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CISI International Certificate in Wealth & Investment Management Sample Questions:

1. Who is responsible for developing international standards for combating terrorist financing?

A) Wolfsberg Group of Banks
B) Financial Conduct Authority
C) United Nations
D) Financial Action Task Force

2. A business may need key person protection because:

A) It is a very small business
B) Its profits are very seasonal
C) It is to cover a very significant customer
D) The business relies on the input of an individual

3. How do imports and exports affect the Gross Domestic Product (GDP) calculation?

A) Imports and exports are ignored as they only affect Gross National Product (GNP)
B) Imports are added and exports are subtracted
C) Exports are added and imports are ignored
D) Imports are subtracted and exports are added

4. In the short run, labour and raw materials are:

A) Variable costs
B) Average costs
C) Fixed costs
D) Marginal costs

5. Personal accident policies will pay out:

A) Following a waiting period
B) Once the insured has been seen by a doctor
C) Once the insurance company has received the medical documentation
D) On the day of the accident

Solutions: