Amazon
Avaya
Cisco
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL
Juniper
Microsoft
NVIDIA
Okta
Palo Alto Networks
Salesforce
SAP
ServiceNow
All Vendors
  1. Home
  2. CISI
  3. ICWIM

CISI ICWIM Exam (page: 1)
CISI International Certificate in Wealth and Investment Management
Updated on: 24-Mar-2026

Viewing Page 1 of 14
ICWIM PDF 100 Questions

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

  1. not selling the whole of your shareholding in one trade
  2. selling something you do not own, intending to buy it back at a lower price later
  3. selling your shares and buying them back a short time later
  4. selling lots of securities over a short time frame

Answer(s): B

Explanation:

Short selling refers to selling a security that the investor does not currently own, with the intention of buying it back later at a lower price to profit from the decline in value. The Arbitrage Pricing Theory (APT) assumes that investors can take both long and short positions to exploit pricing inefficiencies. This is fundamental for arbitrage opportunities under APT.



If a company's Economic Value Added is negative, this means that:

  1. the rate of growth in the company's value is slowing down
  2. the company's value is being destroyed
  3. the rate of growth in the company's value is below that of the sector average
  4. the company's value is nil

Answer(s): B

Explanation:

Economic Value Added (EVA) is a measure of a company's financial performance based on residual wealth, calculated by deducting the cost of capital from its net operating profit after taxes (NOPAT). A negative EVA indicates that the company is not generating returns above its cost of capital, meaning it is destroying shareholder value rather than creating it.



Which of the following would cause a coffee producer's supply curve to shift to the right?

  1. Improved harvesting methods
  2. Reduced crop yield
  3. Consumers switching to other drinks
  4. Reduction in competition

Answer(s): A

Explanation:

Improved harvesting methods increase production efficiency and reduce costs, enabling the coffee producer to supply more at each price level. This causes the supply curve to shift to the right, reflecting an increase in supply.



Which term is used to describe a dividend payment made by a company with insufficient earnings to do so?

  1. An ex-dividend payment
  2. A proxy dividend payment
  3. A scrip dividend payment
  4. An uncovered dividend payment

Answer(s): D

Explanation:

An uncovered dividend payment occurs when a company pays dividends despite having insufficient earnings to cover the payment. This typically indicates that the dividend is being paid from reserves or through borrowing, which may raise concerns about the company's financial sustainability.



The return on a whole-of-life unit-linked policy is:

  1. directly related to the performance of the insurance company's fund
  2. related to the consumer price index (CPI)
  3. linked to the rate of inflation
  4. dependent on prevailing interest rates

Answer(s): A

Explanation:

A whole-of-life unit-linked policy is an insurance product where the value of the policy is directly tied to the performance of investment funds chosen by the policyholder. Therefore, the return is directly related to the performance of the insurance company's fund in which the premiums are invested.



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?

  1. Fixed costs are likely to fall
  2. The market has become saturated
  3. Variable costs are now negligible
  4. Productive capacity is constrained

Answer(s): D

Explanation:

When marginal costs exceed average total costs, it signals diminishing returns to scale and indicates that the firm is operating beyond its optimal capacity. This suggests that productive capacity is constrained, and producing additional units is becoming increasingly costly.



An economy with two consecutive quarters of negative growth is considered to be in what phase of an economic cycle?

  1. Recession
  2. Slump
  3. Depression
  4. Inflationary

Answer(s): A

Explanation:

An economy is officially considered to be in a recession when it experiences two consecutive quarters of negative GDP growth. This is a standard definition used by economists and policymakers to identify the contraction phase of the economic cycle.



Offshore foundations are often used as a suitable alternative to which similar type of arrangement?

  1. Limited liability partnerships
  2. Credit unions
  3. Trusts
  4. SICAVs

Answer(s): C

Explanation:

Offshore foundations are often used as alternatives to trusts, particularly in civil law jurisdictions where the concept of a trust may not be legally recognized. Like trusts, offshore foundations can be used for asset protection, estate planning, and wealth management, but they have a different legal structure and are typically governed by a charter and regulations.



