Claritas Exam Details

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The Claritas computer-based exam is in English and contains 120 multiple-choice questions.

You will have 2 hours to complete the exam and review your answers.

Depending on test center availability, you can schedule your Claritas exam appointment on a day and time convenient for you; however, you must schedule and sit for the exam within 6 months (180 days) of the day your exam registration was confirmed.

The exam questions cover all the topics included in your eBook; however, some topics are emphasized more than others. Below is the approximate weighting for each module and access to some sample exam questions.

Approximate Topic Weights*

Module 1 Industry overview: 5%
Module 2 Ethics and regulation: 10%
Module 3 Inputs and tools: 20%
Module 4 Investment instruments: 20%
Module 5 Industry structure: 20%
Module 6 Serving client needs: 5%
Module 7 Industry controls: 20%

*Prior to 1 February 2015, modules 6 and 7 appeared in reverse order; their topic weight remains unchanged. Weightings are subject to slight variation to ensure an equal balance of difficulty for all candidates.

Sample Questions**

13. Which of the following bonds contains an embedded option that provides the issuer certain rights?
  • (a) Putable bond
  • (b) Callable bond
  • (c) Convertible bond
Find the answer to this question and view more sample questions (PDF).

**Sample questions are provided as examples of the types of questions that may appear on an actual Claritas exam, but they do not predict what you will see on your exam.

 

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