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CISI IFC real answers - Investment Funds in Canada (IFC) Exam

IFC
  • Exam Code: IFC
  • Exam Name: Investment Funds in Canada (IFC) Exam
  • Updated: Sep 13, 2025
  • Q & A: 399 Questions and Answers
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CISI Investment Funds in Canada (IFC) Sample Questions:

1. What does PIPEDA require firms in Canada to do?

A) Prohibit the disclosure of private information under any circumstance
B) Verify client identification regarding specific transactions
C) Obtain consent only when using or publicly disclosing personal information
D) Provide service even if an individual refuses the collection of their information


2. When comparing the current yield and yield-to-maturity of a bond, which statement applies?

A) Current yield includes in the calculation the time to maturity.
B) Yield-to-maturity is based on the current market value of the bond, not the price paid.
C) Capital gains or capital losses are reflected in the current yield calculation.
D) Yield-to-maturity accounts for the reinvestment of coupon payments.


3. Details of a client's investment portfolio appear in the following table:
Type of Funds
Amounts Invested ($)
Canadian equity growth fund
15,000
TSX equity index fund
25,000
Canadian resources fund
75,000
Canadian equity value fund
95,000
What is the primary risk of this investment portfolio?

A) Counterparty
B) Market
C) Foreign exchange
D) Interest rate


4. As a measurement of risk, which of the following statements about beta is TRUE?

A) It corresponds to a stock's riskiness in relation to the frequency of dividend payments over a certain period of time.
B) A larger beta for a stock means it will outperform the market at any point in the business cycle.
C) It is a ratio that compares a company's current rate of return to its average rate of return overtime.
D) It is a relative measure that compares how an investment reacts to movements in a specific index.


5. 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?

A) $7.19
B) $8.25
C) $7.65
D) $9.27


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: B

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