PRACTICE BY UNIT
CFA Level I — Ethical and Professional Standards: 203 practice questions
203 original CFA Level I questions on Ethical and Professional Standards, each with an explanation and its source. Topics: Ethics and Trust in the Investment Profession, Code of Ethics and Structure of the Standards, Standard I: Professionalism, Standard II: Integrity of Capital Markets, Standard III: Duties to Clients, Standard IV: Duties to Employers, Standard V: Investment Analysis, Recommendations, and Actions, Standard VI: Conflicts of Interest, Standard VII: Responsibilities as a CFA Institute Member or Candidate. One free sample is below; the rest of the questions are available with a paid plan.
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FREE SAMPLE
One Ethical and Professional Standards question with explanations
Open a question, choose an answer in your head, then open the explanation.
Q1 Ethics and Trust in the Investment Profession（投資業界における倫理と信頼）Ethics and Trust in the Investment Profession
Compared with ethical principles, laws and regulations are most accurately described as:
- always sufficient to ensure ethical behavior, because legal acts are by definition ethical.
- applicable only where ethical principles are silent on an issue.
- a minimum standard that does not cover all unethical behavior, so some legal acts can still be unethical.
Show the answer and explanation
Answer: C. C is correct. Laws and regulations do not cover all unethical behavior, and complying with applicable law is the minimum threshold, so an act can be legal and still be unethical.
Sources: CFA Institute Standards of Practice Handbook, 12th ed. (2024) · CFA Institute: Standard I(A) Knowledge of the Law (guidance page, updated 2024)
That's the free sample. The rest of the questions are available with a paid plan.
That's the free sample. The rest is available with a plan.
See plansTopics in Ethical and Professional Standards
- Ethics and Trust in the Investment Profession（投資業界における倫理と信頼）Ethics and Trust in the Investment Profession 11
- Code of Ethics and Structure of the Standards（倫理規範・基準の構造・懲戒手続）Code of Ethics and Structure of the Standards 11
- Standard I: Professionalism（基準I 職業倫理）Standard I: Professionalism 37
- Standard II: Integrity of Capital Markets（基準II 資本市場の誠実性）Standard II: Integrity of Capital Markets 23
- Standard III: Duties to Clients（基準III 顧客への義務）Standard III: Duties to Clients 44
- Standard IV: Duties to Employers（基準IV 雇用主への義務）Standard IV: Duties to Employers 23
- Standard V: Investment Analysis, Recommendations, and Actions（基準V 投資分析・推奨・行動）Standard V: Investment Analysis, Recommendations, and Actions 22
- Standard VI: Conflicts of Interest（基準VI 利益相反）Standard VI: Conflicts of Interest 20
- Standard VII: Responsibilities as a CFA Institute Member or Candidate（基準VII 会員・受験者としての責任）Standard VII: Responsibilities as a CFA Institute Member or Candidate 12
FAQ
Are these CFA Level 1 Ethical and Professional Standards questions free?
The sample question on this page is free to read, with the answer and sources. The full set of 203 Ethical and Professional Standards questions is in the paid plans.
Are these the exam body's own questions?
No. Every question is original and written by Sakakikaen Co., Ltd. examplat is not affiliated with or endorsed by the organisation that runs CFA Level I. Check its website for the current syllabus.
OTHER UNITS
CFA Level I practice questions by unit
- Quantitative Methods（定量分析）Quantitative Methods 85
- Economics（経済学）Economics 85
- Financial Statement Analysis（財務諸表分析）Financial Statement Analysis 144
- Corporate Issuers（コーポレート・イシュアー）Corporate Issuers 85
- Equity Investments（株式投資）Equity Investments 144
- Fixed Income（債券）Fixed Income 144
- Derivatives（デリバティブ）Derivatives 76
- Alternative Investments（オルタナティブ投資）Alternative Investments 98
- Portfolio Management（ポートフォリオ・マネジメント）Portfolio Management 116
All about CFA Level I on examplat
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