CFP Certified Financial Planner Test Prep

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| By Gregorynaomi

Gregorynaomi

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| Attempts: 194

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1/10 Questions

What type of question is the CFP Certification exam?
- Multichioce
- Essay
- Fill in the blank
- Checkbox

About This Quiz

The Certified Financial Planner (CPF) is a certification endorsed by CFP Board in which examination, training, ethic requirements and a fee is required for the approval. The certification entertains the renewal of certification after a specific period of usage and excellent exams are taken for the acquisition of CFP license. Have this quiz!

CFP Certified Financial Planner Test Prep - Quiz

2.

What is the full meaning of CIMA?
- Certified Investment Management Analysis
- Certified Investment Management Analyst
- Certified Investment Management Analytics
- Certified Investment Management Analyses
Correct Answer

A. Certified Investment Management Analyst

Explanation

CIMA stands for Certified Investment Management Analyst. This certification is awarded to individuals who have demonstrated their expertise in investment management analysis.

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3.

How many years of full-time experience in financial planning is required for the certification?
- 1
- 2
- 3
- 4
Correct Answer

A. 3

Explanation

The certification requires a minimum of 3 years of full-time experience in financial planning. This indicates that the individual must have worked in the field of financial planning for at least 3 years on a full-time basis in order to be eligible for the certification.

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4.

How many hours of education is required for the renewal of CFP certificate?
- 25 hours
- 30 hours
- 35 hours
- 40 hours
Correct Answer

A. 30 hours

Explanation

The correct answer is 30 hours. This is the amount of education required for the renewal of a CFP certificate.

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5.

How many sessions is the exam broken into?
- 2
- 4
- 6
- 8
Correct Answer

A. 2

Explanation

The exam is broken into two sessions.

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6.

What time is required for the completion of a session?
- 1 hour
- 2 hours
- 3 hours
- 4 hours
Correct Answer

A. 3 hours

Explanation

The completion of a session requires 3 hours.

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7.

How many questions is present in the exam?
- 140
- 150
- 160
- 170
Correct Answer

A. 170
8.

What year was the "Apprenticeship Experience" option included in the certification qualifications?
- 2009
- 2010
- 2011
- 2012
Correct Answer

A. 2012

Explanation

The "Apprenticeship Experience" option was included in the certification qualifications in 2012.

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9.

What is the total number of elements of financial planning?
- 4
- 6
- 8
- 10
Correct Answer

A. 8

Explanation

The total number of elements of financial planning is 8. This means that there are 8 different components or factors that need to be considered and included in the process of financial planning. These elements may include setting financial goals, creating a budget, managing debt, saving and investing, insurance planning, tax planning, retirement planning, and estate planning. Each of these elements plays a crucial role in creating a comprehensive and effective financial plan.

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10.

What type of break is in between the sessions of the exam?
- 30-minute
- 35-minute
- 40-minute
- 45-minute
Correct Answer

A. 40-minute

Explanation

The type of break that is in between the sessions of the exam is a 40-minute break.

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