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CISI ICWIM Exam Syllabus Topics:

SectionObjectives
Investment Products and Suitability- Taxation and charges overview
- Suitability and client profiling
- Equities, bonds, and collective investments
Wealth Management Principles- Portfolio construction basics
- Risk and return concepts
- Client investment needs and objectives
Investment and Financial Markets- Asset classes and investment products
- Market participants and their roles
- Structure of financial markets
Regulation and Ethics- Regulatory environment in financial services
- Conduct of business and compliance principles
- Ethical standards in investment advice

CISI International Certificate in Wealth & Investment Management Sample Questions:

Which of the following is a key property of fiat currency?

  • A. It has been declared legal tender
  • B. It has been devalued
  • C. It is pegged to the US dollar
  • D. It operates in an exchange rate mechanism
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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What is a key feature of offshore trusts that can make them attractive to wealthy UK clients?

  • A. The offshore trust is only liable for local taxes
  • B. The offshore trust is usually a less complex product to understand
  • C. The beneficiaries never have to pay inheritance tax
  • D. They are not publicly registered
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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The effect of gearing within an investment trust company is that it:

  • A. Lowers operating expenses
  • B. Magnifies profits and losses
  • C. Raises initial charges
  • D. Reduces the trust's premium or discount
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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To minimise risk and maximise diversification, a portfolio should hold securities with:

  • A. Negative correlation and high standard deviation
  • B. Negative correlation and low standard deviation
  • C. Positive correlation and high standard deviation
  • D. Positive correlation and low standard deviation
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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What term describes the process that enables savings institutions to transform into banks?

  • A. Demutualisation
  • B. Refinancing
  • C. Swap
  • D. Peer to peer
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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