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Question 1
A mutual fund has total assets of $50 million, total liabilities of $2 million, and 4 million units outstanding. What is the net asset value per share (NAVPS)?
Correct Answer:
$$12.00
Question 2
Which type of mutual fund invests primarily in short-term debt instruments such as treasury bills and aims to preserve capital?
Correct Answer:
Money market fund
Question 3
The management expense ratio (MER) of a mutual fund represents:
Correct Answer:
Total annual fund expenses as a percentage of average net assets
Question 4
Under a front-end load (initial sales charge) option, the sales commission is:
Correct Answer:
Deducted from the amount invested at the time of purchase
Question 5
As of June 1, 2022, which sales charge option is prohibited on new sales of mutual funds in Canada?
Correct Answer:
Deferred sales charge (DSC)
Question 1
Exam overview

About this Exam

Prepare with the CIFC Practice Questions - Canadian Investment Funds Course (CIFC) Exam practice quiz. This question bank includes 100 questions covering fund, mutual, representative, client, and account. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CIFC Practice Questions - Canadian Investment Funds Course (CIFC) Exam

This practice set contains 100 questions from the matching question bank and focuses on fund, mutual, representative, client, and account. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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