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100+ Free CFP India Practice Questions

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A planner constructs the personal cash-flow statement. Which item is a financing inflow rather than an income inflow?

A
B
C
D
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Key Facts: CFP India Exam

50

Final Exam MCQs

FPSB India Exam Pattern

25 + 25

Stand-alone + Case-study

FPSB India Exam Pattern

3 hours

Final Exam Duration

FPSB India Exam Pattern

75 MCQs

Per Specialist Module

FPSB India Exams

3 modules

Specialist Certifications

FPSB India CFP Pathway

Mettl / NSE

Delivery Platforms

FPSB India

The FPSB India CFP final exam is a 3-hour computer-based test with 50 four-option MCQs split into 25 stand-alone and 25 case-study-based questions, delivered on the Mettl platform or NSE / DEXiT centres. The new FPSB India pathway also includes three specialist certification exams (Investment Planning; Retirement and Tax Planning; Risk and Estate Planning), each 75 MCQs, plus an Integrated Financial Planning course with a financial-plan assessment. Content covers global financial-planning competencies grounded in Indian income-tax, insurance, and succession law. FPSB India sets passing standards through standard-setting and does not publish a fixed raw passing percentage.

Sample CFP India Practice Questions

Try these sample questions to test your CFP India exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under FPSB's six-step financial planning process, which step immediately follows 'Analysing and evaluating the client's financial status'?
A.Establishing and defining the client-planner relationship
B.Developing and presenting the financial planning recommendations
C.Gathering client data and determining goals
D.Implementing the financial planning recommendations
Explanation: FPSB's six-step process runs: establish relationship, gather data/goals, analyse and evaluate status, develop/present recommendations, implement, then monitor. Developing and presenting recommendations follows the analysis step.
2An investor's portfolio earned 14% in a year when the risk-free rate was 6% and portfolio standard deviation was 16%. What is the Sharpe ratio?
A.0.875
B.0.50
C.0.375
D.1.40
Explanation: Sharpe ratio = (Portfolio return − Risk-free rate) / Standard deviation = (14% − 6%) / 16% = 8 / 16 = 0.50. It measures excess return per unit of total risk.
3For FY 2025-26, under the default new tax regime in India, what is the maximum income up to which a resident individual pays effectively nil tax after the Section 87A rebate?
A.Rs 12,00,000
B.Rs 7,00,000
C.Rs 5,00,000
D.Rs 15,00,000
Explanation: From FY 2025-26, the Section 87A rebate under the new regime makes taxable income up to Rs 12,00,000 effectively tax-free for resident individuals (rebate up to Rs 60,000). The basic exemption itself starts at Rs 4,00,000.
4A nominee under Section 39 of the Insurance Act, 1938, who is NOT a 'beneficial nominee' under the 2015 amendment, generally holds the policy proceeds in what capacity?
A.As absolute owner of the proceeds
B.As a creditor of the estate
C.As a trustee for the legal heirs
D.As an assignee of the policy
Explanation: A non-beneficial nominee receives the proceeds only as a trustee and must distribute them to the legal heirs as per succession law. Only specified 'beneficial nominees' (close family) under the 2015 amendment hold proceeds beneficially.
5If a sum of Rs 1,00,000 is invested today at 8% per annum compounded annually, what is its approximate value after 3 years?
A.Rs 1,25,971
B.Rs 1,24,000
C.Rs 1,08,000
D.Rs 1,26,532
Explanation: Future value = PV × (1 + r)^n = 1,00,000 × (1.08)^3 = 1,00,000 × 1.259712 = Rs 1,25,971. Compound interest reinvests each year's interest.
6Under Section 80C of the Income Tax Act, what is the maximum aggregate deduction available to an individual in the old tax regime for FY 2025-26?
A.Rs 1,00,000
B.Rs 2,00,000
C.Rs 1,50,000
D.Rs 2,50,000
Explanation: Section 80C permits an aggregate deduction of up to Rs 1,50,000 for specified investments and payments such as PPF, EPF, ELSS, life insurance premium, and principal repayment on housing loans. It is available only under the old regime.
7An equity mutual fund unit is held for 14 months and sold at a long-term capital gain of Rs 2,00,000 in FY 2025-26. Approximately how much LTCG tax applies, given the Rs 1.25 lakh annual exemption and 12.5% rate?
A.Nil
B.Rs 25,000
C.Rs 15,000
D.Rs 9,375
Explanation: Listed equity held over 12 months gives LTCG. After the Rs 1,25,000 exemption, taxable LTCG = 2,00,000 − 1,25,000 = Rs 75,000, taxed at 12.5% = Rs 9,375 (plus cess).
8Which measure of risk reflects only the systematic (non-diversifiable) risk of a security relative to the market?
A.Standard deviation
B.Semi-variance
C.Coefficient of variation
D.Beta
Explanation: Beta measures a security's sensitivity to overall market movements and captures systematic risk, which cannot be diversified away. The CAPM uses beta to determine required return.
9Under the Employees' Provident Fund scheme, what is the statutory employee contribution rate on basic wages plus dearness allowance for most covered establishments?
A.8.33%
B.10%
C.15%
D.12%
Explanation: The standard EPF contribution is 12% of basic wages plus DA from both employee and employer. Of the employer's 12%, 8.33% is diverted to the Employees' Pension Scheme (subject to the wage ceiling).
10A risk-averse client needs funds in 9 months for a house down payment. Which instrument is MOST appropriate for this goal?
A.A diversified equity mutual fund
B.An equity-linked savings scheme (ELSS)
C.A small-cap equity fund
D.A liquid or ultra-short-duration debt fund
Explanation: A short-term goal requiring capital preservation and liquidity is best met with a liquid or ultra-short-duration debt fund, which carries low interest-rate and credit risk. Equity is unsuitable over such a short horizon.

