2025年CFA一级模拟测试卷下载.docxVIP

2025年CFA一级模拟测试卷下载

考试时间：______分钟总分：______分姓名：______

试卷内容

一、伦理与专业标准

1.Ananalystisresearchingacompanyforapotentialinvestmentrecommendation.ThecompanysCEO,whoisapersonalfriendoftheanalyst,recentlyofferedtheanalystavacationtripworth$5,000inreturnforapositiverecommendationintheupcomingreport.Theanalystsemployerhasapolicyprohibitingacceptinggiftsabove$1,000.Whatisthemostappropriatecourseofactionfortheanalyst?

A)Acceptthetripandissueapositiverecommendation,astheCEOisapersonalfriend.

B)Acceptthetripbutdiscloseittotheemployerandrecommendthecompanyonlyiftheanalysissupportsit.

C)DeclinethetripandinformtheCEOthattheanalystcannotprovidearecommendationuntilthecompanysperformancemeetscertaincriteria.

D)Declinethetripandrecuseherselffromtheanalysistomaintainindependence,asthegiftexceedsthepolicylimit.

2.Aportfoliomanagerrecommendsastocktoaclientafterhearingapositiverumorfromanindustrycontact.Themanagerhasnotperformedanyindependentanalysisbutreliessolelyontherumor.Whatethicalobligationdoesthemanagerhavetowardstheclient?

A)Themanagerisnotobligatedtoperformindependentanalysisiftheinformationsourceseemscredible.

B)Themanagermustverifytherumorthroughindependentresearchbeforerecommendingthestock.

C)Themanagerisonlyrequiredtodisclosethesourceoftheinformationifitisapublicsource.

D)Themanagercanrecommendthestockbasedontherumoraslongasitisnotexplicitlystatedtotheclientthatitisbasedonarumor.

3.WhichofthefollowingactionsbyaninvestmentadvisorwouldmostlikelyviolatetheCFAInstituteCodeandStandards?

A)Recommendingaportfoliocompositionthatalignswiththeclientsstatedinvestmentobjectivesandrisktolerance.

B)Placingordersforaclientstradesduringoff-hourstotakead