[Mar-2025] Latest ICWIM Exam Dumps for Pass Guaranteed [Q36-Q58]

QUESTION 36
Your client estimates that they will require £40,000 of income annually to live off when they retire. Personal plus state pension will provide £35,000. They wish to retire in 20 years’ time. It is estimated that they can earn
3% per annum and inflation has been forecast at 2% over the next 20 years. Interest rates are currently 1.5%.
Allowing for inflation, what lump sum would they need to accrue to supplement their pension?

QUESTION 37
If someone in a fiduciary position has personal or professional interests that compete with their duty to act in the client’s best interest, this is called:

QUESTION 38
How do imports and exports affect the Gross Domestic Product (GDP) calculation?

QUESTION 39
“An approach which applies a theoretical price to a company’s shares by discounting the company’s expected future cash flow into infinity.” This statement is describing the:

QUESTION 40
An investor would regard a company’s interest cover ratio as significant as it provides:

QUESTION 41
Treasury bills are normally issued with a minimum maturity of:

QUESTION 42
According to Modern Portfolio Theory (MPT), portfolios below the efficient frontier are not efficient because:

QUESTION 43
A non-profit, whole-of-life assurance policy, will pay:

QUESTION 44
What is the most likely effect on the demand curve of an increase in consumer preference for a good?

QUESTION 45
Which one of the following would cause a shift to the right in aggregate demand?

QUESTION 46
An execution-only sale usually means a sale where there is an absence of:

QUESTION 47
If two sets of data have a correlation coefficient of 1.0, they possess:

QUESTION 48
Once a company reaches the point known as the minimum efficient scale, the “theory of the firm” suggests that the company should:

QUESTION 49
Tax relief that can be claimed to prevent overseas profits being taxed twice is known as:

QUESTION 50
Why might a custom benchmark be required when measuring portfolio performance?

QUESTION 51
A professional trader was given some price-sensitive, unpublished information in relation to a major grain supplier. As a direct result, they buy futures contracts on grain. Have they committed the offence of insider trading?

QUESTION 52
For what reason is holding bearer shares potentially disadvantageous?

QUESTION 53
Offshore foundations are often used as a suitable alternative to which similar type of arrangement?

QUESTION 54
A firm has an existing client who is the head of a foreign state. What type of due diligence should the firm undertake if the client’s spouse applies to become a client?

QUESTION 55
Performance attribution analysis attempts to explain why a portfolio had a certain return. It does so by breaking down the performance and attributing the results based on the decisions made by the fund manager on which of the following?

QUESTION 56
An economy with two consecutive quarters of negative growth is considered to be in what phase of an economic cycle?

QUESTION 57
A business may need key person protection because:

QUESTION 58
If a hedge fund is engaging in equity arbitrage, it is likely that they are pursuing: