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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: Nov 12, 2025
  • Q & A: 451 Questions and Answers
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About CISI IFC Exam guide

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CISI Investment Funds in Canada (IFC) Sample Questions:

1. What type of risk is the fundamental risk factor for fixed-income securities?

A) Reinvestment risk
B) Liquidity risk
C) Market risk
D) Interest rate risk


2. A client wishes to deal with one registered representative for both banking services and mutual fund investments. The client would also like advice on determining where best to place their money to enhance their overall tax situation as they approach buying a home. Which individual is best suited for this service if the client's goal is to build a long-term advisor-client relationship?

A) Financial planner working at the insurance arm of a wealth management firm.
B) Dealing representative at a large financial conglomerate offering several specialized business lines.
C) Investment representative at a Robo-Advisor offering deposit products.
D) Senior account manager working at a credit union.


3. Which money market fund yield is calculated as the most recent seven-day yield?

A) Current
B) Nominal
C) Effective
D) Duration


4. Which statement about market risk is true?

A) Market risk is cancelled out by diversification
B) Market risk can result from changes in inflation and interest rates
C) Market risk is greater than the sum of the risks of all stocks
D) Market risk is measured by the standard deviation


5. Zara buys a future contract with an underlying value of $100,000 worth of stocks. She is required to deposit
$1,750 of margin. Two weeks later, the underlying value of the stocks is $101,900. What is Zara's total return?

A) $1,900 gain
B) $950 gain
C) $150 gain
D) $3,650 gain


Solutions:

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

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