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Advanced Wealth Management Course (IIBF) - Paper 1

Part II: Ch 1: Introduction to Financial Planning

Q1.

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

Q2.

A popular measure of inflation is the____________.

a. WPI

b. CPI

c. GDP

d. PDS

Q3.

Regulation happens when governments feel that free money forces do not protect investors sufficiently.

True

False

Q4.

(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

Q5.

‘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

Q6.

Which section prohibits a principal from contracting out of liability for a representative’s conduct?

Section 850

Section 851

Section 821

Section 849

Q7.

Explanatory statements issued by _____________, called policy statements.

SIA

ASIC

ASFA

ASX

Q8.

The Investment and Financial Services Association (IFSA) became operational in

Jan 1998

Jan 1997

Jan 1996

Jan 1995

Q9.

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

Q10.

Which is wrong factor/s in Lifestyle and emotional factors?

Marriage and divorce

Birth of children

Demographic shifts

Loss of job

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