CFA Mock Exam 1 with all Correct & 100% Verified Answers |Actual
Complete Update |Already Graded A+
1. Which of the following is A. Adopt a code of ethics that addresses general
a recommended fiduciary con-cepts.
procedure for
compliance with the Correct because the recommended procedures for
Stan-dard relating to compliance
responsibili-
ties of supervisors? Members with Standard IV (C), Responsibilities of Supervisors,
state that
should encourage their members and candidates are encouraged to
firms to: recommend that their employers adopt a code of ethics. In
addition, stand-alone codes of ethics should be written
in plain language and should
A. adopt a code of ethics that address general fiduciary concepts.
addresses general
fiduciary concepts
B. Provide the firm's
clients with a copy if
detailed compli-ance
procedures.
C. commingle the firm
code of ethics with its
detailed compliance
procedures
2. According to the procedures for compli-ance with the
guidance provided by Standard relat-ing to independence
the Standards, which of and ob-jectivity?
the following is
not among the A. Create a restricted list
recommend-ed
,CFA Mock Exam 1 with all Correct & 100% Verified Answers |Actual
Complete Update |Already Graded A+
B. Prohibit the B. Prohibit the acceptance of gifts
acceptance of gifts
because according to Standard I (B), Independence
and Objec-tivity, a recommended procedure for
compliance is to limit gifts, not prohibit gifts.
, CFA Mock Exam 1 with all Correct & 100% Verified Answers |Actual
Complete Update |Already Graded A+
C. Appoint a senior
compli-ance officer with
oversight re-sponsibilities
3. In the CFA Institute B. Performance Presentation
Stan-dards of
Professional Con-duct, because Performance Presentation is a sub-section of
Standard III-Duties to Standard III-Duties to Clients. The other sub-sections
Clients most likely include: Loyalty, Pru-dence and Care, Fair Dealing,
includes which of the Suitability, and Preservation of Confidentiality.
following sub-sections?
A. Knowledge of the Law
B. Performance
Presenta-tion
C. Independence and
Objec-tivity
4. Akash Gupta has just finished B. .Yes, by highlighting that there were no calculation
questions
taking the Level II CFA exam on derivatives in the recent exam
for the second time. To pro-
tect the integrity of the exam, because according to Standard VII(A) relating to
Conduct as Par-
Gupta is careful not to ticipants in CFA Institute Programs, examples of information
dis-
that
cuss the exam questions with cannot be disclosed by candidates sitting for an exam
include
other candidates. Gupta calls but are not limited to broad topical areas and formulas
tested or
, CFA Mock Exam 1 with all Correct & 100% Verified Answers |Actual
Complete Update |Already Graded A+
his friend, a member, not tested on the exam. Gupta has violated Standard VII(A).
and contrasts his two
attempts by highlighting
that there were many
calculation questions on
derivatives in the first
in-stance and none in
the sec-
Complete Update |Already Graded A+
1. Which of the following is A. Adopt a code of ethics that addresses general
a recommended fiduciary con-cepts.
procedure for
compliance with the Correct because the recommended procedures for
Stan-dard relating to compliance
responsibili-
ties of supervisors? Members with Standard IV (C), Responsibilities of Supervisors,
state that
should encourage their members and candidates are encouraged to
firms to: recommend that their employers adopt a code of ethics. In
addition, stand-alone codes of ethics should be written
in plain language and should
A. adopt a code of ethics that address general fiduciary concepts.
addresses general
fiduciary concepts
B. Provide the firm's
clients with a copy if
detailed compli-ance
procedures.
C. commingle the firm
code of ethics with its
detailed compliance
procedures
2. According to the procedures for compli-ance with the
guidance provided by Standard relat-ing to independence
the Standards, which of and ob-jectivity?
the following is
not among the A. Create a restricted list
recommend-ed
,CFA Mock Exam 1 with all Correct & 100% Verified Answers |Actual
Complete Update |Already Graded A+
B. Prohibit the B. Prohibit the acceptance of gifts
acceptance of gifts
because according to Standard I (B), Independence
and Objec-tivity, a recommended procedure for
compliance is to limit gifts, not prohibit gifts.
, CFA Mock Exam 1 with all Correct & 100% Verified Answers |Actual
Complete Update |Already Graded A+
C. Appoint a senior
compli-ance officer with
oversight re-sponsibilities
3. In the CFA Institute B. Performance Presentation
Stan-dards of
Professional Con-duct, because Performance Presentation is a sub-section of
Standard III-Duties to Standard III-Duties to Clients. The other sub-sections
Clients most likely include: Loyalty, Pru-dence and Care, Fair Dealing,
includes which of the Suitability, and Preservation of Confidentiality.
following sub-sections?
A. Knowledge of the Law
B. Performance
Presenta-tion
C. Independence and
Objec-tivity
4. Akash Gupta has just finished B. .Yes, by highlighting that there were no calculation
questions
taking the Level II CFA exam on derivatives in the recent exam
for the second time. To pro-
tect the integrity of the exam, because according to Standard VII(A) relating to
Conduct as Par-
Gupta is careful not to ticipants in CFA Institute Programs, examples of information
dis-
that
cuss the exam questions with cannot be disclosed by candidates sitting for an exam
include
other candidates. Gupta calls but are not limited to broad topical areas and formulas
tested or
, CFA Mock Exam 1 with all Correct & 100% Verified Answers |Actual
Complete Update |Already Graded A+
his friend, a member, not tested on the exam. Gupta has violated Standard VII(A).
and contrasts his two
attempts by highlighting
that there were many
calculation questions on
derivatives in the first
in-stance and none in
the sec-
