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- Total Questions: 256
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CISI ICWIM Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Investment Advice | 21% | - Taxation principles - Advisory process - Portfolio recommendations and review - Communication and documentation |
| Investment Management | 15% | - Investment strategies - Risk and return concepts - Performance measurement and evaluation - Portfolio construction theories |
| The Financial Services Sector | 16% | - Market functions and products - Regulatory objectives and frameworks - Structure and participants - Ethical standards and professional conduct |
| Asset Classes | 10% | - Cash and money market instruments - Equities - Fixed income securities - Derivatives - Real estate and alternative assets |
| Fiduciary Relationships | 16% | - Client needs assessment - Conflicts of interest - Duties and responsibilities - Risk profiling and suitability |
| Lifetime Financial Provision | 18% | - Retirement planning - Estate and succession planning - Protection and insurance planning - Trusts and foundations |
| Economics and Investment Analysis | 10% | - Investment mathematics and statistics - Valuation methods - Macroeconomics and markets - Economic indicators and cycles |
| Industry Regulation | 10% | - Compliance and governance - Client categorization and protection - Regulatory authorities and rules - Financial crime prevention |
CISI International Certificate in Wealth & Investment Management Sample Questions:
Government spending, that is financed through borrowing, within an expansionary fiscal policy can have the effect of:
- A. Eliminating private sector spending
- B. Increasing banks' reserves
- C. Reducing the money supply
- D. Lowering interest rates
Correct Answer: A 🗳️
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Equities have a higher risk/reward profile when compared to many other asset classes. Their use within a portfolio stems from:
- A. The potential to counter inflationary effects
- B. The ability to align liabilities with profits from equities
- C. Their low volatility when compared to bonds
- D. Their lower cost compared to other assets
Correct Answer: A 🗳️
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Shareholder protection ensures sufficient funds are available to purchase the shareholding of a major shareholder on their death. It does this by:
- A. Being written into the Articles of Association
- B. Investing in the shares of the company
- C. Establishing a policy on each of the shareholding directors' lives
- D. Providing term assurance to all of the company's employees
Correct Answer: C 🗳️
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If a financial adviser issues a report to a client which recommends a specific protection product, what item relating to this product will often be attached to this report?
- A. Policy schedule
- B. Past performance table
- C. Terms of business letter
- D. Key features document
Correct Answer: D 🗳️
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You are analysing two similar funds, A and B, which have similar returns. However, you notice Fund B has a much higher standard deviation than Fund A. This implies that:
- A. Fund B has taken much higher risks
- B. Fund B is significantly more profitable than Fund A
- C. Fund A is much cheaper than Fund B
- D. Fund A has taken much higher risks
Correct Answer: A 🗳️
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
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