CFA Level I Chartered Financial Analyst CFA I Dumps in PDF

Free CFA CFA I Real Questions (page: 42)

Which of the following can be found in Standard II?

  1. Members shall not knowingly participate or assist in any violation of laws, rules, or regulations.
  2. Members shall not participate in any professional conduct involving dishonesty, fraud, deceit, etc.
  3. Members shall deliver a copy of the Code to their employer.
  4. Members shall not misrepresent investment performance.
  5. Members shall exercise diligence and thoroughness in making investment recommendations or in taking investment actions.

Answer(s): B

Explanation:

Standard II states that members shall: "Not participate in any professional conduct involving dishonesty, fraud, deceit, or misrepresentation or commit any act that reflects adversely on their honesty, trustworthiness or professional competence."



To fulfill the basic provisions of Standard IV (B.2), a member should ________.

  1. stay free of all conflicts of interest
  2. develop an investment policy statement for each client
  3. discuss the proxy voting policy with management
  4. disclose to clients, all additional compensation agreements
  5. disclose all soft dollar arrangements

Answer(s): B

Explanation:

In formulating an investment policy for the client, the member should take into consideration client identification, investor objectives, and investor constraints.



Each of the following is true regarding Standard II (A), except:

  1. You may not state that you have completed Level I, II, or III until you have received the CFA designation.
  2. This standard relates to oral statements.
  3. All of these answers.
  4. This standard relates to business cards and letterheads.
  5. You must be registered for the next CFA exam in order to call yourself a candidate.
  6. There is no designation for someone who has passed Level I, II, or III.

Answer(s): A

Explanation:

Standard II (A) relates to the responsibility of AIMR members and candidates to use their professional designation properly and in a non-misleading manner. A person must be registered to take the next scheduled CFA exam to be a "candidate" in the CFA program. There is no designation for someone who has passed Level I, II, or III of the CFA exam. Candidates may state, however, that they have completed Level I, II, or III.
The standard applies to all related explanations or descriptions of the CFA designation, including letterheads and business cards, resumes, directory listings, printed advertising, brochures and oral statements to clients and prospects.



Portfolios

  1. can be switched from one composite to another at any time at the discretion of the investment manager.
  2. can never be switched from one composite to another, so managers must ensure they consult their clients and make appropriate choices.
  3. must not be switched from one composite to another unless documented changes in client guidelines make switching appropriate.
  4. can only be switched from one composite to another at the end of a performance period and only if documented changes in client guidelines make switching appropriate.

Answer(s): C

Explanation:

Portfolios must not be switched from one composite to another unless documented changes in client guidelines make switching appropriate. This is a requirement for creation and maintenance of composites.



An AIMR member has violated one of the AIMR code of ethics standards. However, according to the laws of the country governing his behavior, he has done nothing wrong. Then,

  1. AIMR can take disciplinary action against her.
  2. AIMR cannot take disciplinary action against her.
  3. there is no violation of the code since local laws were adhered to.
  4. none of these answers.

Answer(s): A

Explanation:

A member must always abide by the AIMR code, unless the local laws in any given case are stricter, in which case, the stricter standard applies. Standard I. Hence, every violation of the code of ethics is always subject to disciplinary action.



Share your comments for CFA CFA I exam with other users:

D
Dass
11/2/2023 7:43:00 AM

question no 22: correct answers: bc, 1 per session 1 per page 1 per component always

R
Reddy
12/14/2023 2:42:00 AM

these are pretty useful

D
Daisy Delgado
1/9/2023 1:05:00 PM

awesome

A
Atif
6/13/2023 4:09:00 AM

yes please upload

X
Xunil
6/12/2023 3:04:00 PM

great job whoever put this together, for the greater good! thanks!

L
Lakshmi
10/2/2023 5:26:00 AM

just started to view all questions for the exam

R
rani
1/19/2024 11:52:00 AM

helpful material

G
Greg
11/16/2023 6:59:00 AM

hope for the best

H
hi
10/5/2023 4:00:00 AM

will post exam has finished

V
Vmotu
8/24/2023 11:14:00 AM

really correct and good analyze!

H
hicham
5/30/2023 8:57:00 AM

excellent thanks a lot

S
Suman C
7/7/2023 8:13:00 AM

will post once pass the cka exam

R
Ram
11/3/2023 5:10:00 AM

good content

N
Nagendra Pedipina
7/13/2023 2:12:00 AM

q:32 answer has to be option c

T
Tamer Barakat
12/7/2023 5:17:00 PM

nice questions

D
Daryl
8/1/2022 11:33:00 PM

i really like the support team in this website. they are fast in communication and very helpful.

C
Curtis Nakawaki
6/29/2023 9:13:00 PM

a good contemporary exam review

X
x-men
5/23/2023 1:02:00 AM

q23, its an array, isnt it? starts with [ and end with ]. its an array of objects, not object.

A
abuti
7/21/2023 6:24:00 PM

cool very helpfull

K
Krishneel
3/17/2023 10:34:00 AM

i just passed. this exam dumps is the same one from prepaway and examcollection. it has all the real test questions.

R
Regor
12/4/2023 2:01:00 PM

is this a valid prince2 practitioner dumps?

A
asl
9/14/2023 3:59:00 PM

all are relatable questions

S
Siyya
1/19/2024 8:30:00 PM

might help me to prepare for the exam

T
Ted
6/21/2023 11:11:00 PM

just paid and downlaod the 2 exams using the 50% sale discount. so far i was able to download the pdf and the test engine. all looks good.

P
Paul K
11/27/2023 2:28:00 AM

i think it should be a,c. option d goes against the principle of building anything custom unless there are no work arounds available

P
ph
6/16/2023 12:41:00 AM

very legible

S
sephs2001
7/31/2023 10:42:00 PM

is this exam accurate or helpful?

A
ash
7/11/2023 3:00:00 AM

please upload dump, i have exam in 2 days

S
Sneha
8/17/2023 6:29:00 PM

this is useful

S
sachin
12/27/2023 2:45:00 PM

question 232 answer should be perimeter not netowrk layer. wrong answer selected

T
tomAws
7/18/2023 5:05:00 AM

nice questions

R
Rahul
6/11/2023 2:07:00 AM

hi team, could you please provide this dump ?

T
TeamOraTech
12/5/2023 9:49:00 AM

very helpful to clear the exam and understand the concept.

C
Curtis
7/12/2023 8:20:00 PM

i think it is great that you are helping people when they need it. thanks.

AI Tutor 👋 I’m here to help!