UK candidate context
CISI International Introduction to Securities & Investment is an international qualification used by UK finance professionals; connect the global syllabus to UK roles while keeping the official CISI learning objectives as the exam boundary. Check current UK booking options in MyCISI and use pounds only for ExamsPrep UK course purchases; official CISI examination fees are separate.
- Questions
- 50
- Time
- 60 minutes
- Pass mark
- 70%
- Average pace
- 1.2 min/question
- Study range
- 30–40 focused hours
- Primary challenge
- broad investment foundations
How to use this mini test
- Set a timer based on the average pace shown above.
- Choose one answer before opening the explanation.
- For every error, write the rule or calculation step you missed.
- Retest the same concept with a different question after 24 hours.
Five free IISI practice questions
Which category represents the largest share of outstanding derivatives by notional amount?
- Interest-rate derivatives
- Commodity contracts
- Equity-linked contracts
- Weather derivatives
Show answer and explanation
Answer: A. Interest-rate derivatives
Interest-rate derivatives, particularly swaps, dominate the market by notional amount.
A bond pays an annual coupon of 8 per 100 nominal and trades at 125. What is its flat yield?
- 4%
- 6.4%
- 8%
- 10%
Show answer and explanation
Answer: B. 6.4%
Flat yield = annual coupon ÷ price × 100 = 8 ÷ 125 × 100 = 6.4%.
An investment trust trades at £2.30 while NAV per share is £2.00. What is the premium to NAV?
- 7.5%
- 13%
- 15%
- 30%
Show answer and explanation
Answer: C. 15%
Premium = (£2.30 − £2.00) ÷ £2.00 × 100 = 15%.
What is a 'breeder document' in identity crime?
- A company annual report
- A document used to obtain further identity documents
- A regulator's licence
- A credit-rating report
Show answer and explanation
Answer: B. A document used to obtain further identity documents
A breeder document helps construct a credible identity history by enabling the holder to obtain additional documents.
Which protection is specifically designed to help a borrower maintain mortgage repayments after covered loss of income?
- Public liability insurance
- Mortgage payment protection
- Travel insurance
- Contents insurance
Show answer and explanation
Answer: B. Mortgage payment protection
Mortgage payment protection is designed around covered repayment interruption; it may sit alongside life or term assurance.
What your score means
| Score | Interpretation | Next move |
|---|---|---|
| 5/5 | Strong on this small sample | Take a timed mixed mock |
| 3–4/5 | Useful base with identifiable gaps | Drill the missed topics |
| 0–2/5 | Concept recall is not secure yet | Return to the relevant workbook objectives |
Five questions cannot predict a 50-question result. They are a diagnostic, not a pass guarantee.
Continue with the real demo engine
The free course demo uses the same maintained course data and exam interface as the full platform. You can practise under timed conditions, submit the paper and review explanations without creating a duplicate question bank on this article.
Open the free IISI mockSources and editorial method
Exam structure and chapter labels were checked against the Official CISI qualifications navigator and candidate updates. Candidates should also review the CISI Candidate Update before sitting the exam because workbook amendments and testing windows can change.
Our editorial team begins with the current syllabus and official candidate information, then separates verified exam facts from ExamsPrep UK study guidance. We use original examples rather than recalled or copied examination questions. Before an article is published, its key facts, internal links, visible FAQs and structured data are checked together so search summaries do not contradict the page. We also check that every recommended action is specific enough for a candidate to use in a real study session. When an official source changes, we update the affected fact without rewriting unrelated advice or changing a stable URL unnecessarily. Readers can use the source links above to verify the current position for their own booking and syllabus version.
Last fact-check: 4 August 2026. UK exam fees, test-centre or remote-delivery availability and booking policies can change; the live MyCISI flow is the final source of truth.
Frequently asked questions
Are these IISI questions free?
Yes. The five questions and explanations on this page are free, and the linked course demo provides a larger timed sample in the shared ExamsPrep UK engine.
Are these official CISI questions?
No. They are original syllabus-aligned practice questions. CISI does not endorse or provide these questions, and they should be used alongside the current official material.
How many questions are in the real IISI exam?
The real exam has 50 multiple-choice questions in 60 minutes, with a 70% pass mark.
How many practice questions should I complete?
There is no magic count. Continue until unseen full-mock scores are consistently 80% or higher and no chapter remains below 70%.