Free CSC1 Practice Test Questions 2026

What is the settlement date for Government of Canada bones?

A. One business day after the transaction

B. same day me transaction takes place.

C. Two business days after the transaction

D. Three business days after the transaction.

Which regulatory body is responsible for thesurveillanceof trading and market-related activities of participants on Canadian equity marketplaces?

A. OBSI

B. OSFI

C. CIRO

D. CSA

What is a characteristicof provincial savings bonds?

A. Backed by provincial assets

B. Available only at a certain time

C. Can be issued Internationally.

D. Mature every six months

Keith has a $150,000 term deposit with ABC Trust Company and a $75.000 term depositwithXYZ Trust Company. Both term deposits nave a maturity date of four years and both trust companies are member institutions of the CDIC. How much is Keith cowered for under COIC if both trust companies become insolvent?

A. $225,000

B. $100,000.

C. $200,000

D. $175,000

Diana was appointed a senior vice president of the ABC inc. She is also a member of the board of XYZ Company where ABC inc, is a % stockholder. What best describes Diana’s insider reporting obligations to the regulator?

A. Report her trading activity involving ABC Inc. stock and Issue a press re-case reporting tne holdings in XYZ Company.

B. Report her trading activity involving XYZ Company stock only.

C. Report her trading activity Involving both ABC inc. and XYZ Company stock.

D. Report her trading activity Involving ABC Inc. stock only.

How do high interest rates affect the economy?

A. They reduce business investment.

B. They increase prices

C. They decrease the value of the Canadian dollar

D. They accelerate debt pay offs

A large number of well-trained, willing-to-work individuals have given up trying to find employment. All else being equal, how will the labor market indicators be affected by this event.

A. A decrease in the structural unemployment rate.

B. A decrease in the overall unemployment rate.

C. An increase in the participation rate.

D. An increase in the labour force.

What will happen ita country's central government is at risk of defaulting on its debt?

A. Theexchange rate relative to other currencies will remain stable.

B. The exchange rate relative to other currencies willincrease

C. Lenders will increase interest rates for everyone

D. Lenders will decrease interest rates foreveryone

An investor sold short 1,500 MNO common shares at $12.75 pershare. What is the outcome if the investorcovers the short position at $10.15 per share?

A. A loss of $3,000

B. A loss of $2,382

C. A profit of $3,900

D. A profit of $2,382

What is one feature of a generalpartnership?

A. A general partner runs the business and the limited partners do not.

B. it can raise funds by issuing equity .

C. it is a distinct legal entity separate from its owners

D. The partners ate personally liable for al debts of the business

What is the main benefit of investing in preferred shares?

A. Priority to receive fixed dividends ahead of common shareholders.

B. Priority to claim assets ahead of debt holders.

C. Higher potential for capital appreciation than common shares.

D. Guaranteed dividend payment.

Which trend affecting the financialservices industry has resulted inthe significant use ETFs?

A. The rise of financialtechnology companies

B. The shift towardsdefined contribution plans

C. The emergence of cryptocurrency

D. The popularity of robo-advisors