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

Test Prep CFA-Level-I Exam (page: 6)
Test Prep CFA® Level I Chartered Financial Analyst
Updated on: 09-Feb-2026

Viewing Page 6 of 793
CFA-Level-I PDF 3963 Questions

Each ________ needs to comprise portfolios or asset classes that represent a similar investment goal.

  1. return
  2. composite
  3. value
  4. benchmark
  5. mix

Answer(s): B

Explanation:

All actual fee-paying discretionary portfolios must be included in at least one composite defined according to similar strategy or investment objective.



ERISA fiduciaries must adhere to the following prudent procedures:

- establish a written investment policy for the plan
- diversify plan assets
- make investment decisions with the skill and care of a ________
- monitor investment performance
- control investment expenses
- avoid prohibited transactions

  1. member
  2. supervisor
  3. prudent expert
  4. none of these answers
  5. trader

Answer(s): C

Explanation:

These procedures are stipulated under the detailing of ERISA fiduciary duties, to ensure that the fiduciary complies with the duty to act with prudence. Under ERISA, the fiduciary is held to a higher standard than the Prudent Man Rule. The ERISA fiduciary needs to be as prudent as the average expert, not simply as prudent as the average person.



________ establishes the fiduciary principles for U.S. corporate pension plans.

  1. AIMR
  2. PSPC
  3. ERISA
  4. WTO
  5. UMIFA
  6. None of these answers
  7. RELAC

Answer(s): C

Explanation:

ERISA establishes the fiduciary principles for U.S. corporate pension plans. ERISA is very specific in its definition of fiduciaries and their responsibilities and investment managers of U.S. corporate pension plans are subject to ERISA's fiduciary provisions.



Under what conditions is Standard II (B)- Professional Misconduct violated?

  1. The member is convicted of a misdemeanor.
    II. The member regularly engages in unprofessional but legal behavior.
    III. The member engages in dishonest activities that do not result in criminal conviction.
    IV. The member is convicted of a felony.
  2. II, III & IV.
  3. I, II & IV.
  4. I, II, III & IV.
  5. IV only.

Answer(s): A

Explanation:

This question pertains to Standard II (B) - Professional Misconduct. A misdemeanor conviction is only considered grounds for a violation of II (B) if it occurs repeatedly, or involves "moral turpitude" (lying, cheating, stealing, or other dishonest conduct). Unprofessional and dishonest behavior or a felony conviction are violations of Standard II (B).



Complete the following: According to The Code of Ethics, members of AIMR shall: "Act with ________, competence, dignity and in an ethical manner when dealing with the public, clients, prospects, employers, employees and fellow members."

  1. virtue
  2. none of these answers
  3. honorability
  4. integrity
  5. morality

Answer(s): D

Explanation:

According to The Code of Ethics, members of AIMR shall: "Act with integrity, competence, dignity and in an ethical manner when dealing with the public, clients, prospects, employers, employees and fellow members."



Viewing Page 6 of 793



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

Blessious Phiri 8/13/2023 10:32:00 AM

very explainable
Anonymous


m7md ibrahim 5/26/2023 6:21:00 PM

i think answer of q 462 is variance analysis
Anonymous


Tehu 5/25/2023 12:25:00 PM

hi i need see questions
Anonymous


Ashfaq Nasir 1/17/2024 1:19:00 AM

best study material for exam
Anonymous


Roberto 11/27/2023 12:33:00 AM

very interesting repository
ITALY


Nale 9/18/2023 1:51:00 PM

american history 1
Anonymous


Tanvi 9/27/2023 4:02:00 AM

good level of questions
Anonymous


Boopathy 8/17/2023 1:03:00 AM

i need this dump kindly upload it
Anonymous


s_123 8/12/2023 4:28:00 PM

do we need c# coding to be az204 certified
Anonymous


Blessious Phiri 8/15/2023 3:38:00 PM

excellent topics covered
Anonymous


Manasa 12/5/2023 3:15:00 AM

are these really financial cloud questions and answers, seems these are basic admin question and answers
Anonymous


Not Robot 5/14/2023 5:33:00 PM

are these comments real
Anonymous


kriah 9/4/2023 10:44:00 PM

please upload the latest dumps
UNITED STATES


ed 12/17/2023 1:41:00 PM

a company runs its workloads on premises. the company wants to forecast the cost of running a large application on aws. which aws service or tool can the company use to obtain this information? pricing calculator ... the aws pricing calculator is primarily used for estimating future costs
UNITED STATES


Muru 12/29/2023 10:23:00 AM

looks interesting
Anonymous


Tech Lady 10/17/2023 12:36:00 PM

thanks! that’s amazing
Anonymous


Mike 8/20/2023 5:12:00 PM

the exam dumps are helping me get a solid foundation on the practical techniques and practices needed to be successful in the auditing world.
UNITED STATES


Nobody 9/18/2023 6:35:00 PM

q 14 should be dmz sever1 and notepad.exe why does note pad have a 443 connection
Anonymous


Muhammad Rawish Siddiqui 12/4/2023 12:17:00 PM

question # 108, correct answers are business growth and risk reduction.
SAUDI ARABIA


Emmah 7/29/2023 9:59:00 AM

are these valid chfi questions
KENYA


Mort 10/19/2023 7:09:00 PM

question: 162 should be dlp (b)
EUROPEAN UNION


Eknath 10/4/2023 1:21:00 AM

good exam questions
INDIA


Nizam 6/16/2023 7:29:00 AM

I have to say this is really close to real exam. Passed my exam with this.
EUROPEAN UNION


poran 11/20/2023 4:43:00 AM

good analytics question
Anonymous


Antony 11/23/2023 11:36:00 AM

this looks accurate
INDIA


Ethan 8/23/2023 12:52:00 AM

question 46, the answer should be data "virtualization" (not visualization).
Anonymous


nSiva 9/22/2023 5:58:00 AM

its useful.
UNITED STATES


Ranveer 7/26/2023 7:26:00 PM

Pass this exam 3 days ago. The PDF version and the Xengine App is quite useful.
SOUTH AFRICA


Sanjay 8/15/2023 10:22:00 AM

informative for me.
UNITED STATES


Tom 12/12/2023 8:53:00 PM

question 134s answer shoule be "dlp"
JAPAN


Alex 11/7/2023 11:02:00 AM

in 72 the answer must be [sys_user_has_role] table.
Anonymous


Finn 5/4/2023 10:21:00 PM

i appreciated the mix of multiple-choice and short answer questions. i passed my exam this morning.
IRLAND


AJ 7/13/2023 8:33:00 AM

great to find this website, thanks
UNITED ARAB EMIRATES


Curtis Nakawaki 6/29/2023 9:11:00 PM

examination questions seem to be relevant.
UNITED STATES