CFA Sample Exam Test 59 Questions for Level 1 Answer Keys AMBIPi

Hi CFA Aspirants, welcome to AKVTutorials. Are you preparing for CFA Level 1, 2, 3 exams for making a career in CFA (Charted Financial Analyst). According to CFA Wikipedia, CFA The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the American-based CFA Institute. A candidate who successfully completes the program and meets other professional requirements is awarded the “CFA charter” and becomes a “CFA charter holder”. Therefore, you need CFA Study Notes and CFA Sample Exam Test 9 Questions for Level 59 Answer Keys AMBIPi

In this article, you will get Free CFA Level 1 Mock Exam Practice Questions.

Free CFA Level 1 Mock Practice Exam Questions Bank

Free CFA Level 1 Practice Question No: 581:

Mariam Musa, CFA, head of compliance at Dunfield Brokers, questions her colleague Omar Kassim, a CFA candidate and a research analyst, about his purchase of shares in a company for his own account immediately before he publishes a “buy” recommendation. He defends his actions by stating he has done nothing wrong because Dunfield does not have any personal trading policies in place. The CA Institute Standards of Professional Conduct were most likely violated by:

Option A : Only Kassim

Option B : Both Musa and Kassim

Option C : Only-Musa

Show/Hide Answer

Option B : Both Musa and Kassim

CFA Level 1 Exam Question No: 582:

Which of the following statements does not accurately represent the objectives of Global Investment Performance Standards (GIPS)? The GIPS standards:

Option A: Ensure consistent, accurate investment performance data in the areas of reporting, records[marketing, and presentations

Option B: obtain global acceptance of calculation and presentation standards in a fair, comparable format with full disclosure

Option C: Promote fair competition among investment management firms in all markets by requiring common fee structures

Show/Hide Answer

Option C : Promote fair competition among investment management firms in all markets by requiring common fee structures

Free CFA Level 1 Mock Exam Question No: 583:

James Simone, CFA, the chief financial officer of a publicly listed company, seeks to improve the quality of his company’s communication with institutional fund managers. He holds an investor briefing With this group the evening before the company earnings are announced. The company’s quarterly earnings are broadcast in a press release the next day before the market opens. The earnings information in the investor briefing is identical to that in the press release. Did Simone most likely violate the CFA Institute Standards of Professional Conduct?

Option A: Yes

Option B: No, because the company releases information while the market is closed

Option CNo, because investor briefing and press release information are identical

Show/Hide Answer

Option A : Yes

CFA Level 1 Free Practice Question No: 584:

Diana Fairbanks, CFA, is married to an auditor who is employed at a large accounting firm. When her husband mentions that a computer firm he audits will receive a qualified opinion, she thinks nothing of it. Later that week, when she reviews a new client account, she notices there are substantial holdings of this computer firm. When she does a thorough internet search for news on the company, she does not find anything about its most recent audit or any other adverse information. Which of the following actions concerning the computer stock should Fairbanks most likely take to avoid violating the Institute Standards of Professional Conduct?

Option A: Complete a thorough and diligent analysis of the company and then sell the stock

Option B: Sell the stock immediately because she has a reasonable basis

Option C: Take no investment action

Show/Hide Answer

Option C : Take no investment action

Free CFA Practice Question No: 585:

Margie Germaine, CFA, is a risk management consultant who has been asked by a small investment bank to recommend policies to prevent bank employees from front running client orders. These clients generally invest in one or more of the bank’s large cap equity unit trusts. To ensure compliance with the CFA Institute Standards of Professional Conduct, Germaine should least likely recommend which of the following? Employees should be restricted from trading: 

Option A: equity-related securities

Option B: without prior permission

Option C: during established time periods

Show/Hide Answer

Option A : equity-related securities

CFA Level 1 Sample Question No: 586:

Molly Burnett, CFA, is a portfolio manager for a fund that only invests in environmentally friendly companies. A multinational utility company recently acquired one of the fund’s best-performing investments, a wind power company. The wind power company’s shareholders received utility company shares as part of the merger agreement. The utility has one of the worst environmental records in the industry, but its shares have been one of the top performers over the past 12 months. Because the utility pays a high dividend every three months, Burnett holds the utility shares until the remaining two dividends are paid for the year then sells the shares. Burnett most likely violated the CA Institute Standard of Professional Conduct concerning:

Option A: Disclosure of Conflicts

Option B: Suitability

Option C: Independence and Objectivity

Show/Hide Answer

Option B : Suitability

Free CFA Level 1 Quiz Question NO: 587:

John Meir, CFA, is a compliance officer for Family Estate Planning, LLC, a private wealth consulting firm. Many of his colleagues have family members who have started their own retail businesses. Some of Meir’s colleagues have beef asked by relatives to serve as non-executive directors or advisers to their companies. Meir should most likely recommend which of the following policies to ensure compliance with the CFA Institute Standards of Professional Conduct?

