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CISI ICWIM Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Investment and Financial Markets | - Market participants and their roles - Structure of financial markets - Asset classes and investment products |
| Topic 2: Wealth Management Principles | - Client investment needs and objectives - Portfolio construction basics - Risk and return concepts |
| Topic 3: Regulation and Ethics | - Ethical standards in investment advice - Conduct of business and compliance principles - Regulatory environment in financial services |
| Topic 4: Investment Products and Suitability | - Taxation and charges overview - Equities, bonds, and collective investments - Suitability and client profiling |
CISI International Certificate in Wealth & Investment Management Sample Questions:
An investor deposits £1,000 into an account that pays 3% per annum. If interest is compounded annually, how much will be in the account after 5 years?
- A. £1,150.00
- B. £1,157.63
- C. £1,276.28
- D. £1,159.27
Correct Answer: D 🗳️
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Which of the following would cause a coffee producer's supply curve to shift to the right?
- A. Reduction in competition
- B. Consumers switching to other drinks
- C. Improved harvesting methods
- D. Reduced crop yield
Correct Answer: C 🗳️
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What is the role of a central counterparty (CCP)?
- A. To provide funding to counterparties as and when required
- B. To act as a market maker between counterparties
- C. The CCP guarantees that the counterparties will not default
- D. It interposes itself between the counterparties to a trade, becoming the buyer to every seller and the seller to every buyer
Correct Answer: D 🗳️
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Why does prospect theory suggest that investors are inconsistent in their attitude to risk?
- A. Reluctance to realise gains yet quick to take losses
- B. Reluctance to realise losses yet quick to take gains
- C. Due to their reliance on past performance
- D. Because once asset allocations have been made, investors are reluctant to change them
Correct Answer: B 🗳️
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Which type of trading system employs market makers?
- A. Quote-driven
- B. On-exchange
- C. Order-driven
- D. Over-the-counter
Correct Answer: A 🗳️
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