CISI EXAM (CHARTERED INSTITUTE FOR
SECURITY &INVESTMENTS) EXAM 2025
WITH ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS
|FREQUENTLY TESTED QUESTIONS AND
SOLUTIONS |ALREADY GRADED
A+|NEWEST|LATEST UPDATE |GUARANTEED
PASS
An LSE member firm which is obliged to offer to buy and sell securities in which it is registered
throughout the mandatory quote period
Market maker
Date when the capital on a bond is repaid
Maturity
The legal document that principally defines a company's powers, or objects, and its' relationship
with the outside world.
Memorandum of association
The combining of 2 or more companies into one new entity
Merger
Economy which works through a combination of market forces and government involvement
Mixed economy
The setting of a short term interest rates by a central bank in order to manage domestic
demand and achieve price stability in the economy
Monetary policy
Committee ran by the BoE which sets interest rates.
1|Page
,MPC (monetary policy committee)
Systems that bring together multiple parties that are interested in buying and selling financial
instruments including shares, bonds and derivatives
Multilateral Trading Facilities (MTFs)
A type of collective investment scheme found in the US
Mutual fund
Participants at Lloyd's of London who form syndicates to write business insurance. Both
individuals and companies can be names
Names
National Association of Securities Dealers Automated Quotations. US market specialising in the
shares of tech companies.
NASDAQ
NASDAQ stock index
NASDAQ Composite
A govt's total outstanding borrowing resulting from financing successive budget deficits, mainly
through the issue of govt back securities
National debt
The main japanese share index
Nikkei 25
The amount of a bond that will be repaid on maturity. Also known as face or par value.
Nominal value
Firm which advises AIM companies on their regulatory responsibilities
Nominated Advisor (NOMAD)
Price at which dealers sell stock. It is also the price quoted by unit trusts that are dual priced for
purchases of units.
Offer Price
To initiate a transaction, e.g., an opening purchase or sale of a future. Normally reversed by a
closing transaction.
2|Page
, Open
Country with no restrictions on trading with other countries
Open economy
Type of investment such as OEICs or unit trusts which can expand without limit.
Open ended
Collective investment vehicle similar to a unit trust. Alternatively described as an ICVC
Open Ended Investment Company (OEIC)
Trading system used by some derivatives exchanges. Participants stand on the floor of the
exchange and call out transactions they would like to undertake.
Open outcry
A derivative giving the buyer the right, but not option to buy or sell an asset.
Option
Derivatives that are no traded on a derivatives exchange, owing to their non-standardised
contract specs
OTC (Over the Counter) derivatives
An investment approach that aims to track the performance of a stock market index. Employed
in those securities markets that are believed to be price efficient.
Passive management
Amount of income that each person can earn each year tax free.
Personal allowance.
First stage of money laundering.
Placement
Platforms are online services such as fund supermarkets and wraps that are used by
intermediaries to view and administer their investment clients' portfolios.
Platform
Shares which pay fixed dividends. They do not have voting rights, but do have priority over
ordinary shares in default situations
3|Page
SECURITY &INVESTMENTS) EXAM 2025
WITH ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS
|FREQUENTLY TESTED QUESTIONS AND
SOLUTIONS |ALREADY GRADED
A+|NEWEST|LATEST UPDATE |GUARANTEED
PASS
An LSE member firm which is obliged to offer to buy and sell securities in which it is registered
throughout the mandatory quote period
Market maker
Date when the capital on a bond is repaid
Maturity
The legal document that principally defines a company's powers, or objects, and its' relationship
with the outside world.
Memorandum of association
The combining of 2 or more companies into one new entity
Merger
Economy which works through a combination of market forces and government involvement
Mixed economy
The setting of a short term interest rates by a central bank in order to manage domestic
demand and achieve price stability in the economy
Monetary policy
Committee ran by the BoE which sets interest rates.
1|Page
,MPC (monetary policy committee)
Systems that bring together multiple parties that are interested in buying and selling financial
instruments including shares, bonds and derivatives
Multilateral Trading Facilities (MTFs)
A type of collective investment scheme found in the US
Mutual fund
Participants at Lloyd's of London who form syndicates to write business insurance. Both
individuals and companies can be names
Names
National Association of Securities Dealers Automated Quotations. US market specialising in the
shares of tech companies.
NASDAQ
NASDAQ stock index
NASDAQ Composite
A govt's total outstanding borrowing resulting from financing successive budget deficits, mainly
through the issue of govt back securities
National debt
The main japanese share index
Nikkei 25
The amount of a bond that will be repaid on maturity. Also known as face or par value.
Nominal value
Firm which advises AIM companies on their regulatory responsibilities
Nominated Advisor (NOMAD)
Price at which dealers sell stock. It is also the price quoted by unit trusts that are dual priced for
purchases of units.
Offer Price
To initiate a transaction, e.g., an opening purchase or sale of a future. Normally reversed by a
closing transaction.
2|Page
, Open
Country with no restrictions on trading with other countries
Open economy
Type of investment such as OEICs or unit trusts which can expand without limit.
Open ended
Collective investment vehicle similar to a unit trust. Alternatively described as an ICVC
Open Ended Investment Company (OEIC)
Trading system used by some derivatives exchanges. Participants stand on the floor of the
exchange and call out transactions they would like to undertake.
Open outcry
A derivative giving the buyer the right, but not option to buy or sell an asset.
Option
Derivatives that are no traded on a derivatives exchange, owing to their non-standardised
contract specs
OTC (Over the Counter) derivatives
An investment approach that aims to track the performance of a stock market index. Employed
in those securities markets that are believed to be price efficient.
Passive management
Amount of income that each person can earn each year tax free.
Personal allowance.
First stage of money laundering.
Placement
Platforms are online services such as fund supermarkets and wraps that are used by
intermediaries to view and administer their investment clients' portfolios.
Platform
Shares which pay fixed dividends. They do not have voting rights, but do have priority over
ordinary shares in default situations
3|Page
