2020年CFA考試《CFA三級(jí)》考試共題，分為。小編為您整理Risk Management5道練習(xí)題，附答案解析，供您備考練習(xí)。

1、Which of these risk categories is least likely to be on Hackett's list for Alpha?【單選題】

A.Interest rate risk

B.Liquidity risk

C.Political risk

正確答案:C

答案解析:Although the company is exposed to political risk via its investment in emerging market debt, this risk is not a type of financial risk. Financial risks include risks associated with interest rates, exchange rates, stock prices, and commodity prices.

2、Regarding Fluellen's comments on the credit risk of the Moffett and McNeill options:【單選題】

A.Fluellen is only correct regarding the Moffett option.

B.Fluellen is only correct regarding the McNeill option.

C.

正確答案:C

答案解析:Fluellen is incorrect regarding the Moffett option. There is no current credit risk of this option because it is a European option 

3、Which element of Reinfeldt's explanation about risk governance is least likely correct?【單選題】

A.Ranges for exposures

B.Individual risk factors

C.Risk management policies

正確答案:B

答案解析:Risk management incorporates a centralized type of risk management called "enterprise risk management" (ERM). ERM's distinguishing feature is a firm-wide or across-enterprise perspective. The corporate governance structure is much broader than risk governance and encompasses the system of internal controls and procedures used to manage individual companies.

4、An advantage of the bank's method for estimating VaR is the:【單選題】

A.simplicity of the method.

B.assumption that returns are normally distributed.

C.ability to incorporate optionality into the analysis.

正確答案:A

答案解析:The analytical model uses readily available data and simple calculations.

5、Which of the limitations of VaR analysis given by Reinfeldt is most likely correct?【單選題】

A.Limitation 1

B.Limitation 3

C.Limitation 2

正確答案:C

答案解析:VaR fails to incorporate positive results into its risk profile and, therefore, may provide an incomplete picture of overall exposures