CFA Mock Exams Level 1
CFA Mock Exams Level 1: past paper exam questions such as:- 1. By complying with GIPS standards firms cannot: A. eliminate the need for in-depth due diligence on the part of the investor. B. participate in competitive bids against other compliant firms throughout the world. C. assure prospective clients that the reported historical track record is complete and fairly presented. 2. In conversation with a prospective client, a portfolio manager stated “I cannot guarantee that you will earn 18% on equities this year but I can provide you a range within which your return will lie. My range is quite popular among my clients and has a history of ten years. Each year, I develop the range by using financial models, economic forecasts and accredited reports. Based on the CFA Institute Standards, the portfolio manager: A. did not violate any standard. B. violated standard I-C ‘Misrepresentation’. C. violated standard III-D ‘Performance Presentation’.
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- April 26, 2022
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