Amazon
Avaya
Cisco
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL
Juniper
Microsoft
NVIDIA
Okta
Palo Alto Networks
Salesforce
SAP
ServiceNow
All Vendors
  1. Home
  2. Test Prep
  3. CFA-Level-I

Test Prep CFA-Level-I Exam (page: 5)
Test Prep CFA® Level I Chartered Financial Analyst
Updated on: 24-Mar-2026

Viewing Page 5 of 793
CFA-Level-I PDF 3963 Questions

Standard V (A) deals with ________.

  1. Prohibition against Use of Material Nonpublic Information
  2. Disclosure of Conflicts to Clients and Prospects
  3. Prohibition against Misrepresentation
  4. Disclosure of Referral Fees
  5. Performance Presentation
  6. Priority of Transactions
  7. Preservation of Confidentiality

Answer(s): A

Explanation:

Standard V (A) prohibits members who possess material nonpublic information related to the value of a security from trading in that security if such trading would breach a duty or if the information was misappropriated or relates to a tender offer.



Andy Pilling is a bond trading specialist who recently started a special fund, the "Structured Bond Fund." The strategy behind this fund is quite complex, involving a mix of highly speculative, high-yield bonds and various tax-free municipal bonds for some stability. Andy has a strong view that the economy will remain vibrant and bullish over the next two years and hence, is not worried about the risky bonds. Assuming a falling rate scenario in this case allows the fund to project an expected return 130 basis points above the S&P 500 return. In his special report, Pilling does not disclose such assumptions nor does he reveal any details about the bond strategy. He does analyze the state of the economy and the future outlook in the report. Based on his reputation and his association with some big name academics, Pilling is able to obtain capital of close to 75 million dollars on this fund alone. Andy has:

  1. not violated any standards in the AIMR Code of Ethics.
  2. violated Standard IV (6) - Prohibition Against Misrepresentation.
  3. violated Standard IV (A.2) - Research Reports - by not revealing the assumptions and details about the strategy.
  4. violated Standard IV (B.1) - Fiduciary Duties - by not disclosing the nature of the strategy.

Answer(s): C

Explanation:

Standard IV (A.2) - Research Reports requires members to describe the basic characteristics of an investment, the degree of risks involved and scenario analysis to illustrate possible losses under different market conditions. By suppressing such relevant details, Pilling has violated the AIMR Code of Ethics.



According to Standard IV (A.2), members should consider including the following information in research reports, except:

  1. the methodology that drove the investment decisions.
  2. yield-to-maturity.
  3. annual amount of income expected.
  4. degree of uncertainty associated with the cash flows.
  5. business, financial, political, sovereign and market risks.
  6. none of these answers.
  7. degree of marketability / liquidity.
  8. expected annual rate of return.

Answer(s): A

Explanation:

All the information has to be included in the research reports except the methodology that drove the investment decision, which is part of the 'maintaining files' compliance procedure for Standard IV (A.1).



The disclosures for retroactive compliance apply to composites formulated prior to ________.

  1. January, 1989
  2. January, 1992
  3. January, 1991
  4. January, 1993
  5. January, 1990

Answer(s): D

Explanation:

The effect date to be in compliance with AIMR-PPS was January 1, 1993. Any composites which predate the effective date can be brought into compliance retroactively.



With regard to real estate, all properties must be included in at least one ________.

  1. account
  2. investment type
  3. composite
  4. sector
  5. portfolios

Answer(s): C

Explanation:

Consistent with the general requirements for all composites, all properties with discretionary fee-paying investors must be included in at least one account. Because of the unique nature of individual real estate investments, however, composites containing single properties are appropriate in many cases.



Viewing Page 5 of 793



Share your comments for Test Prep CFA-Level-I exam with other users:

CiscoStudent 11/15/2023 5:29:00 AM

in question 272 the right answer states that an autonomous acces point is "configured and managed by the wlc" but this is not what i have learned in my ccna course. is this a mistake? i understand that lightweight aps are managed by wlc while autonomous work as standalones on the wlan.
Anonymous


pankaj 9/28/2023 4:36:00 AM

it was helpful
Anonymous


User123 10/8/2023 9:59:00 AM

good question
UNITED STATES


vinay 9/4/2023 10:23:00 AM

really nice
Anonymous


Usman 8/28/2023 10:07:00 AM

please i need dumps for isc2 cybersecuity
Anonymous


Q44 7/30/2023 11:50:00 AM

ans is coldline i think
UNITED STATES


Anuj 12/21/2023 1:30:00 PM

very helpful
Anonymous


Giri 9/13/2023 10:31:00 PM

can you please provide dumps so that it helps me more
UNITED STATES


Aaron 2/8/2023 12:10:00 AM

thank you for providing me with the updated question and answers. this version has all the questions from the exam. i just saw them in my exam this morning. i passed my exam today.
SOUTH AFRICA


Sarwar 12/21/2023 4:54:00 PM

how i can see exam questions?
CANADA


Chengchaone 9/11/2023 10:22:00 AM

can you please upload please?
Anonymous


Mouli 9/2/2023 7:02:00 AM

question 75: option c is correct answer
Anonymous


JugHead 9/27/2023 2:40:00 PM

please add this exam
Anonymous


sushant 6/28/2023 4:38:00 AM

please upoad
EUROPEAN UNION


John 8/7/2023 12:09:00 AM

has anyone recently attended safe 6.0 certification? is it the samq question from here.
Anonymous


Blessious Phiri 8/14/2023 3:49:00 PM

expository experience
Anonymous


concerned citizen 12/29/2023 11:31:00 AM

52 should be b&c. controller failure has nothing to do with this type of issue. degraded state tells us its a raid issue, and if the os is missing then the bootable device isnt found. the only other consideration could be data loss but thats somewhat broad whereas b&c show understanding of the specific issues the question is asking about.
UNITED STATES


deedee 12/23/2023 5:10:00 PM

great help!!!
UNITED STATES


Samir 8/1/2023 3:07:00 PM

very useful tools
UNITED STATES


Saeed 11/7/2023 3:14:00 AM

looks a good platform to prepare az-104
Anonymous


Matiullah 6/24/2023 7:37:00 AM

want to pass the exam
Anonymous


SN 9/5/2023 2:25:00 PM

good resource
UNITED STATES


Zoubeyr 9/8/2023 5:56:00 AM

question 11 : d
FRANCE


User 8/29/2023 3:24:00 AM

only the free dumps will be enough for pass, or have to purchase the premium one. please suggest.
Anonymous


CW 7/6/2023 7:37:00 PM

good questions. thanks.
Anonymous


Farooqi 11/21/2023 1:37:00 AM

good for practice.
INDIA


Isaac 10/28/2023 2:30:00 PM

great case study
UNITED STATES


Malviya 2/3/2023 9:10:00 AM

the questions in this exam dumps is valid. i passed my test last monday. i only whish they had their pricing in inr instead of usd. but it is still worth it.
INDIA


rsmyth 5/18/2023 12:44:00 PM

q40 the answer is not d, why are you giving incorrect answers? snapshot consolidation is used to merge the snapshot delta disk files to the vm base disk
IRELAND


Keny 6/23/2023 9:00:00 PM

thanks, very relevant
PERU


Muhammad Rawish Siddiqui 11/29/2023 12:14:00 PM

wrong answer. it is true not false.
SAUDI ARABIA


Josh 7/10/2023 1:54:00 PM

please i need the mo-100 questions
Anonymous


VINNY 6/2/2023 11:59:00 AM

very good use full
Anonymous


Andy 12/6/2023 5:56:00 AM

very valid questions
Anonymous