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1、Schweser Printable Tests - Level 1 - EXAM 1 Morning - 180 minutes - Level 1 - EXAM 1 Morning You can print this page by going to file - print in your internet browser. Ethics - 18 Questions - 27 minutes Question: 1 - 23379 Based on AIMRs Standards of Professional Conduct, which of the following stat
2、ements are a violation of Standard IV(B.6), Prohibition against Misrepresentation? A) A young trainee bond trader tells a prospective client that she can assist the client in all the clients investment needs: equity, fixed income, and derivatives and based on her years of experience as an analyst in
3、 the business that an investment looks like it has lots of potential. B)All of these. C) An investment manager recommends to a prospective client, an investment in mortgage IO strips because they are guaranteed by an agency of the federal government. D)A broker says XYZ stock is 100% guaranteed to d
4、ouble in value over the next six months. Question: 2 - 28161 According to AIMRs Standards of Professional Conduct Standard I(B), Fundamental Responsibilities, members shall not knowingly participate or assist in legal and ethical violations. An analyst: A) must report all legal violations to the pro
5、per regulatory commission and is held responsible for participating in illegal acts when the law is evident to anyone knowing the law. B) is held responsible for violations by others when the analyst is unaware of the facts giving rise to the violation. C) is held responsible for participating in il
6、legal acts when the law is evident to anyone knowing the law and can participate in a violation by having knowledge of the violation and taking no action to stop it or disassociate from it. D) is held responsible for participating in illegal acts when the law is evident to anyone knowing the law and
7、 is held responsible for violations by others when the analyst is unaware of the facts giving rise to the violation. Question: 3 - 28162 Which of the following is a violation based on AIMRs Standards of Professional Conduct? A) A portfolio manager accepts free trades from XYZ for her personal accoun
8、t for directing the portfolios trades to XYZ. She does not inform her manager since there is no cash involved. B) After informing his manager, a portfolio manager accepts money for giving a broker information relating to a clients financial standing. C) A portfolio manager is offered a free vacation
9、 to increase performance. At the end of the year performance is up and the manager accepts the vacation after informing his manager of the fact. D) A portfolio manager is unexpectedly offered a vacation at year-end from a client who was pleased with their portfolios performance. The manager accepts
10、the vacation after informing her manager of the fact. Question: 4 - 28165 Based on AIMRs Standards of Professional Conduct, which of the following statements are a violation of Standard IV(B.6), Prohibition against Misrepresentation? A)A young trainee bond trader tells a prospective client that she
11、can assist the client in all the clients investment needs: equity, fixed income, and derivatives and based on her years of experience as an analyst in the business that an investment looks like it has lots of potential. B) An investment manager recommends to a prospective client, an investment in mo
12、rtgage IO strips because they are guaranteed by an agency of the federal government. C)A broker says XYZ stock is 100% guaranteed to double in value over the next six months. D)All of these. Question: 5 - 28167 Which one of the following is NOT consistent with AIMRs Performance Presentation Standard
13、s? A)Cash and cash equivalents must be included in composite returns. B)All actual, fee paying, discretionary portfolios should be included in at least one composite. C) Investment performance is the record of the manager not the firm, all changes in personnel should be accounted for by adjusting th
14、e composites performance history. D) Presentation of performance may be either gross or net of investment management fees, as long as the method and the fee schedule are disclosed. Question: 6 - 28168 Under the Employee Retirement Income Security Act (ERISA), a person is a fiduciary if he or she: A)
15、 has discretionary authority in the administration of the pension plan; renders investment advice for a fee with respect to a pension plans assets; exercises any discretionary authority with the management of the pension plan or its assets. B)has an executive position in the firm sponsoring the pens
16、ion plan. C) has an executive position in the firm sponsoring the pension plan; has discretionary authority in the administration of the pension plan. D)exercises any discretionary authority with the management of the pension plan or its assets. Question: 7 - 29219 There are four components of the AIMR?Code of Ethics. All of the following are part of the Code of Ethics EXCEPT: A) Practice and encourage others to practice in a professional and ethical manner that will reflect credit