Viewing Page 1 of 14



Share your comments for CISI ICWIM exam with other users:

Karim 10/8/2023 8:34:00 PM

good questions, wrong answers
Anonymous


Itumeleng 1/6/2024 12:53:00 PM

im preparing for exams
Anonymous


MS 1/19/2024 2:56:00 PM

question no: 42 isnt azure vm an iaas solution? so, shouldnt the answer be "no"?
Anonymous


keylly 11/28/2023 10:10:00 AM

im study azure
Anonymous


dorcas 9/22/2023 8:08:00 AM

i need this now
Anonymous


treyf 11/9/2023 5:13:00 AM

i took the aws saa-c03 test and scored 935/1000. it has all the exam dumps and important info.
UNITED STATES


anonymous 1/11/2024 4:50:00 AM

good questions
Anonymous


Anjum 9/23/2023 6:22:00 PM

well explained
Anonymous


Thakor 6/7/2023 11:52:00 PM

i got the full version and it helped me pass the exam. pdf version is very good.
INDIA


sartaj 7/18/2023 11:36:00 AM

provide the download link, please
INDIA


loso 7/25/2023 5:18:00 AM

please upload thank.
THAILAND


Paul 6/23/2023 7:12:00 AM

please can you share 1z0-1055-22 dump pls
UNITED STATES


exampei 10/7/2023 8:14:00 AM

i will wait impatiently. thank youu
Anonymous


Prince 10/31/2023 9:09:00 PM

is it possible to clear the exam if we focus on only these 156 questions instead of 623 questions? kindly help!
Anonymous


Ali Azam 12/7/2023 1:51:00 AM

really helped with preparation of my scrum exam
Anonymous


Jerman 9/29/2023 8:46:00 AM

very informative and through explanations
Anonymous


Jimmy 11/4/2023 12:11:00 PM

prep for exam
INDONESIA


Abhi 9/19/2023 1:22:00 PM

thanks for helping us
Anonymous


mrtom33 11/20/2023 4:51:00 AM

i prepared for the eccouncil 350-401 exam. i scored 92% on the test.
Anonymous


JUAN 6/28/2023 2:12:00 AM

aba questions to practice
UNITED STATES


LK 1/2/2024 11:56:00 AM

great content
Anonymous


Srijeeta 10/8/2023 6:24:00 AM

how do i get the remaining questions?
INDIA


Jovanne 7/26/2022 11:42:00 PM

well formatted pdf and the test engine software is free. well worth the money i sept.
ITALY


CHINIMILLI SATISH 8/29/2023 6:22:00 AM

looking for 1z0-116
Anonymous


Pedro Afonso 1/15/2024 8:01:00 AM

in question 22, shouldnt be in the data (option a) layer?
Anonymous


Pushkar 11/7/2022 12:12:00 AM

the questions are incredibly close to real exam. you people are amazing.
INDIA


Ankit S 11/13/2023 3:58:00 AM

q15. answer is b. simple
UNITED STATES


S. R 12/8/2023 9:41:00 AM

great practice
FRANCE


Mungara 3/14/2023 12:10:00 AM

thanks to this exam dumps, i felt confident and passed my exam with ease.
UNITED STATES


Anonymous 7/25/2023 2:55:00 AM

need 1z0-1105-22 exam
Anonymous


Nigora 5/31/2022 10:05:00 PM

this is a beautiful tool. passed after a week of studying.
UNITED STATES


Av dey 8/16/2023 2:35:00 PM

can you please upload the dumps for 1z0-1096-23 for oracle
INDIA


Mayur Shermale 11/23/2023 12:22:00 AM

its intresting, i would like to learn more abouth this
JAPAN


JM 12/19/2023 2:23:00 PM

q252: dns poisoning is the correct answer, not locator redirection. beaconing is detected from a host. this indicates that the system has been infected with malware, which could be the source of local dns poisoning. location redirection works by either embedding the redirection in the original websites code or having a user click on a url that has an embedded redirect. since users at a different office are not getting redirected, it isnt an embedded redirection on the original website and since the user is manually typing in the url and not clicking a link, it isnt a modified link.
UNITED STATES