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CSI FP2 exam : Financial Planning II (FPII)

FP2 Exam Simulator
  • Exam Code: FP2
  • Exam Name: Financial Planning II (FPII)
  • Updated: Oct 11, 2026
  • Q & A: 62 Questions and Answers
  • CSI FP2 Q&A - in .pdf

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CSI FP2 exam simulator

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CSI FP2 Exam Syllabus Topics:

SectionWeightObjectives
Estate Planning10%- Estate taxation and wealth transfer
- Wills, trusts, and powers of attorney
Financial Planning for Small Business15%- Business structure and financial considerations
- Succession planning and exit strategies
Investment and Tax Planning10%- Tax-efficient investing and income planning
- Investment portfolio construction
Family Law15%- Support obligations and asset division
- Marriage, cohabitation, and separation agreements
Retirement Planning20%- Retirement savings and withdrawal strategies
- Retirement income needs analysis
- Government and private retirement programs
Insurance Planning10%- Property and liability risk management
- Life, disability, and critical illness insurance
Savings Planning & Debt Management10%- Savings vehicles and strategies
- Debt management and repayment plans
Financial Planning Practice10%- Client engagement and data gathering
- Financial plan development process

CSI Financial Planning II (FPII) Sample Questions:

Question #1

What is outside the statutory requirements of a domestic contract between parties?

  • A. Each party has provided full financial disclosure.
  • B. Each party has independent legal advice.
  • C. The agreement is witnessed.
  • D. The agreement is in writing.
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Correct Answer: B  🗳️

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Question #2

Joshua and Marie are siblings who inherited an apartment building from their parents, which they now own jointly. They share the net profits equally, but they do not have a signed agreement. What ruling will the courts apply with respect to the existence of a partnership?

  • A. They are deemed to be partners because they both have ownership in the apartment building.
  • B. They are deemed not to be partners because they are operating at non-arm's length.
  • C. They are deemed not to be partners because they do not have a written agreement.
  • D. They are deemed to be partners because they share net profits.
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Correct Answer: D  🗳️

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Question #3

What is the name of the individual who is responsible for making decisions based on a power of attorney?

  • A. Testator.
  • B. Settlor.
  • C. Donor.
  • D. Donee.
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Correct Answer: D  🗳️

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Question #4

Kimberly, age 24, has few assets, and is single with no children. Kimberly has a 10-year-old niece Tanya who she would like her entire estate to be distributed to at death. She consults with her lawyer Jackie to write a will. What is the most important clause Jackie should add in Kimberly's will?

  • A. Funeral instructions and requirement to pay all debts and obligations.
  • B. Discretionary encroachment.
  • C. Appointment of a guardian for a minor.
  • D. Discretionary powers to divest assets, borrow from estate and to make investment decisions.
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Correct Answer: B  🗳️

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Question #5

Which statement describes the doctrine of non est factum as it applies to contracts?

  • A. When a mistaken assumption is made by both parties on a fundamental aspect of the subject matter.
  • B. When the goods, which are subject of the contract, do not exist.
  • C. When a false statement of fact induces another to enter into a contract.
  • D. When one party is mistaken by the nature of the document.
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Correct Answer: D  🗳️

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