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CII J10 · Discretionary Investment Management
Practice questions built for the J10 exam — learning outcome by learning outcome
J10-style multiple choice questions across all 15 syllabus learning outcomes. Scenario-based questions on client objectives, asset classes, discretionary mandates, portfolio theory, yields and accounts — with instant feedback and progress tracking so you revise the way the exam actually tests you.
10 free questions · No account required.
Built for J10 candidates
Whether you are starting J10 Discretionary Investment Management or returning to the syllabus, this resource helps you practise the way the exam is assessed.
Exam-format questions
Standard multiple choice with four options (a–d) — the same core format as the J10 paper.
Syllabus aligned
All 15 learning outcomes from the CII J10 specification — objectives, asset classes, discretionary management, portfolio theory, performance measurement and accounts.
Learn from every answer
See whether you were right or wrong immediately, with a short explanation after each question.
Full syllabus coverage
Every J10 learning outcome is available as its own practice test. Work through topics as you study, or sit the full 90-question exam when you are ready. Browse all learning outcomes — free daily practice on any topic.
Full J10 practice exam
90 questions across all learning outcomes — the same length as the real exam
- All 15 learning outcomes
- 70 MCQs + 4 case studies
- Exam conditions (2 hours)
LO 1 — Client investment objectives
Syllabus outcome 1.1 · 4 exam questions*
- Income, growth and liquidity
- Risk, capacity for loss and ESG
LO 2 — Asset classes and wrappers
Syllabus outcomes 2.1–2.2 · 8 exam questions*
- Cash, bonds, equities and property
- ISAs, collectives and pensions
LO 3 — Role of the investment manager
Syllabus outcome 3.1 · 6 exam questions*
- Strategy, constraints and review
- Client reporting
LO 4 — Discretionary and advisory management
Syllabus outcome 4.1 · 5 exam questions*
- Mandate and authority
- Fiduciary responsibilities
LO 5 — Fund objectives and approaches
Syllabus outcome 5.1 · 2 exam questions*
- Open and closed-ended funds
- Active versus passive
LO 6 — Economics
Syllabus outcome 6.1 · 5 exam questions*
- Inflation and the economic cycle
- Policy and portfolio decisions
LO 7 — Investment risk
Syllabus outcome 7.1 · 7 exam questions*
- Volatility and permanent loss
- Inflation and shortfall
LO 8 — Modern portfolio theory
Syllabus outcome 8.1 · 7 exam questions*
- Asset allocation
- Diversification and optimisation
LO 9 — Indices and performance
Syllabus outcome 9.1 · 12 exam questions*
- Total return and yields
- Benchmarks and risk
LO 10 — Data and regression
Syllabus outcomes 10.1–10.2 · 2 exam questions*
- Averages and dispersion
- Correlation and regression
LO 11 — Financial mathematics
Syllabus outcome 11.1 · 2 exam questions*
- Compound interest and present value
- NPV and IRR
LO 12 — Accounts and ratios
Syllabus outcomes 12.1–12.2 · 7 exam questions*
- Balance sheet, profit and cash flow
- EPS, P/E and the quick ratio
LO 13 — Information and disclosure
Syllabus outcomes 13.1–13.2 · 3 exam questions*
- Regulatory reporting
- Research, news and bias
LO 14 — Performance case studies
Learning outcomes 14.1–14.2 · 10 case-study questions*
- Risk and return in a case
- Portfolio construction
LO 15 — Accounts case studies
Learning outcomes 15.1–15.2 · 10 case-study questions*
- Compare financial statements
- Compare ratios across companies
How it works
Three steps — no complicated setup.
Step 1
Unlock full access (3 day free trial)
Add your card on secure checkout, then set your password when you return.
Step 2
Choose a topic
Select a learning outcome, sub-topic, or the full 90-question exam.
Step 3
Practise and review
Answer J10-style questions, read explanations, and track your scores over time.
What other J10 candidates say
Early feedback from people using the site to prepare for their exam.
“J10 covers a lot of ground — yields, portfolio theory and the accounts. Being able to drill each learning outcome separately made a real difference.”
“The scenario questions feel closer to the real paper than generic regulation quizzes — applied client and firm contexts, not just definitions.”
“The difference between a flat yield and a redemption yield used to blur together for me. The explanations after each question sorted that out.”
Try a free sample
10 free J10-style questions with explanations — no account required. The monthly plan unlocks every learning outcome and the full 90-question exam.
Try a free sample
10 free questions · No account required.