Try and practice the latest CISI : ICWIM real questions & answers
Updated: Jun 24, 2026
No. of Questions: 256 Questions & Answers with Testing Engine
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CISI International Certificate in Wealth & Investment Management Sample Questions:
1. Which of the following elements would be included in a recommendation report to a client?
A) Protection
B) Previous arrangements
C) Interest rate
D) Inflation rate
2. The UCITS regulations have been integral to introducing a common format for:
A) Corporate actions
B) Key investor information documents
C) Trade settlement
D) Company accounts
3. A manufacturing company has increased its level of output to the point where marginal costs start to exceed average total costs. What does this indicate?
A) Fixed costs are likely to fall
B) Variable costs are now negligible
C) The market has become saturated
D) Productive capacity is constrained
4. Which type of life assurance policy is designed to pay a lump sum if the policyholder dies within a specified time period?
A) Whole-of-life assurance
B) Term assurance
C) Endowment assurance
D) Annuity policy
5. Why is a flat yield measurement regarded as an inaccurate measure of the return on a bond investment?
A) It ignores the eroding effect of inflation
B) It ignores the compound nature of interest over time
C) It discounts the effect of taxation
D) It ignores any capital gain or loss when it is held to redemption
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: D |
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