Access free CIRO practice questions for CIRE, RSE, ISE, and Derivatives exams. Test your knowledge with sample questions covering regulations, KYC, securities, and more.
Why Practice Questions Are Essential
Research shows that active testing (answering practice questions) is one of the most effective study methods. It helps identify knowledge gaps and reinforces learning through retrieval practice.
Free CIRE Practice Questions
Question 1: Client Relationships
A client with a conservative risk profile asks about investing in cryptocurrency. What should you do?
- A) Recommend a small allocation to diversify
- B) Explain the risks and assess if it aligns with their profile
- C) Refuse to discuss cryptocurrency
- D) Suggest they open an account elsewhere
Answer: B) - Always assess suitability and ensure clients understand risks before making recommendations.
Question 2: Compliance
When must a suspicious transaction report be filed?
- A) Within 24 hours
- B) Within 30 days
- C) Within 3 business days
- D) Within 7 days
Answer: C) - FINTRAC requires suspicious transaction reports within 3 business days.
Free RSE Practice Questions
Question 1: Portfolio Construction
A 65-year-old retiree with moderate risk tolerance should have what approximate equity allocation?
- A) 80-90%
- B) 50-60%
- C) 30-40%
- D) 10-20%
Answer: C) - A common guideline suggests equity allocation = 100 minus age, adjusted for risk tolerance.
Free Derivatives Practice Questions
Question 1: Options Basics
A call option is "in the money" when:
- A) Strike price > Market price
- B) Strike price < Market price
- C) Strike price = Market price
- D) The option has expired
Answer: B) - A call option is in the money when the market price exceeds the strike price.
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