IFIC EXAM UPDATED ACTUAL EXAM
QUESTIONS AND ANSWERS PASS
GUARANTEED 100%
what term describes the range of possible future outcomes on the price of a security? - Answer
✅Risk
which newspaper article would be likely to result in foreign capital moving out of a country? -
Answer ✅New taxes on Foreign Direct Investment
Which of the following takes place in the secondary market? - Answer ✅Resale of previously
issued securities
Which exchange in Canada deals exclusively with financial and equity futures and options? -
Answer ✅The Montreal Exchange.
What term applies to unemployment created by a new technology that eliminates the need for
subway train drivers? - Answer ✅Structural
The demand for blue widgets increases sharply due to a newspaper report that using blue
widgets improves recovery from influenza. What can be said about the law of supply? - Answer
✅Price and production both increase
If the CPI was 140.6 last year and 146.9 this year, what was the inflation rate over the year? -
Answer ✅4.48%
@2025 Exam Material 1
, Which organization regulates mutual and investment funds? - Answer ✅Securities commissions
What stage in the business cycle typically has increasing wages, rising inflation, rising interest
rates, with slowing sales and decreasing business investments? - Answer ✅Peak.
Based on financial planning pyramid, what security would be appropriate for a very aggressive
investor? - Answer ✅Over the counter (OTC) securities
What bias results in investors valuing an asset that they own over an asset that another
individual owns? - Answer ✅Endowment.
What response would a loss-averse investor be most likely to choose in selecting a preferred
investment return scenario? - Answer ✅a 25% chance of gaining $2,000, and a 75% chance of
losing nothing.
What bias would influence an investors decision to continue to hold unprofitable investment
despite little likelihood of an improvement in the investments value? - Answer ✅loss aversion
Joanne's earned income last year was $45,000 and her pension adjustment was $2,500, She has
$2,000 in carry forwards registered retirement savings plan room for the current taxation year.
What is Joanne's maximum tax-deductible RRSP contribution amount for the current year? -
Answer ✅$7,600
Which form of investment income is taxed at an investor's marginal tax rate? - Answer
✅Forgein dividend income
What type of benefit plan has a final benefit that is dependent on the investment returns within
the plan? - Answer ✅Defined contribution plan
@2025 Exam Material 2
QUESTIONS AND ANSWERS PASS
GUARANTEED 100%
what term describes the range of possible future outcomes on the price of a security? - Answer
✅Risk
which newspaper article would be likely to result in foreign capital moving out of a country? -
Answer ✅New taxes on Foreign Direct Investment
Which of the following takes place in the secondary market? - Answer ✅Resale of previously
issued securities
Which exchange in Canada deals exclusively with financial and equity futures and options? -
Answer ✅The Montreal Exchange.
What term applies to unemployment created by a new technology that eliminates the need for
subway train drivers? - Answer ✅Structural
The demand for blue widgets increases sharply due to a newspaper report that using blue
widgets improves recovery from influenza. What can be said about the law of supply? - Answer
✅Price and production both increase
If the CPI was 140.6 last year and 146.9 this year, what was the inflation rate over the year? -
Answer ✅4.48%
@2025 Exam Material 1
, Which organization regulates mutual and investment funds? - Answer ✅Securities commissions
What stage in the business cycle typically has increasing wages, rising inflation, rising interest
rates, with slowing sales and decreasing business investments? - Answer ✅Peak.
Based on financial planning pyramid, what security would be appropriate for a very aggressive
investor? - Answer ✅Over the counter (OTC) securities
What bias results in investors valuing an asset that they own over an asset that another
individual owns? - Answer ✅Endowment.
What response would a loss-averse investor be most likely to choose in selecting a preferred
investment return scenario? - Answer ✅a 25% chance of gaining $2,000, and a 75% chance of
losing nothing.
What bias would influence an investors decision to continue to hold unprofitable investment
despite little likelihood of an improvement in the investments value? - Answer ✅loss aversion
Joanne's earned income last year was $45,000 and her pension adjustment was $2,500, She has
$2,000 in carry forwards registered retirement savings plan room for the current taxation year.
What is Joanne's maximum tax-deductible RRSP contribution amount for the current year? -
Answer ✅$7,600
Which form of investment income is taxed at an investor's marginal tax rate? - Answer
✅Forgein dividend income
What type of benefit plan has a final benefit that is dependent on the investment returns within
the plan? - Answer ✅Defined contribution plan
@2025 Exam Material 2
