- Exam Code: CSC2
- Exam Name: Canadian Securities Course Exam2
- Certification Provider: CSI
- Corresponding Certification:Canadian Securities Course
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Reference: https://www.csi.ca/en/learning/courses/csc
CSI Canadian Securities Course Exam2 Sample Questions:
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?
- A. $10.75
- B. $10.70
- C. $10.29
- D. $10.20
Correct Answer: B 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
For institutional trading, when does the investor need to provide trade-matching elements?
- A. One the custodian confirms the trade.
- B. Once the trade clears.
- C. With the initial order.
- D. After the dealer issues a trade execution notice.
Correct Answer: D 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
Which carrying charge is tax deductible?
- A. Fees paid for a safety deposit box.
- B. Trustee fees for an RRIF.
- C. Interest paid on an RRSP loan.
- D. Interest paid on funds borrowed to buy dividend-paying shares.
Correct Answer: D 🗳️
Ella has invested her RRSP in a mutual fund where the distributions are automatically reinvested in the same fund. What will be the consequences of these distributions?
- A. Ella will have more mutual fund units worth less each.
- B. Ella's income from distributions will be taxed at her personal rate in the year received.
- C. Ella will be sent a T5 form reporting the types of income distributed that year.
- D. Ella will be sent a T3 form reporting the types of income distributed that year.
Correct Answer: A 🗳️
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Maya invested $5,000 in a three-year ABC market-linked GIC for her non-registered account. Her GIC just matured and the return was based on the performance of the S & P/TSX Composite Index, with a 70% participation rate. Initial and ending reference index levels were 13,600 and 19,000, respectively. What amount of GIC return will be taxable for Maya in the year of maturity?
- A. $694.75.
- B. $992.50.
- C. $1,985.00.
- D. $1,389.71.
Correct Answer: D 🗳️
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