ICWIM無料問題集「CISI International Certificate in Wealth & Investment Management」

質問 1

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）Variable costs are now negligible

（B）Fixed costs are likely to fall

（C）The market has become saturated

（D）Productive capacity is constrained

正解：D 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 2

Which of the following is a money laundering offence?

（A）Concealing

（B）Avoiding

（C）Producing

（D）Developing

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 3

Why would a composite benchmark be needed to measure portfolio performance?

（A）Because the portfolio spans several asset classes

（B）It makes it easier for the fund manager

（C）Because the portfolio forms part of the investment universe

（D）To lower the tracking error

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 4

Which of the following types of funds is able to cancel units?

（A）Investment trust

（B）Closed-ended

（C）Open-ended

（D）Split capital trust

正解：C 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 5

Tax relief that can be claimed to prevent overseas profits being taxed twice is known as:

（A）Overseas Taxation Relief

（B）Dividend Taxation Relief

（C）Double Taxation Relief

（D）Double Taxation Agreement

正解：C 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 6

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

（A）Trusts

（B）SICAVs

（C）Credit unions

（D）Limited liability partnerships

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 7

The coupon on a bond has been expressed in real terms, rather than as a nominal amount. This is because:

（A）It is an unsecured instrument

（B）It is an inflation-linked bond

（C）Its redemption date is longer than 10 years

（D）It is a bearer bond

正解：B 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 8

The management of investment portfolios of collective investment schemes, pension funds, insurance funds, hedge funds, and private equity would normally be considered to fall into the scope of:

（A）Private banking

（B）The wholesale financial sector

（C）Family offices

（D）The retail financial sector

正解：B 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 9

Shareholder protection ensures sufficient funds are available to purchase the shareholding of a major shareholder on their death. It does this by:

（A）Being written into the Articles of Association

（B）Providing term assurance to all of the company's employees

（C）Investing in the shares of the company

（D）Establishing a policy on each of the shareholding directors' lives

正解：D 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 10

What term is used to describe a situation where clients give investment instructions to a firm without being given advice to do so?

（A）Robo-advice

（B）Discretionary

（C）Non-discretionary

（D）Execution-only

正解：D 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

ICWIM 無料問題集「CISI International Certificate in Wealth & Investment Management」

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