CFA考试一级章节练习题精选0331-30(附详解)

1、5CFA考试一级章节练习题精选0331-30 (附详解)单选题】1、 Caleb Smith, CFA, is an investment advisor and manages the portfolios of severalhigh-net-worth individuals.To comply with the Standards of ProfessionalConductrelating to suitability, at the inception of the client relationship, Smith must:A. gather client informati

2、on including the client's financial circumstances, personaldata that are relevant to investment decisions, attitudes towards risk, andobjectives in investing.B. invest in a manner consistent with the stated mandate.C. consider the possibilities of rapidly changing investment environments andthei

3、r likely impact on a client's holdings.正确答案 :A答案解析：当CFA会员为客户提供投资服务之前，先要了解客户的财务状况、与投资决策相关的个人信息、对于风险的态度以及投资目标，也就是制定 客户的投资策略说明书(Investment Policy Statements，简称IPS),然后再为客户选择所适合的投资，同时注意周期性更新投资策略说明书。如果不是管理单个客户的资产，而是管理某个指数或者特定要求的基金，则需要与所设定的要求相符合。CFA会员必须考虑迅速变化的投资环境及其对客户持有资产可能带来的影响，但这并不是与客户建立关系的时候所要做的事情。

4、1、 Which of the following statements about the Global Investment PerformanceStandards ( GAPS?) is NOT accurate? The GAPS? standards require thatacomposite: 【单选题】A. is selected according to pre-established criteria.B. is an aggregation of one or more portfolios managed according to a similarinvestmen

5、t mandate, objective or strategy.C. include a statement referring to the performance of a single, existing clientportfolio as being "calculated in accordance with the GlobalInvestmentPerformance Standards".正确答案 :C答案解析：因为遵守 GAPS汜经遵守其所规定的计算方法，所以无须说明”。是根据GAPS?来计算的”。GAPS淒求组合群的构建是根据之前所设定好的标准，题目

6、中选项 B 是对组合群的定义。1、Ian O ' Sullivan, CFA, is the owner and sole employee of two companies, a public relations firm and a financial research firm. The public relations firm enteredinto a contract with Mallory Enterprises to provide public relations services, with O' Sullivan receiving 40,000 sh

7、ares of Mallory stock in paymeOver the next 10 days, the public relations firm issued several press releases that discussed Mallory's excellent growth prospects. Ofinancial research firm, also published a research report recommending Mallory stock as abuy. ” According to the CFA Institute Standa

8、rds oConduct, O ' Sullivan is most likely required to disclose his ownership of Mallory stock in the： 【单选题】A.press releases only.B.research report only.C.both the press release and the research report.正确答案 ：C” , CFA Institute答案解析 : “ Guidance for Standards I-VII 2009 Modular Level I, Vol. 1, pp.

9、 21-26, 89-91Study Session 1 2 - aDemonstrate a thorough knowledge of the Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to situations involving's objectivity. Standardissues of professional integrity.C is correct because members should disclose all matte

10、rs that reasonably could be expected to impair the member 1、 Vishal Chandarana, an unemployed research analyst, recently registered for the CFA Level I exam.After two months of intense interviewing, he accepts a job with a stock brokerage company in adifferent region of the country. Chandarana posts

11、 on a blog how being a CFA candidate reallyhelped him get a job. He also notes how relieved he was when his new employer did not ask himabout being fired from his former employer. Which CFA Institute Standards of ProfessionalConductdid Chandarana least likely violate? 【单选题】A. Loyalty to EmployersB.

12、Reference to CFA Institute, the CFA Designation, and the CFA ProgramC. Misconduct正确答案 :B答案解析 :There is no evidence Chandarana violated Standard VII(B)-Reference to CFA Institute, the CFADesignation, and the CFA Program with regard to his being a CFA candidate. Specifically,Chandarana does not overst

13、ate his competency or imply he will achieve superior performance as aresult of his CFA designation. It does appear, however, Chandarana did not act with integrity when hehid information that could potentially harm his new employer s reputation, thus violating StandardI(D)-Misconduct and Standard IV(

14、A)-Loyalty.CFA Level I"Guidance for Standards l-VII"Standard VII(B)-Reference to CFA Institute, the CFA Designation, and the CFA Program, StandardI(D)-Professionalism, Standard IV(A)-Duty to Employers 1、 Jenny Hein, CFA, is a research analyst covering a mining industry.Hein hasprepared a r

15、esearch report on one mining company based on research from a单选题】varietyof sources and other analysts.Hein combines these materials to form her ownopinion and completes the report without acknowledge her sources in her report.Then Hein distributes the report to her clients.Has Jenny most likely violated theStandards of Profession