CSC2 OFFICIAL PRACTICE TEST | KNOWLEDGE CSC2 POINTS

CSC2 Official Practice Test | Knowledge CSC2 Points

CSC2 Official Practice Test | Knowledge CSC2 Points

Blog Article

Tags: CSC2 Official Practice Test, Knowledge CSC2 Points, Reliable CSC2 Test Practice, Reliable CSC2 Test Review, Hottest CSC2 Certification

Every question from our CSC2 study materials is carefully elaborated and the content of our CSC2 exam questions involves the professional qualification certificate examination. We believe under the assistance of our CSC2 practice quiz, passing the exam and obtain related certificate are not out of reach. As long as you study our CSC2 training engine and followe it step by step, we believe you will achieve your dream easily.

Learning and understanding CSI CSC2 Exam Questions is not enough to pass the CSC2 exam. Regular tests and self-evaluation are essential. The online CSC2 practice test engine makes it easy for candidates to self-evaluate anytime. The results will boost your confidence and highlight any areas that need more attention. Educationists and experts highly acknowledge this tool created by PassSureExam.

>> CSC2 Official Practice Test <<

Knowledge CSI CSC2 Points & Reliable CSC2 Test Practice

Our Canadian Securities Course Exam2 exam question has been widely praised by all of our customers in many countries and our company has become the leader in this field. Our product boost varied functions and they include the self-learning and the self-assessment functions, the timing function and the function to stimulate the exam to make you learn efficiently and easily. Thus you could decide whether it is worthy to buy our product or not after you understand the features of details of our product carefully on the pages of our CSC2 Study Tool on the website.

CSI Canadian Securities Course Exam2 Sample Questions (Q37-Q42):

NEW QUESTION # 37
Which type of sell side equity revenue is earned when a dealer acts in thecapacity of an agent in clients trade?

  • A. Commission
  • B. Interest
  • C. Spreads
  • D. Fees

Answer: A

Explanation:
In the context of sell-side equity revenue, when a dealer acts as anagentfor a client's trade, the revenue is typically earned as acommission. The dealer facilitates the trade between buyers and sellers without taking ownership of the securities, earning fees for providing this service.
* Commission: Earned when the dealer acts as an agent.
* Spreads: Earned when the dealer acts as a principal, buying securities at one price and selling at a higher price.
* Fees: Charged for additional services, such as research or analytics.
* Interest: Earned from financing activities or margin accounts, not directly tied to trading.
* A. Fees: Incorrect; fees are typically charged for services, not for acting as an agent.
* B. Spreads: Incorrect; spreads are earned when the dealer acts as a principal.
* C. Interest: Incorrect; interest revenue is unrelated to acting as an agent.
* D. Commission: Correct answer. Acting as an agent involves earning commissions for facilitating trades.
Types of Revenue in Sell-Side Trading:Explanation of Options:References:
* CSC Volume 2, Chapter 27: The Role of Sell-Side Dealers, which details revenue models in institutional and retail trading.


NEW QUESTION # 38
Which statutory right allows a purchaser to caned their order if a prospectus has a misrepresentation?

  • A. Right of action for damages
  • B. Right of amended prospectus delivery
  • C. Right of withdrawal.
  • D. Right of rescission.

Answer: D

Explanation:
Theright of rescissionallows a purchaser to cancel their purchase if the prospectus contains a misrepresentation. This statutory right protects investors by ensuring that they are not bound by transactions based on incorrect or misleading information. Under Canadian securities law, the right of rescission is an important safeguard to maintain market integrity and investor confidence.
This right is distinct from theright of action for damages, which allows investors to sue for compensation, and theright of withdrawal, which permits cancellation within a limited time after agreeing to the purchase, typically two business days.
References:
* Volume 1, Chapter 3:The Canadian Regulatory Environment, section on "Rights of Purchasers" describes the statutory rights related to prospectuses and their misrepresentations.


NEW QUESTION # 39
Which regulatory body is responsible for the surveillance of trading and market-related activities of participants on Canadian equity marketplaces?

  • A. OBSI
  • B. CSA
  • C. OSFI
  • D. CIRO

Answer: D

Explanation:
TheCanadian Investment Regulatory Organization (CIRO)is responsible for overseeing trading and market-related activities of participants on Canadian equity marketplaces. CIRO conducts surveillance to ensure compliance with rules, regulations, and fair market practices.
Other options:
* OBSI (Ombudsman for Banking Services and Investments): Handles disputes between financial institutions and their clients but does not conduct trading surveillance.
* OSFI (Office of the Superintendent of Financial Institutions): Regulates and supervises federally regulated financial institutions, focusing on their solvency.
* CSA (Canadian Securities Administrators): Coordinates securities regulation across copyright but does not directly monitor trading activities.
References:
* Volume 1, Chapter 3:The Canadian Regulatory Environment, section on "Market Surveillance and Trading Oversight" explains CIRO's role.


