Quiz Understanding the Financial Planning Certification Exam Part 1 Lesson 1

Quiz Understanding the Financial Planning Certification Exam Part 1 Lesson 1

  1. What does the Financial Planning Certification Exam primarily focus on?
  1. Taxation laws
  2. Financial planning principles
  3. Investment banking
  4. Real estate management
  1. How many multiple-choice questions are there in the CFP exam?
  1. 100
  2. 150
  3. 170
  4. 200
  1. What is the cost range of the CFP exam?
  1. $500 – $750
  2. $825 – $1025
  3. $1000 – $1500
  4. $2000 – $2500
  1. How many times a year is the Financial Planning Certification Exam typically offered?
  1. Once
  2. Twice
  3. Three times
  4. Four times
  1. What is one way to become eligible to take the CFP exam?
  1. Complete a board-registered program
  2. Have a high school diploma
  3. Hold any professional certification
  4. Have a bachelor’s degree in any field
  1. What accommodations are available for individuals with disabilities during the exam?
  1. Extra break time
  2. Extended exam time
  3. Personal scribe
  4. All of the above
  1. Which domain covers 18% of the CFP exam?
  1. Tax planning
  2. Retirement savings and income planning
  3. Investment planning
  4. Estate planning
  1. What is NOT permitted during the exam?
  1. Food and drinks
  2. Notes of any kind
  3. Cellphones
  4. Water only
  1. How many sections is the Financial Planning Certification Exam divided into?
  1. 1
  2. 2
  3. 3
  4. 4
  1. What does the section on “psychology of financial planning” cover?
  1. Client and planner attitudes
  2. Tax laws
  3. Investment strategies
  4. Economic concepts
  1. What is the primary purpose of the initial check-in process for the exam?
  1. To collect personal devices
  2. To verify identity
  3. To provide noise-canceling headphones
  4. To conduct a brief body scan
  1. Which organization administers the CFP exam?
  1. CFP Institute
  2. Securities and Exchange Commission
  3. CFP Board
  4. Financial Industry Regulatory Authority
  1. How long does it typically take to receive exam results?
  1. 2 weeks
  2. 4 weeks
  3. 6 weeks
  4. 8 weeks
  1. What percentage of the exam is devoted to estate planning?
  1. 5%
  2. 10%
  3. 15%
  4. 20%
  1. Which professional designations may qualify individuals to take the exam?
  1. Certified Public Accountant (CPA)
  2. Registered Nurse (RN)
  3. High School Teacher
  4. Police Officer
  1. What is the main purpose of taking a sample exam on the CFP website?
  1. To qualify for the exam
  2. To understand exam format
  3. To receive exam results
  4. To register for the exam
  1. What is NOT allowed during the exam?
  1. Non-programmable calculator
  2. Large font exam
  3. Private room
  4. Water bottle
  1. How many hours are each section of the exam conducted for?
  1. 1 hour
  2. 2 hours
  3. 3 hours
  4. 4 hours
  1. Which section of the exam covers risk management and insurance planning?
  1. General principles of financial planning
  2. Investment planning
  3. Retirement savings and income planning
  4. Risk management and insurance planning
  1. What percentage of the exam is devoted to general principles of financial planning?
  1. 10%
  2. 15%
  3. 20%
  4. 25%

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Quiz Understanding the Financial Planning Certification Exam Part 1 Lesson 1

Quiz Understanding the Financial Planning Certification Exam Part 1 Lesson 1

Answers:

  1. B. Financial planning principles
  2. C. 170
  3. B. $825 – $1025
  4. C. Three times
  5. A. Complete a board-registered program
  6. D. All of the above
  7. B. Retirement savings and income planning
  8. A. Food and drinks
  9. B. 2
  10. A. Client and planner attitudes
  11. B. To verify identity
  12. C. CFP Board
  13. B. 4 weeks
  14. B. 10%
  15. A. Certified Public Accountant (CPA)
  16. B. To understand exam format
  17. D. Water bottle
  18. C. 3 hours
  19. D. Risk management and insurance planning
  20. B. 15%

End Of Quiz Understanding the Financial Planning Certification Exam Part 1 Lesson 1

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If you are studying to become a Registered Investment Advisor as well here are a couple good resources

For the Series 65 Exam

For the Series 66 Exam

 

 

All of the audio lessons for the Financial Planning Certification Exam Part 1 are available below

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