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Page: 1 / 6
Total 60 questions
Exam Code: ICWIM                Update: Oct 15, 2025
Exam Name: International Certificate in Wealth & Investment Management

CISI International Certificate in Wealth & Investment Management ICWIM Exam Dumps: Updated Questions & Answers (October 2025)

Question # 1

Why is the process of prioritising the protection needs of your client important?

A.

To establish the net worth of your client

B.

It provides an opportunity to establish a benchmark

C.

To protect your firm from risk

D.

It allows you and the client to agree on an affordable plan

Question # 2

Personal accident policies will pay out:

A.

Once the insured has been seen by a doctor

B.

On the day of the accident

C.

Following a waiting period

D.

Once the insurance company has received the medical documentation

Question # 3

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

A.

An absolute return strategy

B.

A market-neutral strategy

C.

An event-driven strategy

D.

A non-directional strategy

Question # 4

What fiduciary responsibility does a financial adviser have for their clients?

A.

Decrease the overall risk of their portfolio

B.

Provide their services at a competitive fee

C.

Act in the best interests of their clients

D.

Offer conservative advice with low risk

Question # 5

The Arbitrage Pricing Theory (APT) assumes investors can sell short. This involves:

A.

Not selling the whole of your shareholding in one trade

B.

Selling something you do not own, intending to buy it back at a lower price later

C.

Selling your shares and buying them back a short time later

D.

Selling lots of securities over a short time frame

Question # 6

In what circumstances would a central bank use its foreign reserves in the currency markets?

A.

To lower the rate of inflation

B.

To control the money supply

C.

To influence the nation's currency

D.

When influencing the short-term interest rate

Question # 7

Which class of mutual fund shares has a charging structure that avoids a front-end load?

A.

Class A

B.

Class B

C.

Class C

D.

Class D

Question # 8

Standard deviation is used when analysing portfolios because it:

A.

Allows for a comparison of volatility

B.

Identifies profitable trades

C.

Makes it easier to track the performance against a benchmark

D.

Identifies underperforming assets

Question # 9

The Return on Capital Employed (ROCE) ratio can be used to:

A.

Establish trends between accounting periods

B.

Assist in revaluing fixed assets

C.

Determine the need for capital

D.

Calculate the return on ordinary shareholders’ equity

Question # 10

What is the standard settlement period in spot currency markets?

A.

T+1

B.

T+2

C.

T+3

D.

T+4

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Total 60 questions

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