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