CISI International Certificate in Wealth & Investment Management - ICWIM Exam Practice Test
According to economic theory, firms maximize profit by:
Correct Answer: C
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What is the first action an adviser takes to ensure that their advice is suitable for a client?
Correct Answer: D
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Which of the following actions constitutes market abuse?
Correct Answer: A
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Which type of property fund seeks to capitalise on opportunities to acquire property from distressed sellers?
Correct Answer: A
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A firm has an existing client who is the head of a foreign state. What type of due diligence should the firm undertake if the client's spouse applies to become a client?
Correct Answer: D
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Mortgage protection can assist when:
Correct Answer: B
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A financial adviser has created and recommended a risk-targeted investment portfolio for a client. What key factor drove the adviser's decision that this was a suitable approach?
Correct Answer: A
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Earnings before interest and tax provides a better picture of a company's operational performance and profitability from its core business activities because it:
Correct Answer: D
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Which type of trading system employs market makers?
Correct Answer: C
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What term describes the process that enables savings institutions to transform into banks?
Correct Answer: B
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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?
Correct Answer: B
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Capital gains tax CGT is charged:
Correct Answer: C
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