[2026] Pass ICWIM Exam – Real Questions & Answers [Q87-Q106]

NO.87 What financial principle requires an adviser to gather extensive information from a client before making a recommendation?

NO.88 How does standard deviation provide investors with a measure of historical volatility?

NO.89 The concept of the Sharpe ratio is to measure the:

NO.90 Which of the following elements would be included in a recommendation report to a client?

NO.91 A fiduciary relationship normally arises between:

NO.92 A market that employs an electronic order book to match buyers with sellers in strict order by price is known as:

NO.93 Which of the following is a money laundering offence?

NO.94 An investor with $900,000 of investable assets would normally be categorised as:

NO.95 An investor would regard a company’s interest cover ratio as significant as it provides:

NO.96 Which of the following underlies the pillars of risk tolerance?

NO.97 Negotiable bearer securities issued by commercial banks in exchange for fixed-term deposits are known as:

NO.98 Which type of fund makes a single daily transaction?

NO.99 An investor deposits £1,000 into an account that pays interest at the rate of 3% per year. If the interest is credited to the account at the end of the year and the investor leaves the money in the account for 5 years, how much money will be in the account at the end of the fifth year?

NO.100 Why do investors demand a risk premium?

NO.101 Critical illness cover will pay a lump sum in the event that a person suffers:

NO.102 It is impossible to diversify against:

NO.103 Which one of the following is true of fundamental analysis? It seeks to establish:

NO.104 Which of the following is categorised as a soft commodity?

NO.105 One benefit of the Rules-Based model of regulation is that it:

NO.106 Measures of Central Tendency include a method whereby a set of numbers are multiplied and then the nth root of the resulting product is taken. This is known as the: