2020年CFA考試《CFA一級》考試共240題，分為單選題。小編每天為您準備了5道每日一練題目（附答案解析），一步一步陪你備考，每一次練習的成功，都會淋漓盡致的反映在分數(shù)上。一起加油前行。

1、According to the Global Investment Performance Standards (GIPS), firms must do all of the followingexcept:【單選題】

A.adhere to certain calculation methodologies and make specific disclosures along with theirperformance.

B.provide investors with a comprehensive view of their performance only in terms of returns.

C.comply with all requirements of the GIPS standards, such as updates, guidance statements, andclarifications.

正確答案:B

答案解析:Firms must provide investors with a comprehensive view of their performance in terms of risk andreturns, not just returns.
CFA Level I
"The GIPS Standards," CFA Institute
Section: Overview

2、According to the Professional Conduct Standards relating to loyalty, prudenceand care, an accurate list of requirements to members and candidates with respectto a member's duties to clients would NOT include:【單選題】

A.acting with reasonable care and excise prudent judgment.

B.complying with the Global Investment Performance Standards (GAPS?).

C.acting for the benefit of their clients.

正確答案:B

答案解析:遵守GAPS?是自愿的，并不要求會員或考生一定要遵守，另外兩個選項是關(guān)于對客戶忠誠、謹慎投資和合理注意的相關(guān)條款中所規(guī)定的。

3、A sample has 64 observations with a mean of 30 and standard deviation of 20.Ifthe reliability factor is 2.05, the upper confidence limit for the population meanis closest to:【單選題】

A.30.64

B.32.50

C.35.13

正確答案:C

答案解析:對于上限：30 + 2.05 ×=35.13。

4、The correlation between the historical returns of Stock A and Stock B is 0.75. lf the variance of StockA is 0.16 and the variance of Stock B is 0.09, the covariance of returns of Stock A and Stock B isclosest to:【單選題】

A.0.16.

B.0.09.

C.0.01.

正確答案:B

答案解析:Cov(A,B)==0.75 × 0.4 × 0.3=0.09.
CFA Level I
"Portfolio Risk and Return: Part I," Vijay Singal
Section 2.3.3

5、Matthew Murphy, CFA, is an analyst at Divisadero Securities & Co..If Murphylives and works in a country where applicable laws differ from the requirement ofthe Code of Ethics and Standards of Professional Conduct,:【單選題】

A.Murphy must comply to the applicable local law of the country.

B.Murphy must comply to the Code of Ethics and Standards of ProfessionalConduct.

C.Murphy must comply to the stricter of the applicable local law of the countryor the Code of Ethics and Standards of Professional Conduct.

正確答案:C

答案解析:在所適用的法律與倫理道德標準之間，CFA會員應該遵守更加嚴格的法律條例。