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Chartered Investment Counselor (CIC)

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About this Exam

Prepare with the Chartered Investment Counselor (CIC) practice quiz. This question bank includes 30 questions covering investment, client, counselor, portfolio, and firm. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
A 35-year-old surgeon has a high income, significant savings, and a multi-decade time horizon until retirement. However, during an initial consultation, she expresses extreme anxiety about stock market volatility and states she 'couldn't sleep at night' if her portfolio value dropped by more than 5%. How should a Certified Investment Counselor (CIC) BEST characterize this client's risk tolerance?
Low ability and low willingness to take risk.
High ability but low willingness to take risk.
High ability and high willingness to take risk.
Low ability but high willingness to take risk.
Question 2
When constructing a client's Investment Policy Statement (IPS), which of the following constraints would specifically address a client's desire to exclude companies involved in the production of tobacco and fossil fuels?
Liquidity
Legal and Regulatory
Time Horizon
Unique Circumstances
Question 3
A retired couple, both age 72, state that their primary investment objective is to ensure their portfolio can fund their living expenses indefinitely while leaving the initial principal intact for their heirs. Which investment objective does this statement MOST accurately represent?
Total Return
Capital Appreciation
Capital Preservation
Speculation
Question 4
A new client couple, both in their early 50s, have two primary investment goals: 1) Aggressively grow a portfolio to fund a comfortable retirement in 15-20 years. 2) Set aside funds for a down payment on a vacation home they wish to purchase in 2 years. What is the MOST significant challenge a CIC faces in reconciling these goals?
The goals require conflicting time horizons and necessitate different levels of risk.
It is impossible to pursue both capital appreciation and capital preservation simultaneously.
The clients' tax bracket will make achieving both goals inefficient.
Selecting appropriate investments for a two-year time frame is overly complex.
Question 5
Which type of investment goal is MOST appropriately defined in real, inflation-adjusted terms?
A speculative goal to triple an investment in a high-risk asset.
A long-term retirement funding goal.
A short-term liquidity goal for an emergency fund.
An intermediate goal to save for a new car in three years.

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Additional Information

Chartered Investment Counselor (CIC)

This practice set contains 30 questions from the matching question bank and focuses on investment, client, counselor, portfolio, and firm. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 30 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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