ethics — CFA Level I Practice Questions

74 free CFA Level I questions on ethics: 41 easy, 19 medium, and 14 hard, every one exam-realistic and fully explained once you sign in. This is the fastest way to turn ethics from a weakness into a scoring area — drill it in 10-question reps with immediate feedback.

Drill ethics free with full explanations →

1. Which method involves drawing samples of size n from the original data set with replacement?
2. A trader at Helion Rail Securities receives a partial fill for a buy order of Vesper Foods. The order was plac
3. Vesper Foods Investment Management has a policy to notify all clients of a 'Sell' rating via a central web por
4. In the context of standard-setting, unless otherwise specified in the exam stem, financial reporting questions
5. According to the Capital Asset Pricing Model (CAPM), which of the following components of an asset's total ris
6. A manager at Meridian Pack receives an advance copy of a highly influential industry report that will likely c
7. What is the most likely impact on the standard error of the estimate?
8. A trader at Vesper Foods learns from an internal IT error that the firm's quarterly revenue is 20% higher than
9. An advisor at Oakridge Capital is managing an account for his cousin. The cousin pays the firm's standard fee.
10. Given that no analytical formula exists for the standard error of this statistic, which simulation method is m
11. Helion Rail issues a convertible bond. When calculating diluted EPS using the if-converted method, the analyst
12. A portfolio manager at Oakridge Capital wants to trade a stock for his personal account that he also intends t
13. According to Standard VI(B) Priority of Transactions, which statement best describes Julian's conduct?
14. An analyst at Oakridge Capital wants to purchase a private placement. The firm does not currently have any cli
15. An investment committee at Vesper Foods decides to add Oakri… — Does this satisfy Standard VI(B)?
16. An investor holds a portfolio with a Sharpe ratio of 0.50. If the risk-free rate is 3% and the portfolio's sta
17. An analyst at Oakridge Capital is simulating a price path using Geometric Brownian Motion (GBM) in a spreadshe
18. Meridian Pack uses the Modified Internal Rate of Return (MIRR) to address a primary weakness of the standard I
19. Is the trader in compliance with Standard VI(B)?
20. A research analyst at Vesper Foods is preparing a downgrade for Helion Rail from 'Buy' to 'Sell.' While the re
21. A CFA charterholder at Helion Rail is offered an expensive gift by a vendor in appreciation for a recently sig
22. Vesper Foods is analyzing a sample of 100 weekly returns. The sample mean is 0.5% and the sample standard devi
23. Oakridge Capital observes that two assets have a correlation coefficient of -1.0. If these two assets are comb
24. An analyst is using 'Bootstrap Resampling' to estimate the standard error of the median return for a portfolio
25. A candidate mentions in a LinkedIn post that she 'Passed Level II of the CFA exam on the first attempt, demons
26. Under the 2027 CFA Level I standards, a candidate who tells their study group 'the ethics portion of my exam y
27. A supervisor at Helion Rail Capital discovers that a subordinate has been sharing confidential client informat
28. During a job interview at Oakridge Capital, a candidate is asked to describe the most difficult question from
29. Standard II(A) Material Nonpublic Information prohibits trading on information that is both material and nonpu
30. A researcher at Oakridge Capital uses bootstrap resampling to estimate the standard error of a median. The pri