Studying just the content or topic of any chapter is never enough to prepare for CERTIFIED FINANCIAL PLANNER™ Exam. When the CFP® exam question paper asks you to put your learning to the test, it is always better to practice questions before the exam. Merely going through the concepts will not help the candidates understand the areas in which he/she is weak. By solving CFP® exam practice questions, you can understand the issues that you are grappling with. This is because when you solve MCQs and are unable to answer some of them, you can always return to the original text and prepare for the concept again. This exercise would help you secure good marks.
CFP® Exam Prep by Achieveoffers you ten sample practice questions for the CERTIFIED FINANCIAL PLANNER™ exam to help you analyze the problem areas. Solve these questions from the subject – Psychology of Financial Planning to transform your weaknesses into strengths.
Q1. Which of the following factors might explain why investors are hesitant to sell a stock that is underperforming?
Q4. Which of the following alternatives is most relevant in the context of Principles of Guidance? Choose the correct answer from the code given below. (i) Guidance is for all (ii) Guidance is based on individual differences (iii) Guidance is not a continuous process (iv) Guidance is intermittently organized (v) Guidance has a specific code of ethics (vi) Guidance is not the panacea for all ills (vii) Guidance is only for few who need it
Q6. What are the various plans which need to be followed while client plan for possible crises which could occur in the future? i) identify potential crises that might affect you ii) determine how you intend to minimize the risks of these crises occurring iii) set out how you’ll react if a crises occurs in a business continuity plan iv) test the plan regularly
Q7. During black swan event, Mary faced huge losses in it investment portfolio. As per American Counseling Association, which protocol should not be followed in the following by the CFP® professional?
Once you have solved these free CFP® exam practice questions, you can mark your own work and analyze the results. Doing this would help you determine what areas of the subject you are confident in answering. In this manner, you would know which areas need more revision, and can organize your timetable accordingly. You can subscribe to the CFP® Exam Prep App by Achieve to solve more questions from each subject and take benefit of our advanced revision features for quick and easy revision.
