IMC Unit 1 Study Guide | Mathematics Competition Fundamentals & Practice
Questions 2026
Proceeds of crime act - ANS ✔✔Money laundering comes under which act?
4 - ANS ✔✔How many years must records be kept for after a firm ceases to do business with a
client?
£200,000 - ANS ✔✔What is the maximum amount that you can receive tax relief on from a
venture capital investment?
30% - ANS ✔✔What is the rate of tax relief available on venture capital investments?
£100,000 - ANS ✔✔What is the maximum investment in SEIS in order to receive tax relief?
50% - ANS ✔✔What is the rate of tax relief on a SEIS?
£1,000,000 - ANS ✔✔What is the maximum amount of Social Investment that can be used to
claim tax relief?
30% - ANS ✔✔What is the rate of income tax relief on social investment?
5 years - ANS ✔✔How long must records be kept for the cancellation of a life policy?
6 years - ANS ✔✔How long must records be kept for a life policy?
10 years - ANS ✔✔How long is the maximum sentence for bribery?
, Financial Policy Comitee - ANS ✔✔Who controls the financial stability of the U.K.?
Monetary policy comitee - ANS ✔✔Who controls interest rates in the U.K.?
30% - ANS ✔✔What is the tax relief available on a EIS investment?
£1,000,000 - ANS ✔✔What is the maximum investment in order to claim tax relief on a EIS
investment?
Underwriting - ANS ✔✔What is an ancillary service?
Capital Risk - ANS ✔✔The risk that the value of an investment may go down is?
High capital risk, low shortfall risk - ANS ✔✔What is the capital risk and shortfall risk of an
equity investment?
Past, present and future - ANS ✔✔Trading losses can be offset in what tax years?
Market Depth - ANS ✔✔A measure of the size and order that is needed to move the market
Liquidity risk - ANS ✔✔The risk of not being able to sell quickly with the potential for loss of
valie
Informational efficiency - ANS ✔✔Where Trading leads to asset prices reflecting all relevant
information about the asset
Questions 2026
Proceeds of crime act - ANS ✔✔Money laundering comes under which act?
4 - ANS ✔✔How many years must records be kept for after a firm ceases to do business with a
client?
£200,000 - ANS ✔✔What is the maximum amount that you can receive tax relief on from a
venture capital investment?
30% - ANS ✔✔What is the rate of tax relief available on venture capital investments?
£100,000 - ANS ✔✔What is the maximum investment in SEIS in order to receive tax relief?
50% - ANS ✔✔What is the rate of tax relief on a SEIS?
£1,000,000 - ANS ✔✔What is the maximum amount of Social Investment that can be used to
claim tax relief?
30% - ANS ✔✔What is the rate of income tax relief on social investment?
5 years - ANS ✔✔How long must records be kept for the cancellation of a life policy?
6 years - ANS ✔✔How long must records be kept for a life policy?
10 years - ANS ✔✔How long is the maximum sentence for bribery?
, Financial Policy Comitee - ANS ✔✔Who controls the financial stability of the U.K.?
Monetary policy comitee - ANS ✔✔Who controls interest rates in the U.K.?
30% - ANS ✔✔What is the tax relief available on a EIS investment?
£1,000,000 - ANS ✔✔What is the maximum investment in order to claim tax relief on a EIS
investment?
Underwriting - ANS ✔✔What is an ancillary service?
Capital Risk - ANS ✔✔The risk that the value of an investment may go down is?
High capital risk, low shortfall risk - ANS ✔✔What is the capital risk and shortfall risk of an
equity investment?
Past, present and future - ANS ✔✔Trading losses can be offset in what tax years?
Market Depth - ANS ✔✔A measure of the size and order that is needed to move the market
Liquidity risk - ANS ✔✔The risk of not being able to sell quickly with the potential for loss of
valie
Informational efficiency - ANS ✔✔Where Trading leads to asset prices reflecting all relevant
information about the asset
