CFA Level II Practice Questions - CFA Level II Chartered Financial Analyst Exam - CFA Level II Practice Questions - CFA Level II Chartered Financial Analyst Exam

Question 1

Under the CFA Institute Code of Ethics and Standards of Professional Conduct, a member who receives confidential information about a client from a colleague must:

Immediately disclose the information to all team members Maintain the confidentiality of the information Share the information only with supervisors Document the disclosure in writing

Correct Answer:

Maintain the confidentiality of the information

Question 2

A portfolio manager discovers that a colleague has been manipulating performance reports to show better returns. According to Standard I(A) Knowledge of the Law, the manager should:

Report the violation to appropriate regulatory authorities Confront the colleague and demand immediate correction Seek legal counsel before taking any action Dissociate from the activity and report to supervisor

Correct Answer:

Dissociate from the activity and report to supervisor

Question 3

An analyst receives a research report from a competitor containing material nonpublic information about an upcoming merger. The analyst should:

Use the information to adjust her own forecasts Ignore the information and continue with normal analysis Report the breach to the relevant authorities Contact the company to verify the information

Correct Answer:

Ignore the information and continue with normal analysis

Question 4

A research analyst is preparing a report on a company where his spouse owns a significant number of shares. Under Standard VI(A) Disclosure of Conflicts, he must:

Only disclose if the report is a sell recommendation Disclose the conflict in the research report Obtain written permission from his employer Recuse himself from covering the company

Correct Answer:

Disclose the conflict in the research report

Question 5

Under Standard V(A) Diligence and Reasonable Basis, which of the following actions is most appropriate when an analyst uses a third-party research provider?

Rely on the provider's reputation alone Verify the provider's independence and objectivity Use the research without attribution Confirm only the mathematical calculations

Correct Answer:

Verify the provider's independence and objectivity

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About this Exam

Prepare with the CFA Level II Practice Questions - CFA Level II Chartered Financial Analyst Exam practice quiz. This question bank includes 100 questions covering company, rate, analyst, model, and standard. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CFA Level II Practice Questions - CFA Level II Chartered Financial Analyst Exam

This practice set contains 100 questions from the matching question bank and focuses on company, rate, analyst, model, and standard. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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CFA Level II Practice Questions - CFA Level II Chartered Financial Analyst Exam

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