CFP Certified Financial Planner Test Prep

Reviewed by Editorial Team
The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.
Learn about Our Editorial Process
| By Gregorynaomi
G
Gregorynaomi
Community Contributor
Quizzes Created: 1462 | Total Attempts: 876,966
| Attempts: 196
SettingsSettings
Please wait...
  • 1/10 Questions

    What type of question is the CFP Certification exam?

    • Multichioce
    • Essay
    • Fill in the blank
    • Checkbox
Please wait...
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

Quiz Preview

  • 2. 
    What is the full meaning of CIMA?  - ProProfs

    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.

    Rate this question:

  • 3. 
    How many years of full-time experience in financial planning is required for the certification? - ProProfs

    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.

    Rate this question:

  • 4. 
    How many hours of education is required for the renewal of CFP certificate? - ProProfs

    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.

    Rate this question:

  • 5. 
    How many sessions is the exam broken into?  - ProProfs

    How many sessions is the exam broken into? 

    • 2

    • 4

    • 6

    • 8

    Correct Answer
    A. 2
    Explanation
    The exam is broken into two sessions.

    Rate this question:

  • 6. 
    What time is required for the completion of a session? - ProProfs

    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.

    Rate this question:

  • 7. 
    How many questions is present in the exam? - ProProfs

    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? - ProProfs

    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.

    Rate this question:

  • 9. 
    What is the total number of elements of financial planning? - ProProfs

    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.

    Rate this question:

  • 10. 
    What type of break is in between the sessions of the exam? - ProProfs

    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.

    Rate this question:

Quiz Review Timeline (Updated): Mar 22, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 22, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Oct 19, 2018
    Quiz Created by
    Gregorynaomi
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.