Free IIA IIA-CFSA Exam Actual Questions

The questions for IIA-CFSA were last updated On Feb 19, 2025

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Question No. 1

Charitable trust that is an irrevocable trust and that may be testamentary or inter-vivos (Between living persons) is called:

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Correct Answer: D

Question No. 2

Homeowner policies combine property and casualty coverage into the same policy (known as multi-line policies). Homeowner policies provide four types of property coverage. All of the following are out of those EXCEPT:

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Correct Answer: D

Question No. 3

Known limitations of VaR methodology include the fact that changes in market may not tend to normal distribution (specifically, that very large movements are more likely than predicated by the normal distribution assumption); BECAUSE:

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Correct Answer: D

Question No. 4

Derivatives can be:

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Correct Answer: D

Question No. 5

Other asset categories are mentioned in:

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Correct Answer: C