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2020年CFA考试《CFA三级》考试共题,分为。小编为您整理精选模拟习题10道,附答案解析,供您考前自测提升!
1、What response would Hackett most likely give to Jardins' senior management regarding their risk management process? The firm should:【单选题】
A.define its risk tolerance before identifying the risks it faces.
B.identify the risks it faces before setting policies and procedures.
C.measure its risk levels before defining its risk tolerance.
正确答案:A
答案解析:The risk management process is as follows: (1) set policies and procedures, (2) define risk tolerance, (3) identify risks, (4) measure risks, and (5) adjust the level of risk.
2、【单选题】
A.8.
B.11.
C.69.
正确答案:C
答案解析:
3、【单选题】
A.Current Portfolio
B.Pro Forma Portfolio 1
C.Pro Forma Portfolio 2
正确答案:C
答案解析:C is correct. Given Edgarton’s expectation for a steepening yield curve, the best strategy is to shorten the portfolio duration
4、【单选题】
A.Yes.
B.No, because Khadri used an inappropriate benchmark.
C.
正确答案:C
答案解析:C is correct. Khadri violates the Standard relating to Performance Presentation because he does not
5、【单选题】
A.Only Statement 1
B.Only Statement 2
C.Both Statement 1 and Statement 2
正确答案:C
答案解析:C is correct. Both Statement 1 and Statement 2 are correct.
6、【单选题】
A.concentrate risk exposure.
B.be based on the efficient market hypothesis.
C.overweight stocks that recently experienced large price decreases.
正确答案:A
答案解析:A is correct. Compared with broad-market-cap weighting, passive factor-based strategies tend to
7、【单选题】
A.at-the-money and close to expiration.
B.at-the-money and not close to expiration.
C.deep in-the-money and close to expiration.
正确答案:A
答案解析:
8、Based on Exhibit 2, which position most likely represents an indirect commodity investment?【单选题】
A.Position 1
B.Position 2
C.Position 3
正确答案:B
答案解析:Position 2 is an indirect commodity investment. The Global Energy Equity Index Fund, although correlated with commodity price movements, is not a direct exposure to commodities because it is made up of stocks.
9、Based on the data in Exhibit 1, the duration of equity in the leveraged portfolio is closest to:【单选题】
A.4.50.
B.10.0.
C.5.00.
正确答案:B
答案解析:
10、Is Walter's response to McGourn's inquiry regarding WCM's valuation hierarchy most likely correct?【单选题】
A.No, the valuation hierarchy should be reordered as Item 2, Item 1, Item 3, and Item 4
B.Yes
C.No, Item 4 from the valuation hierarchy should be excluded
正确答案:B
答案解析:The valuation hierarchy presented by Walter is GIPS compliant.
What are the indices for a skewed distribution?:What are the indices for a skewed distribution?
What are the responsibilities of the members in reference to the CFA Institute?:Once accepted as a member:每年交述职报告和年费but must not over promise the competency and future investment results.Case
What members and candidates should notice in CFA examinations?:or security of the CFA examinations.(不能恶心CFA),考试不能作弊:考试内容要保密:A. No.:Responsibilities as a CFA Institute Member.right④Case
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