CFA Level1经典模拟试题1200道Word格式.docx

1、 A on her years of experience as an analyst in the business that an investment looks likeit has lots of potential B Allof these An investment manager recommends to a prospective client an investment in C mortgage IO strips because they are guaranteed by an agency of the federal government A broker s

2、ays XYZ stock is 100 guaranteed to double in value over the next six D months Question2 - 28161 According to AIMRs Standards of Professional Conduct Standard I B Fundamental Responsibilities members shall not knowingly participate or assist in legal and ethical violations An analyst must report all

3、legal violations to the proper regulatory commission and is held A responsible for participating in illegal acts when the law is evident to anyone knowing the law is held responsible for violations by others when the analyst is unaware of the facts B giving rise to the violation is held responsible

4、for participating in illegal acts when the law is evident to anyone C knowing the law and can participate in a violation by having knowledge of the violation and taking no action to stop it or disassociate from it D knowing the law and is held responsible for violations by others when the analyst is

5、 unaware of the facts giving rise to the violation Question3 - 28162 Which of the following is a violation based on AIMRs Standards of Professional Conduct A portfolio manager accepts free trades from XYZ for her personal account for directing the portfolios trades to XYZ She does not inform her man

6、ager since there is no cashinvolved After informing his manager a portfolio manager accepts money for giving a broker information relating toa clients financial standing A portfolio manager is offered a free vacation to increase performance At the end C of the year performance is up and the manager

7、accepts the vacation after informing his manager of the fact A portfolio manager is unexpectedly offered a vacation at year-end from a client D who was pleased with their portfolios performance The manager accepts the vacation after informing her manager of the fact Question4 - 28165 B mortgage IO s

8、trips because they are guaranteed by an agency of the federal C D Allof these Question5 - 28167 NOT Which one of the following is NNOOTT consistent with AIMRs Performance Presentation Standards A Cash and cash equivalents must be included in composite returns All actual fee paying discretionary port

9、folios should be included in at least one composite Investment performance is the record of the manager not the firm all changes in C personnel should be accounted for by adjusting the composites performance history Presentation of performance may be either gross or net of investment management fees

10、 as long as the method and the fee schedule are disclosed Question6 - 28168 Under the Employee Retirement Income Security Act ERISA a person is a fiduciary if he or she has discretionary authority in the administration of the pension plan renders investment advice for a fee with respect to a pension

11、 plans assets exercises any discretionary authority with the management of the pension plan or its assets B has an executive position in the firm sponsoring the pension plan has an executive position in the firm sponsoring the pension plan has discretionary authority in the administration of the pen

12、sion plan exercises any discretionary authority with the management of the pension plan or its assets Question7 - 29219 There are four components of the AIMRCode of Ethics All of the following are part of the EXCEPT Code of Ethics EEXXCCEEPPTT Practiceand encourage others to practicein a professiona

13、l and ethical manner that will reflect credit on members and their profession Strive to maintain and improve the competence of regulatory bodies such as the Securities and Exchange Commission SEC C Strive to maintain and improve the competence of others in the profession D Use reasonable care and ex

14、ercise independent professional judgment Question8 - 29220 AIMRbelieves that a imum level of professional responsibility and conduct dictates that A members be aware of and comply with laws rules and regulations governing their conduct companies should set standards based on the ethics of upper mana

15、gement and the board of directors that firms should comply with all domestic laws and regulations and that these laws C also govern behavior in foreign markets regardless of foreign laws and requirements that a minimum level of professional responsibility and conduct dictates that D members be aware

16、 of and comply with laws rules and regulations governing their Question9 - 29221 TRUE Which of the following statements about the AIMRCode and Standards is TTRRUUEE The Code and Standards require that members report legal violations to the appropriate governmental or regulatory organization do not r

17、equire that members report legal violations to the appropriate governmental or regulatory organization expect members to resign from their jobs to disassociate themselves from clients engaging in illegal activities D expect members to persuade the perpetrator to cease illegal activities Question10-

18、29222 Allof the following are appropriate uses of the CFA designation EEXXCCEEPPTT A Jeremy Salyers CFA B Joanne Silbourne is a CFAcharterholder I as a CFA charterholder expect to outperform the market because CFA C charterholders have on average outperformed the SP in 95 percent of the last 50 year

19、s I have earned the CFA designation by passing three exams having sufficient work experience and becoming a member of AIMR Question11- 29223 Which of the following would NNOOTT violate AIMR 畳 s rules regarding personal integrity and behavior A driving under the influence DUI conviction that results

20、in the loss of ones drivers license for six months B Stealing a car and going to prison for 18 months A misdemeanor conviction that results from lying about your income on your tax return D Cheating on an MBA preliminary exam and being expelled from the University Question12- 29224 When must an anal

21、yst give credit to the firm抯 own research staff for research analysis A When sending printed materials toclients B When discussing research with a client C In a professional witness situation D In inter-office communications Question13- 29225 An AIMR member is NNOOTT required to notify her superviso

22、r in writing of the AIMR Code and Standards under which of the following circumstances The employer has indicated a willingness to adopt AIMRs Code and Standards and the supervisor is an AIMR member The employer has a high ethical standard much of which is reflected in writing in the firms Mission S

23、tatement C The supervisor is an AIMR member The employer has publicly acknowledged in writing that they have adopted the AIMR Code and Standards Question14- 29226 When an AIMRmember who is presently employed by a firm undertakes any independent practice he must do all of the following EEXXCCEEPPTT A

24、 secure written permission from the employer remand a percentage to be determined by the employee and employer of the income earned back to the employer C secure written permission from the outside firm disclosethe identity of their employer to clients and prospective clients and the fact that they

25、are performing independently of the employer Question15- 29227 FALSE Which of the following statements regarding employeeemployer relationships is FFAALLSSEE A A written contract may or may not exist between employer and employee The employer has the power to control and direct the details of how work is to be performed There must be monetary compensation for an employeremployee relationship to exist D An employee is someone in the service of another Ques