CISI ICWIM - International Certificate in Wealth and Investment Management Exam
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Total 178 questions
Question #6 (Topic: Exam A)
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. The market has become saturated
C. Variable costs are now negligible
D. Productive capacity is constrained
Answer: D
Question #7 (Topic: Exam A)
An economy with two consecutive quarters of negative growth is considered to be in what phase of an economic cycle?
A. Recession
B. Slump
C. Depression
D. Inflationary
Answer: A
Question #8 (Topic: Exam A)
Offshore foundations are often used as a suitable alternative to which similar type of arrangement?
A. Limited liability partnerships
B. Credit unions
C. Trusts
D. SICAVs
Answer: C
Question #9 (Topic: Exam A)
What is the main source of funding for private equity firms?
A. Institutional investment
B. Management buyouts
C. Initial public offerings
D. Placings
Answer: A
Question #10 (Topic: Exam A)
Why would an investment manager conduct forward looking security attribution?
A. In order to calculate future profits
B. To establish where future risks lie
C. To quantify next year's annual charge
D. In order to establish by how much they need to outperform the benchmark
Answer: B