Option A: Require employees to declare all income sources annually

Option B: Require employees to declare all outside business interests

Option C: Prohibit employees from becoming directors or advisers

Show/Hide Answer

Option B : Require employees to declare all outside business interests

Free CFA Level 1 Quiz Question NO: 588:

Which of the following statements concerning requirements under Standard V(B) – Communication with Clients and Prospective Clients is least likely accurate? This standard requires members and candidates to:

Option A: divulge the number of investment-related personnel responsible for external communication

Option B: distinguish between n fact and opinion in the presentation of investment analysis and recommendations

Option C: disclose the basic format and general principles of the investment process

Show/Hide Answer

Option A : divulge the number of investment-related personnel responsible for external communication

Free CFA Practice Question No: 589:

Gabrielle Gabbe, CFA, has been accused of professional misconduct by one of her competitors. The allegations concern Gabbe’s personal bankruptcy filing 10 years ago when she was a college student and had a large amount of medical bills she could not pay. By not disclosing the bankruptcy filing to her clients, did Gabbe most likely Violate any CFA Institute Standards of Professional Conduct?

Option A: No

Option B: Yes, related to Misconduct

Option C: Yes, related to Misrepresentation

Show/Hide Answer

Option A : No

CFA Mock Exam Free Question No: 590:

Chan Liu, CFA, is the new research manager at the Pacific MicroCap Fund. Liu observed the following activities after she published a research report on a thinly traded micro-cap stock that included a “buy” rec commendation:
• Pacific traders purchased the stock for Pacific’s proprietary account and then purchased the same stock for all client accounts; and
• Pacific marketing department employees disseminated positive, but false, information about the stock in widely read internet forums
Liu notes the stock’s price increased more than 50% within a period of two days and was then sold for Pacific’s account. Which of the following steps is most appropriate for Liu to take to avoid violating the CFA Institute Standards of Professional Conduct?

Option A: Remove her name from the micro-cap stock research report

Option B: Publicly refute the false information posted on internet forums

Option C: Report the observed activities to her employer

Show/Hide Answer

Option C : Report the observed activities to her employer

CFA Notes Materials and QBanks

CFA Level 1 Notes
CFA Level 1 QBank: 1 to 10CFA Level 1 QBank: 11 to 20
CFA Level 1 QBank: 21 to 30CFA Level 1 QBank: 31 to 40
CFA Level 1 QBank: 41 to 50CFA Level 1 QBank: 51 to 60
CFA Level 1 QBank: 61 to 70CFA Level 1 QBank: 71 to 80
CFA Level 1 QBank: 81 to 90CFA Level 1 QBank: 91 to 100
CFA Level 1 QBank: 101 to 110CFA Level 1 QBank: 111 to 120
CFA Level 1 QBank: 121 to 130CFA Level 1 QBank: 131 to 140
CFA Level 1 QBank: 141 to 150CFA Level 1 QBank: 151 to 160
CFA Level 1 QBank: 161 to 170CFA Level 1 QBank: 171 to 180
CFA Level 1 QBank: 181 to 190CFA Level 1 QBank: 191 to 200
CFA Level 1 QBank: 201 to 210CFA Level 1 QBank: 211 to 220
CFA Level 1 QBank: 221 to 230CFA Level 1 QBank: 231 to 240
CFA Level 1 QBank: 241 to 250CFA Level 1 QBank: 251 to 260
CFA Level 1 QBank: 261 to 270CFA Level 1 QBank: 271 to 280
CFA Level 1 QBank: 281 to 290CFA Level 1 QBank: 291 to 300
CFA Level 1 QBank: 301 to 310CFA Level 1 QBank: 311 to 320
CFA Level 1 QBank: 321 to 330CFA Level 1 QBank: 331 to 340
CFA Level 1 QBank: 341 to 350CFA Level 1 QBank: 351 to 360
CFA Level 1 QBank: 361 to 370CFA Level 1 QBank: 371 to 380
CFA Level 1 QBank: 381 to 390CFA Level 1 QBank: 391 to 400
CFA Level 1 QBank: 401 to 410CFA Level 1 QBank: 411 to 420
CFA Level 1 QBank: 421 to 430CFA Level 1 QBank: 431 to 440
CFA Level 1 QBank: 441 to 450CFA Level 1 QBank: 451 to 460
CFA Level 1 QBank: 461 to 470
CFA Level 1 QBank: 481 to 480CFA Level 1 QBank: 491 to 500
CFA Level 1 QBank: 501 to 510CFA Level 1 QBank: 511 to 520
CFA Level 1 QBank: 521 to 530CFA Level 1 QBank: 531 to 540
CFA Level 1 QBank: 541 to 550CFA Level 1 QBank: 551 to 560
CFA Level 1 QBank: 561 to 570CFA Level 1 QBank: 571 to 580
CFA Level 1 QBank: 581 to 590CFA Level 1 QBank: 591 to 600
CFA Level 1 QBank: 601 to 610CFA Level 1 QBank: 611 to 620

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