About the CFP India Exam

The FPSB India CFP Certification Examination is the culminating computer-based test of the CFP pathway, with a 50-question final exam (25 stand-alone and 25 case-study MCQs) integrating investment, retirement and tax, risk, and estate planning, preceded by three 75-question specialist module exams.

Questions

50 scored questions

Time Limit

3 hours (final exam); 2 hours per specialist module

Passing Score

Set by FPSB India standard-setting; no fixed public raw percentage

Exam Fee

Specialist and CFP final exam fees vary by pathway and are published on the FPSB India student portal (FPSB India / Mettl / NSE)

CFP India Exam Content Outline

25-30%

Investment Planning

Time value of money, risk and return, asset classes, mutual funds, ETFs, portfolio construction, diversification, CAPM, valuation, SIP/STP strategies, and rebalancing.

25-30%

Retirement and Tax Planning

Indian income-tax slabs and regimes, deductions, capital gains, EPF, PPF, NPS, gratuity, retirement-corpus estimation, annuities, and tax-efficient withdrawal.

20-25%

Risk and Estate Planning

Insurance principles, life and health products, human-life-value, riders, Indian succession law, wills, trusts, probate, nomination, and estate transfer.

20-25%

Integrated Financial Planning

FPSB six-step process, ethics, cash-flow and net-worth analysis, financial ratios, goal prioritisation, contingency planning, plan construction, and monitoring.

How to Pass the CFP India Exam

What You Need to Know

  • Passing score: Set by FPSB India standard-setting; no fixed public raw percentage
  • Exam length: 50 questions
  • Time limit: 3 hours (final exam); 2 hours per specialist module
  • Exam fee: Specialist and CFP final exam fees vary by pathway and are published on the FPSB India student portal

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

CFP India Study Tips from Top Performers

1Master each specialist module thoroughly because the case-study section integrates all of them at once.
2Practise computational questions on time value of money, CAPM, Sharpe ratio, SIP corpus, and retirement-corpus estimation until they are quick and reliable.
3Stay current with Indian tax changes such as the default new regime, revised slabs, and capital-gains rules, since outdated figures cause errors.
4Drill succession-law and nomination concepts, including the Hindu Succession Act, wills, trusts, probate, and minor-nominee appointees.
5Time your case-study practice so you can read a scenario and answer 25 linked questions within the 3-hour final-exam window.
6Do not memorise a single invented passing percentage; FPSB India uses standard-setting, so focus on consistent accuracy across all four domains.

Frequently Asked Questions

How many questions are on the FPSB India CFP final exam?

The CFP final exam has 50 four-option multiple-choice questions: 25 stand-alone questions and 25 questions based on a case study, completed in a 3-hour computer-based session.

What are the FPSB India specialist module exams?

The FPSB India pathway includes three specialist certification exams: Investment Planning; Retirement and Tax Planning; and Risk and Estate Planning. Each is a computer-based exam of about 75 multiple-choice questions.

Where is the CFP India exam delivered?

FPSB India delivers its computer-based MCQ exams through the Mettl platform or at NSE / DEXiT test centres, available either online-proctored or in person.

What is the CFP India passing score?

FPSB India sets the passing standard for each exam through standard-setting and does not publish a fixed public raw passing percentage, so candidates should aim for consistent mastery across all domains.

What does the case-study section test?

The 25 case-study questions present a realistic client scenario and are distributed roughly equally across the financial-planning components, testing a candidate's ability to apply and integrate knowledge.

Which Indian rules does the CFP India exam emphasise?

The exam grounds global financial-planning competencies in Indian income-tax provisions (slabs, deductions, capital gains, EPF/PPF/NPS), Indian insurance regulation, and succession law such as the Hindu Succession Act and Indian Succession Act.

How often is the CFP India exam conducted?

The FPSB India CFP exam is offered bimonthly across the year, with registration windows opening on the student portal in line with the published exam calendar.

Do I need to complete courses before the final exam?

Yes. Candidates complete the relevant FPSB specialist courses and the Integrated Financial Planning course, including a financial-plan assessment, before sitting the CFP final exam.