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Client Adviser Competency Standards (CACS) Paper 2 – Industry & Product Knowledge — Information & Free Practice

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About Client Adviser Competency Standards (CACS) Paper 2 – Industry & Product Knowledge

Client Adviser Competency Standards (CACS) Paper 2 – Industry & Product Knowledge · SG

Key exam facts

Provider
The Institute of Banking & Finance (IBF) administers the CACS examination. Its CACS examinations and study guides are reviewed and approved by an industry panel.
Format
Computer-based multiple-choice examination at the IBF Assessment Centre by default. Each question has four options and one correct answer; knowledge and application questions are used. Exceptional online delivery is offered under IBF's business-continuity arrangements.
Exam questions
Total questions: 80.
Time limit
2.5 hours (150 minutes) of examination time. Candidates are separately advised to arrive at least 15 minutes early.
Passing score
70% pass mark for Paper 2; this is a percentage, not a scaled score.
Exam fee
Onsite Paper 2: SGD 446.90 for corporate members; SGD 534.10 for non-corporate members, inclusive of GST. First and subsequent attempts have the same fee. Exceptional online examinations: member SGD 1,438.80; non-member SGD 1,744.00, inclusive of GST (FAQ Q71).

Topics covered

  • Macroeconomic Analysis and Key Drivers of Asset Prices

  • Portfolio Management Process and Performance Measurement

  • Foreign Exchange Analysis

  • Fixed Income Analysis and Strategies

  • Equity Analysis ad Strategies

  • Funds Solutions

  • Alternative Investments

  • Derivatives Market

  • Structured Products

  • Credit and Leverage

How to prepare

Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.

These independent practice questions are not actual exam items and do not guarantee a passing result.

Frequently asked questions

What is the exam format?

Computer-based multiple-choice examination at the IBF Assessment Centre by default. Each question has four options and one correct answer; knowledge and application questions are used. Exceptional online delivery is offered under IBF's business-continuity arrangements.

How many questions are on the exam?

Total questions: 80.

How long is the exam?

2.5 hours (150 minutes) of examination time. Candidates are separately advised to arrive at least 15 minutes early.

What is the passing score?

70% pass mark for Paper 2; this is a percentage, not a scaled score.

How much does the exam cost?

Onsite Paper 2: SGD 446.90 for corporate members; SGD 534.10 for non-corporate members, inclusive of GST. First and subsequent attempts have the same fee. Exceptional online examinations: member SGD 1,438.80; non-member SGD 1,744.00, inclusive of GST (FAQ Q71).

Official sources and references

Confirm current exam arrangements with the exam provider.