Updated CISI IFC Dumps – Check Free IFC Exam Dumps (2026) [Q235-Q256]

QUESTION 235
Megan purchases a treasury bill for $98,200. When it matures for $100,000, how does Megan treat the $1,800 difference?

QUESTION 236
Martine is working with Ishmail, her financial advisor, to develop her client investor profile. In her overall risk profiling, it was determined that Martine could tolerate an asset allocation of up to 70% of her portfolio.
She currently has a goal of saving for a down payment for her first home, saving for her young children’s education and retirement. Ishmail uses a one-fund strategy for all his client accounts – Martine would be allocated the “growth” fund to all her investments and savings under his management. What should be Martine’s most significant risk in using this strategy at this stage?

QUESTION 237
After completing the proficiency examinations, how long can an individual remain unregistered without having to rewrite these examinations?

QUESTION 238
Which of the following is a rationale for a portfolio manager to use a passive portfolio management strategy?

QUESTION 239
Sarah and Kyle are a married couple. They are both 34 years of age and work as teachers. Their combined annual income is $130,000. They are able to save $800 each month. They own a home worth
$340,000 with a $120,000 mortgage. Since they work for the same employer, they have the same defined benefit pension plan. Other than a tax-free savings account (TFSA) in Kyle’s name with $5,000, they do not have any other assets.
They are avid sailors and want to save towards a purchase of a sailboat. For the type of sailboat they want, they estimate it should cost around $65,000. They want you to recommend an investment for their monthly savings to help them achieve their goal faster.
What question should you ask them next?

QUESTION 240
Karen works Monday to Wednesday for a member of the MFDA as a dealing representative and Thursday and Friday as a language instructor at a local college. Client orders received on Thursdays and Fridays are held until Karen returns to work the following week. What condition of dual employment is violated under these circumstances?

QUESTION 241
At 4:00 p.m. Eastern Time on July 6, the following information is collected for the Marigold Canadian Dividend Fund:
What is the net asset value per unit NAVPU for the Marigold Canadian Dividend Fund for July 6?

QUESTION 242
What value are withdrawals under a ratio withdrawal plan based upon?

QUESTION 243
Ian is 25, employed, and has no dependents. He has no current financial or family obligations. He has asked for your recommendation for investing a $50,000 inheritance. What asset allocation would typically suit an investor with Ian’s characteristics?

QUESTION 244
Greg is a Dealing Representative. As a part of his business building activity, Greg prepares several messages to post on his website and Facebook page. Which statement CORRECTLY describes this situation?

QUESTION 245
Axis Wealth Management Inc. is a mutual fund dealer and member of the Mutual Fund Dealers Association of Canada (MFDA).
Indrek is a Branch Manager for the Guelph Branch and he is responsible for conducting suitability reviews in order to identify any unsuitable transactions or accounts. Which of the following accounts/transactions would be unsuitable?

QUESTION 246
The following chart outlines data for various fund managers:

Which manager likely has the highest return for a given level of risk?

QUESTION 247
Karen works Monday to Wednesday for a member of the MFDA as a dealing representative and Thursday and Friday as a language instructor at a local college. Client orders received on Thursdays and Fridays are held until Karen returns to work the following week. What condition of dual employment is violated under these circumstances?

QUESTION 248
What is the securities administrator’s power that is intended to ensure investors can make fully informed investment decisions?

QUESTION 249
Which of the following CORRECTLY describes a material conflict of interest that has been properly addressed by the Dealing Representative?

QUESTION 250
Which option is most appropriate for investors who prefer growth-oriented mutual fund trusts?

QUESTION 251
What variable needs to decrease on a company’s statement of changes in equity for its retained earnings to increase?

QUESTION 252
The following data is available for an investment:
Purchase value
$125
End of the year value
$133
Quarterly dividend amount
$1
What is the annual return for this investment if held for one year?

QUESTION 253
The following table shows Sabrina’s earned income for the past few years:

Sabrina has always maximized her RRSP contributions, so she has no carry-forward room available. If the maximum contribution limit for Year 3 is $24,270, what is her RRSP contribution room for Year 3?

QUESTION 254
You are the portfolio manager for the ABC asset allocation fund. Interest rates are going up; the stock market has been very volatile recently and is forecast to continue that way for the next two quarters. What changes, if any, will you make to your current asset allocation of 50% bonds and 50% equities?

QUESTION 255
A portfolio manager first analyzes a variety of asset mixes to determine an optimal portfolio and then adjusts the mix by monitoring and rebalancing. What is the name for the process the portfolio manager is following?

QUESTION 256
Which of the following statements about total return for money market funds is TRUE?