FINRA Investment Company and Variable Contracts Products Representative Examination (IR) 認定 Series6 試験問題:

1. Under the Investment Company Act of 1940, an investment company must:

A) include a statement of its investment policy in its prospectus.
B) provide a prospective investor with a copy of its registration statement when offering shares for sale.
C) have a board of directors composed of no more than 50% who are "interested persons."
D) maintain a minimum net worth of $5 million.

2. Uncle Scrooge (uncharacteristically) wants to set up a Section 529 college savings plan for his nephew,
Louie. If he does so:

A) he can contribute at most $2,000 a year.
B) and Louie decides not to go to college, Uncle Scrooge can name Louie's brother, Huey, as the
beneficiary of the plan without any tax consequences.
C) any withdrawals that Louie makes to cover tuition, books, and room and board will be free from both
federal and state taxes.
D) his contributions will be tax deductible.

3. Which of the following bonds would not be considered investment grade?

A) a corporate bond with a BBB rating.
B) a municipal bond with a BB rating.
C) a general obligation bond with an AA rating.
D) a debenture with an A rating.

4. Under FINRA Rule 2830, a member firm and its associates are prohibited from selling shares of a mutual
fund if the service fees disclosed in the fund prospectus exceed:

A) 0.50% of the fund's average annual net assets.
B) 0.25% of the fund's average annual net assets.
C) 1.00% of the fund's average annual net assets.
D) 0.75% of the fund's average annual net assets.

5. After having been divorced for several years, Mrs. Blended has remarried a man with three children of his
own. She has set up a revocable trust in which she deposited funds that she inherited when her mother
died, so that the monies will go uncontested to her two biological children in the event of her own death.
These two adult children are the only beneficiaries of the trust. Mrs. Blended has no plans to touch any of
the money in the trust unless circumstances demand it in the future. The trust is invested in a mutual fund
that paid $500 in dividend income and distributed $3,000 in long-term capital gain income to the trust this
year. Which of the following statements is true regarding the tax treatment of these distributions?

A) Assuming her two adult children are equal beneficiaries, each one is responsible for paying tax on 50%
of the income to the trust, or $1,750.
B) The distributions will not be taxed at this point; they will be taxed only when Mrs. Blended or her
beneficiaries make withdrawals from the trust.
C) The distributions will not be taxed at this point; they will be taxed as part of the estate upon Mrs.
Blended's death.
D) Mrs. Blended must pay taxes on the $3,500 in distributions.

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