Free CTFA Mock Exam – Practice Online Confidently

Increase your chances of passing the American Bankers Association CTFA exam questions on your first try. Practice with our free online CTFA exam mock test designed to help you prepare effectively and confidently.

Exam Code: CTFA
Exam Questions: 900
Certified Trust and Fiduciary Advisor (CTFA)
Updated: 06 Jan, 2026
Question 1

Capital appreciation is an appropriate objective when the investors want the portfolio to grow in real terms over time to meet some future need. Under this strategy, growth mainly occurs through capital gains. This is an

Options :
Answer: C

Question 2

____________ is the term used for the monthly report of all the accumulated charges.

Options :
Answer: D

Question 3

Stephen is about to commence taking benefits from his personal pension scheme, which includes protected rights. He should be aware that:

Options :
Answer: A,B

Question 4

In bottom up approach of fundamental analysis investors begin with: 

Options :
Answer: D

Question 5

Assume that fire destroys two rooms of furniture that were 6 years old and had an estimated useful life of 10 years. The replacement cost is $5,000. Therefore at the time of loss, the furniture was subject to an assumed physical depreciation of 60%, i.e., 3,000 in this case. Because the actual cash value is estimated at $2,000. So, the maximum insurer would have to pay is:

Options :
Answer: B

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