primarily with mutual funds
In which market does the issuing company receive the proceeds
from the transactions? - Answer: Primary market
Liquid markets are characterized by all of the following except... -
Answer: infrequent sales
The Ontario Securities Act requires that trades of unlisted
securities be reported through the - Answer: Canadian Unlisted
Board (CUB)
, Gurjinder has $1.5 million invested in securities and cash with XYZ
Investment Inc., when XYZ declares bankruptcy. At the time, the
market value of accounts was $500 million, but the amount
available for distribution was only $450 million. How much would
Gurjinder receive from CIPF? - Answer: $ 150,000 (1.5m - 135k)
note. 1.5x0.9=135k
An investor has $75,000 in cash on deposit and in the same
institution has $140,000 in a registered retirement savings plan. If
the institution were to fail, CDIC would insure deposits up to -
Answer: $175,000
Which of the following is most accurate with respect to the
requirements of telemarketers and the National Do Not Call List
(DNCL)? - Answer: Telemarketers must subscribe to the DNCL
In the base year, Real GDP is $100 billion. The next year, Real GDP
has grown to $102 billion and Nominal GDP is $101 billion. An
analyst would conclude that - Answer: there are deflationary
forces in the economy
In which phase of the business cycle is it most likely that there will
be rallies in both the bond and stock markets? - Answer: Trough
Comprehensive Questions
(Frequently Tested) and Complete
Solutions Graded A+
Professional Academic Assistance Services
Services Offered
• Proctored Exam Assistance
• Online Class Management (Full Course Support)
• Exam Preparation & Study Materials
• Assignments and Coursework Support
• Essay and Research Paper Writing
• Discussion Posts & Responses
• Editing and Proofreading
• Confidential Academic Consultation
Contact Information
Email:
WhatsApp link: https://wa.me/254704846336
Fast Response | Confidential | Reliable Academic Support
Helping Students Achieve Academic Excellence
What type of broker executes trades for clients at reduced
commission rates but does not provide advice? - Answer: Self-
directed brokers
,The compliance and auditing functions are associated with -
Answer: middle office.
The practice of exchanging risk between insurance companies to
facilitate better risk management is known as - Answer:
reinsurance
The Bank Act - Answer: allows Schedule I Banks to sell insurance
related to loans such as mortgage insurance and loan insurance
through their branch network.
The robo-advisory service is least likely to include which of the
following: - Answer: Portfolios built primarily with mutual funds
In which market does the issuing company receive the proceeds
from the transactions? - Answer: Primary market
Liquid markets are characterized by all of the following except... -
Answer: infrequent sales
The Ontario Securities Act requires that trades of unlisted
securities be reported through the - Answer: Canadian Unlisted
Board (CUB)
, Gurjinder has $1.5 million invested in securities and cash with XYZ
Investment Inc., when XYZ declares bankruptcy. At the time, the
market value of accounts was $500 million, but the amount
available for distribution was only $450 million. How much would
Gurjinder receive from CIPF? - Answer: $ 150,000 (1.5m - 135k)
note. 1.5x0.9=135k
An investor has $75,000 in cash on deposit and in the same
institution has $140,000 in a registered retirement savings plan. If
the institution were to fail, CDIC would insure deposits up to -
Answer: $175,000
Which of the following is most accurate with respect to the
requirements of telemarketers and the National Do Not Call List
(DNCL)? - Answer: Telemarketers must subscribe to the DNCL
In the base year, Real GDP is $100 billion. The next year, Real GDP
has grown to $102 billion and Nominal GDP is $101 billion. An
analyst would conclude that - Answer: there are deflationary
forces in the economy
In which phase of the business cycle is it most likely that there will
be rallies in both the bond and stock markets? - Answer: Trough
