Download CSC2 Exam Dumps Questions to get 100% Success in CSI [Q47-Q71]

QUESTION 47
Which regulatory body is responsible for the surveillance of trading and market-related activities of participants on Canadian equity marketplaces?

OBSI

OSFI

CIRO

CSA

QUESTION 48
The following financial information is available for fund SKE:

What is SKE fund’s net asset value per share?

$9,90

$11, 90

$12,00

$10, 00

QUESTION 49
What types of product would be immune to the effects to tracking error?

Exchange-traded notes

Mutual funds.

Exchanged-traded funds.

Segregated funds

QUESTION 50
What responsibility falls on the buy-side portfolio manager?

To busy securities in the market on demand to maintain liquidity in a security.

To maintain constant contact with the investment dealer counterparties.

To inform the trade about the market conditions and risks.

To provide pertinent market information to the departmentheads of various asset classes.

QUESTION 51
Tom sold some bonds in his RRSP and used the total $100,000 in proceeds to buy a 75% guaranteed segregated fund. Three years later, Tom died. At the time of his death, the market value of the segregated fund was $700,000. Assuming no interim withdrawal on market value reset, what is the death benefit payable from this investment?

$0,

$70,000

$30,000

$5, 000

QUESTION 52
A bond with a duration of five is currently priced at $103. If Interest rates rise by 2%. approximately what win be me bond’s price?

$108.15

$113.30

$97.85

$92.70

QUESTION 53
Which statutory right allows a purchaser to caned their order if a prospectus has a misrepresentation?

Right of rescission.

Right of action for damages

Right of amended prospectus delivery

Right of withdrawal.

QUESTION 54
What is a key feature if index-linked GICs?

They are currently regulated by National instrument 81-102.

Redemptions can occur annually on the annual anniversary date.

The guarantee a positive return regardless of market direction.

They are insured by the CDIC

QUESTION 55
What is margin in an equity transaction?

Loan that a dealer extends to a client to buy securities.

Amount paid by a client when he uses credit to buy securities

Good-faith deposit to ensure the client will make future financial obligations

interest paid by the client to borrows securities.

QUESTION 56
What do technical analysis and fundamental analysis have in common?

They compare the intrinsic value against a security’s current price.

They are nullifiedaaccording to the random walk theory.

They are used to predict changes in security prices.

They study the causes of security’ s price movements.

QUESTION 57
A fixed-rate bond was originally priced at $100 and paid $5 per year in interest. Currently, the bond is trading at $102.75. What is the impact on the current yield of coupon of the bond as a result of the change in price?

The coupon is higher than 5%.

The current yield is higher man 5%.

The current yield is lower than 5%

The coupon is lower than 5%.

QUESTION 58
Which type of commodity ETF is most suitable for an investor seeking to gain exposure to the spot price of a commodity?

Physical-based

Swap-based

Futures-based.

Equity-based

QUESTION 59
What is the difference between sinking funds and purchase funds concerning the redemption of bonds poor to maturity?

Sinking funds have mandated redemptions while purchase funds can redeem only upon certain market conditions.

Sinking funds can redeem bonds only if they trade below a stipulated price while purchase runes do not have such a requirement.

Sinking funds involve the issuer determining when bonds are redeemed while purchase funds Involve the investor determining when the bonds are redeemed.

Sinking funds can redeem fie bones any time while purchase funds follow a prearranged schedule.

QUESTION 60
What must happen for a redemption to be processed from a mutual fund?

Payment for redeemed securities must be within two business days after the NAVPS is determined.

Mutual funds representatives must submit the order within two business days of when the order is received from the client.

The offering price of the mutual fund must be calculated.

The client redeeming the mutual fund must receive a Fund facts document.

QUESTION 61
What legal authority does the done receive under the protection mandate in Quebec?

The authority to get the will probated and take all the necessary steps for its execution.

The authority to make decisions and to perform certain actions on behalf of the donor if they become incapacitated.

The authority to make decisions and to perform certain action on behalf of the donor while they are capable.

The authority to administrator and distribute the assets in the estate of a deceased after death.

In Quebec, the concept of a protection mandate (also known as a “mandate in case of incapacity”) allows a person (the donor) to appoint someone (the mandatary or donee) to act on their behalf if they become unable to do so. The legal authority granted under this mandate encompasses decision-making and taking actions on behalf of the donor when they are incapacitated, ensuring their personal, medical, and financial interests are protected.
* Purpose: The primary purpose of the protection mandate is to prepare for a scenario where the donor loses their mental or physical capacity to manage their own affairs. It is a proactive measure for managing one’s personal care and assets.
* Scope of Authority:
* The mandatary gains authority to make personal and financial decisions once the incapacity of the donor is confirmed, usually by a medical and legal process.
* The decisions may include managing bank accounts, paying bills, handling investments, and making healthcare decisions on behalf of the donor.
* Validation Requirement: The mandate only comes into effect after a formal validation process involving legal authorities to confirm the donor’s incapacity.
* Legal Framework: The Quebec Civil Code governs the creation and execution of a protection mandate, ensuring the mandatary acts in the best interest of the incapacitated individual.
* The protection mandate specifically applies in cases where the donor is incapacitated. It grants the donee authority to manage aspects of the donor’s life that they can no longer handle themselves.
* Options A, C, and D refer to different legal instruments or scenarios, such as probating a will (A), acting while the donor is capable (C), or estate administration after death (D), none of which are relevant under a protection mandate in Quebec.
Key Aspects of the Protection Mandate:Why Option B Is Correct:References from CSC Study Materials:
* Volume 2, Chapter 26: “Working with the Retail Client,” Section on Estate Planning, Powers of Attorney, and Living Wills.

QUESTION 62
Which type of sell side equity revenue is earned when a dealer acts in thecapacity of an agent in clients trade?

Fees

Spreads

Interest

Commission

QUESTION 63
An emerging Canadian company is exploring the possibility of using hot water springs to produce clear energy for remote rural communities. The company has strong human resource capital and few assets, and raised SI 20,000 through the Capital Pool Company program. Which option is best for this company to continue maximizing public exposure and raising capital?

Crowfunding

Escrowing shares

offering a greenshee option

Filling disclosure documents with SEDAR+.

QUESTION 64
Anwar is placing a market order to purchase 100 shares of AJL when the bid/ask is $10.25.”$ 10.75. Before the trade is complete, the bid/ask moves to $10.207S1Q70. What is the share price that Anwar will pay on the purchase transaction?

$10.70

$10.75

$10.29

$10.20

QUESTION 65
The consumer price index was 125.9 in December of last year and 123.0 in December of the year before What was the inflation rate last year?

2.36%

2.30%

0.98%

1.02%

QUESTION 66
What is a disadvantage of fee-based accounts when compared to commission-based accounts?

There may be a limit to the number of trades permitted.

The advisor may be more inclined to do more frequent trading.

The advisor may be unable to provide a broad range of services to clients.

There is a more restricted selection of investment opportunities.

QUESTION 67
In March of this year, a client buys 1,000 PIL inc, common shares at $16 per share and pays a commission of
$25 on the purchase. Several months later in the same year, the client sell the shares at $12 per share and pays commission of $50 on the sale. What is the client’s allowable capital loss on the transaction?

$2,038

$2,025

$1,925

$2,013