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I have to take a SIFMA test for a financial advising training program. I am graduating in December so I'm not sure what I will be doing yet. I am going to take this assessment regardless just to see how it goes. I received some sample questions and I can not figure out how to answer them. These are some sample questions:
Premises #1:
The 10-unit office complex consists of 8 two-office suites at $1450/month and two three-office suites at $1575/month. The Smith-Johnson law practice moves into the office complex.

Conclusion:

The Smith-Johnson practice pays $1575/month in rent.

a. necessarily true.

b. probably, not necessarily true.

c. indeterminable, cannot be determined.

d. probably, not necessarily false.

e. necessarily false.

The conclusion is probably, not necessarily false.

Premises #2:

Most U.S. trade associations have their headquarters in Washington DC. Ms. Caroll is the HR Director for a U.S. trade association. She works at the headquarters office.

Conclusion:

Ms. Caroll works in Washington DC.

a. necessarily true.

b. probably, not necessarily true.

c. indeterminable, cannot be determined.

d. probably, not necessarily false.

e. necessarily false.

The conclusion is probably, not necessarily true.

What are they looking for in these answers?? I can't even see a pattern here.
I really appreciate your help. I just don't want to start randomly guessing.

Comments (4)

  • jy3joe's picture

    Ryan where did you get the SIFMA example questions? I have been trying to find study material for Necessity & Contingency questions. I can find logic questions/examples but it goes beyond what SIFMA is testing. Thanks

  • Matthew-White's picture

    The sample questions above are emailed to you once you have applied for a position. I'm having the same problem right now, Ryan. Not sure what they are looking for.

  • tvPM's picture

    i am not seeing the difficulty here, this is reading comprehension/deductive logic questions. Aside from the fact that if you are just graduating you should not consider a financial advisory role...RTFQ. That is Read the F'ing Question.

    ie-#2: if most associations are headquartered in Washington, and she works for an association at its headquarters, then isnt it probably true that she works in Washington? And isnt it not necessarily the case as some associations dont office in Washington?

    There is no trick here, and not to insult you, but this is some basic crap. There is no trick.

  • Chris16's picture

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