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Last Updated: Aug 30, 2026

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CIRO RSE Practice Q&A's

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CIRO RSE Exam Syllabus Topics:

SectionWeightObjectives
Equities18–22%- Trading mechanics and market structure
- Equity product features and risks
Client Monitoring and Relationship Management8–12%- Performance reporting and CRM2
- Complaint handling procedures
Mutual Funds and ETFs20–24%- Fund structures and disclosure documents
- Suitability and sales obligations
Structured Products10–14%- Product types and risk profiles
- Applicable regulatory rules
Trade Execution and Market Integrity8–12%- Prohibited practices and compliance
- Order routing and best execution
KYC and Suitability20–24%- Suitability determination and documentation
- Client information collection and updates
Fixed Income18–22%- GICs and other retail fixed-income products
- Bond characteristics and pricing
Portfolio Construction and Managed Accounts10–14%- Registered account types
- Asset allocation and risk metrics

CIRO Retail Securities Sample Questions:

Question 1

Which feature gives a bondholder the right to require the issuer to redeem the bond at a specified price on specified dates?

A. Puttable feature
B. Sinking-fund feature
C. Callable feature
D. Convertible feature


Question 2

An investor is considering purchasing a preferred share that provides a fixed dividend for an extended period, with no set maturity date. Which type of preferred share best meets the investor's considerations?

A. Perpetual
B. Participating
C. Convertible
D. Callable


Question 3

A manufacturing company reports annual cost of goods sold of $2,400,000. Its average inventory during the year was $400,000. What is the company's inventory turnover ratio?

A. 5.0 times
B. 6.0 times
C. 8.0 times
D. 4.0 times


Question 4

A Registered Representative (RR) is invited to an investment seminar on methods of investment strategy used by the sponsoring fund provider. What is the appropriate action for the RR?

A. Accept the invitation and disclose any potential conflicts of interest to the Investment Dealer
B. Accept the invitation since it is industry practice to attend sponsored educational events
C. Decline the invitation and report the fund provider for inappropriately influencing RRs
D. Decline the invitation because they are marketing activities by asset managers to RRs


Question 5

A Registered Representative (RR) meets with an investor seeking a low-risk option for retirement savings.
The Representative considers recommending a bond fund. Which step best ensures compliance with know- your-product (KYP) regarding the bond fund's suitability?

A. Evaluating the fund's marketing materials for clarity on investment objectives
B. Reviewing the fund's historical returns to confirm steady performance
C. Assessing the fund's exposure to interest rate fluctuations and credit risks
D. Comparing the fund's diversification with similar products in the market


Solutions:

Question 1
Answer: A
Question 2
Answer: A
Question 3
Answer: B
Question 4
Answer: A
Question 5
Answer: C

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