CSC Chapter 1-3 Practice Test #1 with All Correct &
100% Verified Answers |Already Graded A+
Trades and other transactions are cleared and settled through which of the following organizations?
✔Correct Answer-CDS Clearing and Depository Services
Another term for self-directed broker is... ✔Correct Answer-discount broker.
Front office performs all staff functions pertaining directly to portfolio management activities and
includes all of the following except... ✔Correct Answer-Trade settlement.
Voting shares of large Schedule 1 banks must be widely held, with the control of any single
shareholder or group restricted to no more than ___________. ✔Correct Answer-twenty percent.
Which of the following is not true about Schedule II Banks? ✔Correct Answer-They may not
engage in all the types of businesses permitted a Schedule I Bank.
What is the most important aspect of the insurance business in Canada? ✔Correct Answer-
Underwriting.
All of the following is true of the robo-advisor service except... ✔Correct Answer-portfolios are
built primarily with mutual funds.
Which of the following best describes the relationship between direct and indirect investment?
✔Correct Answer-Indirect investment occurs when the saver buys the securities issued by
government and corporations, which in turn use the funds for direct investment in plant, equipment,
etc.
Which of the following are not structured products? ✔Correct Answer-Exchanged-traded funds
10. Which of the following is not true with respect to Canadian Exchanges and the products that
trade on them? ✔Correct Answer-The TSX Venture Exchange trades junior securities, income trusts
and ETFs.
In Ontario, trades in unlisted securities and unquoted securities are reported through the web-based
system of the... ✔Correct Answer-Canada Unlisted Board.
CanDeal was established to facilitate trading in... ✔Correct Answer-bonds.
Which group's mission is it to develop a national regulatory system that fosters fair, efficient, and
vibrant capital markets? ✔Correct Answer-Canadian Securities Administrators
In its role of regulator, IIROC is least likely to perform which of the following functions? ✔Correct
Answer-IIROC performs all of the above.
Ms. Xu had $1,250,000 in an Investment Account and $700,000 in her RRSP account. According to
CIPF guidelines, she would be covered for... ✔Correct Answer-$1,000,000 in her Investment
Account and $700,000 in her RRSP account.
100% Verified Answers |Already Graded A+
Trades and other transactions are cleared and settled through which of the following organizations?
✔Correct Answer-CDS Clearing and Depository Services
Another term for self-directed broker is... ✔Correct Answer-discount broker.
Front office performs all staff functions pertaining directly to portfolio management activities and
includes all of the following except... ✔Correct Answer-Trade settlement.
Voting shares of large Schedule 1 banks must be widely held, with the control of any single
shareholder or group restricted to no more than ___________. ✔Correct Answer-twenty percent.
Which of the following is not true about Schedule II Banks? ✔Correct Answer-They may not
engage in all the types of businesses permitted a Schedule I Bank.
What is the most important aspect of the insurance business in Canada? ✔Correct Answer-
Underwriting.
All of the following is true of the robo-advisor service except... ✔Correct Answer-portfolios are
built primarily with mutual funds.
Which of the following best describes the relationship between direct and indirect investment?
✔Correct Answer-Indirect investment occurs when the saver buys the securities issued by
government and corporations, which in turn use the funds for direct investment in plant, equipment,
etc.
Which of the following are not structured products? ✔Correct Answer-Exchanged-traded funds
10. Which of the following is not true with respect to Canadian Exchanges and the products that
trade on them? ✔Correct Answer-The TSX Venture Exchange trades junior securities, income trusts
and ETFs.
In Ontario, trades in unlisted securities and unquoted securities are reported through the web-based
system of the... ✔Correct Answer-Canada Unlisted Board.
CanDeal was established to facilitate trading in... ✔Correct Answer-bonds.
Which group's mission is it to develop a national regulatory system that fosters fair, efficient, and
vibrant capital markets? ✔Correct Answer-Canadian Securities Administrators
In its role of regulator, IIROC is least likely to perform which of the following functions? ✔Correct
Answer-IIROC performs all of the above.
Ms. Xu had $1,250,000 in an Investment Account and $700,000 in her RRSP account. According to
CIPF guidelines, she would be covered for... ✔Correct Answer-$1,000,000 in her Investment
Account and $700,000 in her RRSP account.
