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CSI Financial Planning II (FPII) Sample Questions:

Jo and Jordan have recently married. This is their second marriage, and they are planning to buy a cottage together. Their primary concern is leaving each of their interest to their respective children from their previous marriages. Which tenancy structure is their real estate lawyer likely to recommend?

  • A. Common.
  • B. Freehold.
  • C. Fee simple.
  • D. Joint.
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Correct Answer: A  🗳️

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Peter and Anna have been feeling like their debt is out of control. They have several credit cards maxed out along with vehicle loans and are having trouble keeping up with all of the payments. The couple does not own a home, but both have stable employment. They are meeting with their financial advisor, Joy, to discuss options for their debt situation. What is the most suitable option for them?

  • A. Consolidation loan.
  • B. Automatic discharge.
  • C. Bankruptcy.
  • D. Line of credit.
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Correct Answer: A  🗳️

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Firm YHZ is looking to hire an analyst that specializes in fundamental analysis and have been presented with the following candidates:
Analyst
Specialty/Evaluation Method
Annabelle
Analyzing investor behaviours
Boris
Studying past stock prices and volumes
Charles
Estimating stock value using economic factors
Dakota
Examining stock charts and identifying patterns and trends
Who will firm YHZ likely hire for this purpose?

  • A. Boris.
  • B. Charles.
  • C. Annabelle.
  • D. Dakota.
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Correct Answer: B  🗳️

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Evelyn spends a great deal of her money on vacations. Consequently, her net cash flow is not as much as she would like. What is the best strategy to help Evelyn improve her cash flow?

  • A. Prioritize and control her spending.
  • B. Increase liquidity of her savings.
  • C. Reduce non-discretionary expenses.
  • D. Set up a separate account to save for her next vacation.
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Correct Answer: A  🗳️

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Roy gifted his nephew Charles, age 16, shares for his birthday. The managed portfolio will generate both dividends, and capital gains and losses. What will be Roy's future tax implications, with respect to this transfer, until Charles reaches the age of majority?

  • A. Dividend income is attributed to Roy.
  • B. Capital gains are attributed to Roy.
  • C. No gains, losses or income are attributed to Roy.
  • D. Capital losses are attributed to Roy.
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Correct Answer: A  🗳️

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