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Advanced Wealth Management Course (IIBF) - Paper 1
Part II: Ch 1: Introduction to Financial Planning
Q
1
.
Economic factor/s that might influence the client’s decision include:
Regulation and deregulation
Inflation
Loss of job
Both (a) and (b)
All of the above
Q
2
.
A popular measure of inflation is the____________.
a. WPI
b. CPI
c. GDP
d. PDS
Q
3
.
Regulation happens when governments feel that free money forces do not protect investors sufficiently.
True
False
Q
4
.
(I) Financial planning is a static concept. (II) Deregulation is associated with competitive market forces, which are supposed to drive down prices and increase customer services and available options.
Both the statements are correct
Only statement (I) is correct
Only statement (II) is correct
Both the statements are wrong
Q
5
.
‘Paraplanner’ is
A person who researches and prepares financial plans for financial planners.
A person who researches and prepares financial plans for clients
A person who researches and prepares financial plans for financial organizations.
None of the above
Q
6
.
Which section prohibits a principal from contracting out of liability for a representative’s conduct?
Section 850
Section 851
Section 821
Section 849
Q
7
.
Explanatory statements issued by _____________, called policy statements.
SIA
ASIC
ASFA
ASX
Q
8
.
The Investment and Financial Services Association (IFSA) became operational in
Jan 1998
Jan 1997
Jan 1996
Jan 1995
Q
9
.
The providers of financial planning are:
Accountants and solicitors
Fund and asset managers
Independent financial planners and dealer groups
Both (b) and (c)
All of the above
Q
10
.
Which is wrong factor/s in Lifestyle and emotional factors?
Marriage and divorce
Birth of children
Demographic shifts
Loss of job