CISI International Certificate in Wealth & Investment Management : ICWIM

ICWIM real exams

Exam Code: ICWIM

Exam Name: International Certificate in Wealth & Investment Management

Updated: Jun 15, 2026

Q & A: 256 Questions and Answers

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CISI International Certificate in Wealth & Investment Management Sample Questions:

1. Capital gains tax CGT is charged:

A) On gains arising from the sale of an asset
B) On the transfer of assets upon death
C) At a reduced rate for pensions
D) On any asset at the time of its disposal


2. The use of a central counterparty CCP during settlement helps to lower risk because the CCP:

A) Interposes itself between the trade counterparties
B) Makes use of dematerialised stock
C) Uses an electronic book entry transfer process
D) Settles trades on a delivery versus payment basis


3. 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?

A) A pre-defined band of acceptable volatility was identified for the client
B) A specific target level of return was required by the client
C) The client expressed strong views on socially responsible investment
D) The client put equal emphasis on both growth and income needs


4. During a period of growth in consumer income the demand curve for a normal product would:

A) Shift to the right
B) Begin to curve upwards
C) Remain static
D) Shift to the left


5. Under Islamic law, charging or receiving interest is:

A) Murabaha
B) Ijara
C) Sukuk
D) Haram


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: A
Question # 5
Answer: D

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