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ICWIM International Certificate in Wealth & Investment Management is now Stable and With Pass Result | Test Your Knowledge for Free

ICWIM Practice Questions

International Certificate in Wealth & Investment Management

Last Update 4 days ago
Total Questions : 200

Dive into our fully updated and stable ICWIM practice test platform, featuring all the latest CISI level 3 Certificate in Wealth & Investment Management exam questions added this week. Our preparation tool is more than just a CISI study aid; it's a strategic advantage.

Our CISI level 3 Certificate in Wealth & Investment Management practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about ICWIM. Use this test to pinpoint which areas you need to focus your study on.

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Question # 1

Which of the following will be a major constraint on a client’s ability to invest and protect against all of the risks that might arise?

Options:

A.  

Age

B.  

Affordability

C.  

Risk aversion

D.  

Tax implications

Discussion 0
Question # 2

A market which employs an electronic order book to match buyers with sellers in strict order by price is known as:

Options:

A.  

Order-driven

B.  

Quote-driven

C.  

On-exchange

D.  

Over-the-counter

Discussion 0
Question # 3

Which currency is most heavily traded on international markets?

Options:

A.  

British pound sterling

B.  

US dollar

C.  

Japanese yen

D.  

Euro

Discussion 0
Question # 4

How does ‘relief at source’ normally operate in relation to overseas dividend income?

Options:

A.  

A reduced rate of withholding tax is levied

B.  

A tax rebate is paid in cash

C.  

A credit is applied against a separate tax liability

D.  

A staggering of the tax levy is granted

Discussion 0
Question # 5

The management of investment portfolios of collective investment schemes, pension funds, insurance funds, hedge funds, and private equity would normally be considered to fall into the scope of:

Options:

A.  

The retail financial sector

B.  

The wholesale financial sector

C.  

Family offices

D.  

Private banking

Discussion 0
Question # 6

Which index tracking method requires a swap agreement?

Options:

A.  

Full replication

B.  

Stratified Sampling

C.  

Synthetic Replication

D.  

Optimisation

Discussion 0
Question # 7

If a hedge fund is engaging in equity arbitrage, it is likely that they are pursuing:

Options:

A.  

An absolute return strategy

B.  

A market-neutral strategy

C.  

An event-driven strategy

D.  

A non-directional strategy

Discussion 0
Question # 8

A bullet bond portfolio can have an advantage over a barbell bond portfolio because:

Options:

A.  

It is always riding the yield curve

B.  

It only invests in short-dated bonds

C.  

The gross redemption yield is always higher

D.  

A bullet portfolio does not require regular rebalancing

Discussion 0
Question # 9

A firm acting as agent makes money by:

Options:

A.  

Profiting from the spread

B.  

Providing advice

C.  

Charging their client a commission

D.  

Trading against its own order book

Discussion 0
Question # 10

It is impossible to diversify against:

Options:

A.  

Currency risk

B.  

Credit risk

C.  

Liquidity risk

D.  

Market risk

Discussion 0
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