NEW QUESTION # 40
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?

  • A. 2.36%
  • B. 2.30%
  • C. 0.98%
  • D. 1.02%

Answer: A

Explanation:
The inflation rate is calculated using the formula:
Inflation Rate=CPIcurrent#CPIpreviousCPIprevious×100text{Inflation Rate} = frac{text{CPI}_{text
{current}} - text{CPI}_{text{previous}}}{text{CPI}_{text{previous}}} times
100Inflation Rate=CPIpreviousCPIcurrent#CPIprevious×100
Substitute the given values:
Inflation Rate=125.9#123.0123.0×100=2.9123.0×100#2.36%text{Inflation Rate} = frac{125.9 - 123.0}
{123.0} times 100 = frac{2.9}{123.0} times 100 approx 2.36%Inflation Rate=123.0125.9#123.
0×100=123.02.9×100#2.36%
* B. 2.30%: This is close but results from rounding errors or miscalculation.
* C. 0.98%andD. 1.02%: These values are far below the correct inflation rate calculated using the formula.


NEW QUESTION # 41
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?

  • A. $2,025
  • B. $2,038
  • C. $1,925
  • D. $2,013

Answer: B

Explanation:
To calculate theallowable capital loss, we must first determine theadjusted cost base (ACB)and the proceeds of disposition (POD), then subtract the latter from the former. Commissions on both the purchase and sale are included in the calculation.
Step-by-Step Explanation:
* Purchase Details:
* Number of shares purchased: 1,000
* Purchase price per share: $16
* Total purchase cost before commission: $16 × 1,000 =$16,000
* Add purchase commission:$25
* Adjusted cost base (ACB): $16,000 + $25 =$16,025
* Sale Details:
* Number of shares sold: 1,000
* Sale price per share: $12
* Total sale proceeds before commission: $12 × 1,000 =$12,000
* Deduct sale commission:$50
* Proceeds of Disposition (POD): $12,000 - $50 =$11,950
* Capital Loss Calculation:
* Capital loss = ACB - POD
* Capital loss = $16,025 - $11,950 =$4,075
* Allowable Capital Loss:
* In copyright,50% of the capital lossisallowablefor tax purposes.
* Allowable capital loss = 50% × $4,075 =$2,038
Final answer:
* Option A ($2,038):Correct.
* Option B ($2,025):Incorrect; likely excludes commissions or contains a minor calculation error.
* Option C ($1,925):Incorrect; this does not account for the full adjusted cost base or allowable percentage.
* Option D ($2,013):Incorrect; this likely contains a rounding error or miscalculation.
References to Canadian Securities Course Exam 2 Study Materials:
* Volume 2, Chapter 24 - Canadian Taxation
* Discusses the calculation of adjusted cost base (ACB), proceeds of disposition (POD), and allowable capital losses.
* Volume 1, Chapter 11 - Corporations and Their Financial Statements
* Details financial concepts like capital gains, losses, and the treatment of commissions in securities transactions.
* Volume 2, Chapter 26 - Working with the Retail Client
* Covers tax implications and planning for securities transactions.


NEW QUESTION # 42
......

Recently, CSC2 exam certification, attaching more attention from more and more people in IT industry, has become an important standard to balance someone's IT capability. Many IT candidates are confused and wonder how to prepare for CSC2 exam, but now you are lucky if you read this article because you have found the best method to prepare for the exam from this article. You will ensure to get CSC2 Exam Certification after using our CSC2 exam software developed by our powerful PassSureExam IT team. If you still hesitate, try to download our free demo of CSC2 exam software.

Knowledge CSC2 Points: https://www.passsureexam.com/CSC2-pass4sure-exam-dumps.html

There is a strong possibility that most of these dumps you will find in your actual CSC2 test, It is our hearty wish for you to pass the exam by the help of our Knowledge CSC2 Points - Canadian Securities Course Exam2 pdf vce, Our Knowledge CSC2 Points - Canadian Securities Course Exam2 study torrent is time-tested products with high quality and efficient contents for your using experience, CSI CSC2 Official Practice Test You trust us and pay us, our exam dumps will assist you to pass exam.

The Secret of Macintosh, At first, this really, really didn't make sense to me, There is a strong possibility that most of these dumps you will find in your Actual CSC2 Test.

It is our hearty wish for you to pass the exam by the help of our Canadian Securities Course Exam2 CSC2 pdf vce, Our Canadian Securities Course Exam2 study torrent is time-tested products with high quality and efficient contents for your using experience.

Perfect CSC2 Official Practice Test Supply you Fantastic Knowledge Points for CSC2: Canadian Securities Course Exam2 to Prepare easily

You trust us and pay us, our exam dumps will assist you to pass exam, No matter what level you are, when you prepare for CSI CSC2 exam, we're sure DumpKiller is your best choice.

Report this page