[Sep 16, 2025] ICWIM PDF Recently Updated Questions Dumps to Improve Exam Score [Q88-Q108]

Q88. Why should standard deviation, as a measure of volatility, not be used on its own?

Q89. The Return on Capital Employed (ROCE) ratio can be used to:

Q90. An investor deposits £1,000 into an account that pays 3% per annum. If interest is compounded annually, how much will be in the account after 5 years?

Q91. An execution-only sale usually means a sale where there is an absence of:

Q92. When a hedge fund puts together an equity arbitrage position, it will seek to balance respective:

Q93. The return on a whole-of-life unit-linked policy is:

Q94. A bullet bond portfolio can have an advantage over a barbell bond portfolio because:

Q95. An economy with two consecutive quarters of negative growth is considered to be in what phase of the economic cycle?

Q96. Your client estimates that they will require £50,000 of income annually to live off when they retire. Personal plus state pension will provide £40,000. They wish to retire in 25 years’ time. It is estimated that they can earn 5% per annum, and inflation has been forecast at 2%. Interest rates are currently 1.5%. Allowing for inflation, what lump sum would they need to accrue to supplement their pension?

Q97. In economics, costs are defined as:

Q98. When analysing rates of return, why is a short-dated government bond considered to be the risk-free rate?

Q99. Critical illness cover will pay a lump sum in the event that a person suffers:

Q100. A market which employs an electronic order book to match buyers with sellers in strict order by price is known as:

Q101. Which of the following underlies the pillars of risk tolerance?

Q102. If a company’s Economic Value Added (EVA) is negative, this means that:

Q103. An investor would regard a company’s Interest Cover ratio as significant because it provides:

Q104. Which type of trading system employs market makers?

Q105. A firm decides that it would be inappropriate to make derivative recommendations to a particular client. It is likely that the client has been categorised as:

Q106. Which of the following forms part of the Financial Planning Standards Board’s six-step process for financial planning?

Q107. The Financial Action Task Force (FATF) was created to:

Q108. What fiduciary responsibility does a financial adviser have for their clients?