CISI CHAPTER 1 questions and answers
What developing theme within the financial services sector is most likely to lead an
investment company to consider sustainability ? - Answer -Environmental, social and
governance factors
An investment strategy generated via robo-advice tends to be: - Answer -Passively
focused
Which of the following activities is carried out by the retail sector? - Answer -Provision of
deposit accounts
The international capital market association is a trade body primarily representing
providers of which type of financial instrument - Answer -Bonds
Which one of the following financial services is normally provided within the retail
sector? - Answer -Life assurance provision
What term is used to describe the type of advice a customer might expect from an
adviser who is using a narrow range of products? - Answer -Restricted
Where a sale is completed on an execution-only basis. What key factor is missing from
the transaction? - Answer -Financial advice
A mutually owned organisation offering banking services to individual customers is
typically described as which ONE of the following? - Answer -Savings institutions
A bank that specialises in corporate finance and advisory work, securities trading and
investment management is generally known as? - Answer -An investment bank
A custodian bank will typically look after securities on behalf of which of the following? -
Answer -Fund managers, pension funds and insurance companies
If a customer arranges to sell their unit trust holding without obtaining any form of
advice, this is normally known as what type of transaction? - Answer -Execution-only
What developing theme within the financial services sector is most likely to lead an
investment company to consider sustainability ? - Answer -Environmental, social and
governance factors
An investment strategy generated via robo-advice tends to be: - Answer -Passively
focused
Which of the following activities is carried out by the retail sector? - Answer -Provision of
deposit accounts
The international capital market association is a trade body primarily representing
providers of which type of financial instrument - Answer -Bonds
Which one of the following financial services is normally provided within the retail
sector? - Answer -Life assurance provision
What term is used to describe the type of advice a customer might expect from an
adviser who is using a narrow range of products? - Answer -Restricted
Where a sale is completed on an execution-only basis. What key factor is missing from
the transaction? - Answer -Financial advice
A mutually owned organisation offering banking services to individual customers is
typically described as which ONE of the following? - Answer -Savings institutions
A bank that specialises in corporate finance and advisory work, securities trading and
investment management is generally known as? - Answer -An investment bank
A custodian bank will typically look after securities on behalf of which of the following? -
Answer -Fund managers, pension funds and insurance companies
If a customer arranges to sell their unit trust holding without obtaining any form of
advice, this is normally known as what type of transaction? - Answer -Execution-only
