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2020年CFA一级考试各科目试题精选（免费咨询下载）

备考必备  |  2020-03-31

2020年CFA一级考试科目：

　　道德与职业行为标准（Ethics and Professional Standards）

　　定量分析（Quantitative）

　　经济学（Economics）

　　财务报表分析（Financial Statement Analysis）

　　公司理财（Corporate Finance）

　　投资组合管理 （Portfolio Management）

　　权益投资（Equity Investments）

　　固定收益投资（Fixed Income）

　　衍生工具（Derivatives）

　　其他类投资（Alternative Investments）

　　CFA一级考试题型是三选一的单选题，一级考试240道三选一选择题 ，上下午共6个小时考完。CFA考试科目：职业伦理道德、定量分析、经济学、财务报表分析、公司理财、投资组合管理、权益投资、固定收益投资、衍生品投资和其他投资等。共十门课程。每一级考试的重点不同，只是难度要求随着CFA级数的增加递增，CFA考试每个级别的侧重方向也有所不同。》》》免费领取CFA一级考试资料，请点我咨询

　　Markets for produced goods that are primarily sold to customersare best described as:

　　A.capital markets.

　　B.intermediate goods markets.

　　C.services and finished markets.

　　Solution：C

　　Markets for produced goods such as cars,clothing,and liquor thatare sold primarily to customers are considered as finished and servicesmarkets.

　　CFA一级固定收益

　　Which of the following statement about bond';s indenture is mostcorrect?

　　A.It containsits covenants.

　　B.It is thesame as a debenture.

　　C.It relatesonly to its interest and principal payments.

　　Solution:A

　　Anindenture is the contract between the company and its bondholders and containsthe bond';s covenants.、

　　CFA一级企业理财

　　With regard to the most appropriatetreatment of cash flows in capital budgeting,which of the following is correct?

　　A.A project is evaluated using its incrementalcash flows on an after-tax basis.

　　B.Interest costs are included in theproject';s cash flows to reflect financing costs.

　　C.Sunk costs and externalities should notbe included in the cash flow estimates.

　　Solution:A

　　CFA一级职业伦理

　　Dacy Chen,CFA,is an independent financial advisor for a high networth client.He had not contacted with the customer in over two years.Duringa recent brief telephone conversation,the client stated he wanted to increasehis risk exposure.Dacy subsequently recommended and invested in severalhigh-risk funds on behalf of the client.Dacy continued,as he had done in thepast,to send to his client monthly,detailed itemized investment statements.Did Dacy most likely violate any CFAStandards?

　　A.No.

　　B.Yes,with regard to purchasing venture capital funds.

　　C.Yes,with regard to investment statements.

　　Solution:B

　　Dacy violatedStandard III(A)in not exercising Loyalty,Prudence and Care.Bravoria had notupdated his client’s profile in over two years thus should not have madefurther investments,particularly in high risk investments until such time ashe updated the client’s risk and return objectives,financial constraints andfinancial position.Dacy provided his client with investment statements morefrequently than that which is required;i.e.quarterly so was not in violationof regular account information.

CFA一级数量分析

　　For a credit card,it charges 15%compounded monthly.Its effective annual rate is closet to:

　　A.15.78%.

　　B.18.85%.

　　C.16.08%.

　　Solution:C

　　CFA一级组合管理

　　Which of the following is the advantage of diversification compared to investing in a single security?》》》CFA一级习题免费领取，点我咨询

　　A.It decreases the volatility of returns.

　　B.It increases the probability of high returns.

　　C.It increases the expected rate of return.

　　Solution:A

　　CFA一级衍生品

　　Which of the following statements describe the exchange-traded derivatives is the most accurate?

　　A.They are illiquid.

　　B.They are standardized contracts.

　　C.They have significant default risk.

　　Solution:B

　　CFA一级其他投资

　　Please choose a strategy that could exploit pricing discrepancies between assets of issuing companies?

　　A.Event-driven strategies.

　　B.Macro strategies.

　　C.Relative value strategies.

　　Solution:C

CFA一级财务报表

　　Cameron and Caspar formed a new company with an investment of$100,000 on July 1 2014.The most likely effect of this transaction on the company';s accounting equation at the time of the formation is an increase in cash and:

　　A.an increase in revenue.

　　B.an increase in liabilities.

　　C.an increase in contributed capital.

　　Solution:C

　　CFA一级权益

　　A country whose financial markets are in an early stage of development.Consider preparation a list of the objectives of market regulation.Which of the following is least likely to be included in this list of objectives?

　　A.Minimize agency problems in the corporate.

　　B.Ensure that financial markets are fair and orderly.

　　C.Ensure that investors in the stock market achieve a rate of return that is at least equal to the risk-free rate of return.

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