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Question 1
A client receives a significant year-end bonus (13th-month pay and performance bonus) and immediately spends it on a luxury vacation, despite having substantial outstanding credit card debt. Which behavioral bias is this client exhibiting?
Correct Answer:
Mental accounting
Question 2
An investor refuses to sell shares of a Philippine conglomerate that have declined by 40% from their historical peak, stating that they will wait until the stock 'breaks even' at the price they purchased it. What behavioral bias is primary here?
Correct Answer:
Loss aversion
Question 3
During a market correction in the Philippine Stock Exchange (PSE), a client insists on buying speculative mining stocks solely because many members of an online trading forum are claiming it is the next 'multi-bagger.' What bias does this represent?
Correct Answer:
Herd behavior
Question 4
A client wants to sell a blue-chip stock that has recently fallen in price. When asked why, the client states, 'The stock was worth PHP 150 last year, so it must return to PHP 150 before it is a good deal, but since it is at PHP 100 now, it is a bad stock.' What bias is this?
Correct Answer:
Anchoring bias
Question 5
A self-employed professional in Manila actively trades stocks daily. He attributes his winning trades entirely to his superior analytical skills and market timing, while blaming his losing trades on 'market manipulation' and 'bad luck.' What bias is he exhibiting?
Correct Answer:
Self-attribution bias
Question 1
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About this Exam

Prepare with the RFP Philippines Practice Questions - Registered Financial Planner (RFP) Exam - Philippines Exam practice quiz. This question bank includes 100 questions covering client, rate, annual, fund, and stock. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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RFP Philippines Practice Questions - Registered Financial Planner (RFP) Exam - Philippines Exam

This practice set contains 100 questions from the matching question bank and focuses on client, rate, annual, fund, and stock. 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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