SAIF-CFA试题.doc

CFA试题 1.The least accurate statement about measures of dispersion for a distribution is that the: A. range provides no information about the shape of the data distribution.?B. arithmetic average of the deviations around the mean will always be equal to one.?C. mean absolute deviation will always be less than or equal to the standard deviation.? 2.One is most likely to reject the null hypothesis when the p-value of the test statistic: A. is negative.?B. exceeds a specified level of significance.?C. falls below a specified level of significance.? 3. A recessionary gap is more likely to be observed when: A. real GDP is above potential GDP. ?B. real GDP is below potential GDP. ?C. employment is above full-employment equilibrium. ? 4.In an effort to influence the economy, a central bank conducted open market activities by selling government bonds. This implies that the central bank is most likely attempting to: A. contract the economy by reducing bank reserves?B. expand the economy through a lower policy interest rate?C. contract the economy through a lower policy interest rate? 5.A company using IFRS reports its interest payments on long-term debt as a financing activity. If the company reported under US GAAP, the most likely effect would be a: A. higher cash flow from operations.?B. higher cash flow from financing activities.?C. lower cash flow from investing activities.? 6.Under U.S. GAAP what is the most likely effect of the reversal of a valuation allowance related to a deferred tax asset on net income? A. No effect ?B. A decrease ?C. An increase ? 7.The following information is available about a company: (All figures in $ thousands) 2011 2010 Deferred tax assets 200 160 Deferred tax liabilities (450) (360) Net deferred tax liabilities (250) (200) Earnings before taxes 4,000 3,800 Income taxes at the statutory rate 1,200 1,140 Current income tax expense 1,000 900 The company’s 2011 income tax expense (in thousands) is closest to: A.