[LEVEL II 模拟试题] Mock Level II - Question 6-10

Kakashi_8 · 发表于 2015-7-15 16:13:13

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本帖最后由 Kakashi_8 于 2015-7-16 14:02 编辑

Question：6

Which of the following standards may be violated when investment advisors cover their own trading errors with compensating trades?

A) 6 u5 \|/ N1 o# ?8 ]) Z ! ^( U/ y2 G/ g8 Y4 s/ ~- P	Prohibition Against Plagiarism. 3 R P& Y x) A# y, C' R) x # M4 f1 [4 r& `" f* u, R
B) 7 T2 t4 l1 Q- Q3 Q- A3 o2 V " a6 \|$ ?4 z/ v' a	Disclosure of Conflicts to Clients and Prospects. ( [; I7 c% O. l6 B2 V* v" O + n$ h# \|/ q8 w# I. G& ]% ^
C) 7 C: V; Z9 `5 Z" ?3 g ! K9 K9 r3 H, k( z) r; i	Reasonable Basis and Representations. 0 s& A& R: B; L/ Z+ t; n+ F; A. T + ^+ R' T, `. f6 h! s+ i
D) $ O) X+ p0 {( D3 X3 ~ % G+ D4 C2 P: T3 j* r ^	Independence and Objectivity.5 ]1 q' o) ], \! a * P1 ] n1 i m9 Q+ a2 m+ }

Question：7

Which of the following is one of the four requirements for meeting fiduciary obligations with regard to soft dollar arrangements? Commissions:

A) ) G n- [& v! i4 d/ F8 H' j+ T$ f . O# y3 P2 G c3 T' a+ Z$ {2 E! m	paid must be minimized. & n+ F$ l2 b" c! V/ P- y' ]* @- n" R, Q2 q- \|
B) ! L6 U+ z& P. F. x D4 y; S + J) Z& s2 y& ?9 ?: p: O4 ~3 H	cannot be greater than normal unless the trades being placed are in compensation for a trading error. 2 c! ~3 m, a6 ^/ {9 T/ S5 R* b. K5 I5 {& Q4 W: ~" Z
C) 7 E \) c% n$ v) B' H 3 U! q- c& p$ ]& w) n; m	paid must be reasonable in relation to the research and execution services provided. ; R: U3 i% S6 s4 l9 b w* ] 2 x+ ~5 M$ l' E' `. j# M [( _3 l
D) 3 G8 M2 Z5 x6 F7 `0 r; T- v J9 O' x) T	paid must be held in escrow for the benefit of the client. 1 \! s+ c: n" t! h" }8 y- a' c6 z4 _8 P( N: Y* i6 n

Question：8

Which of the following statements regarding heteroskedasticity is FALSE?

A) # e3 ]+ R6 s V: ]* \7 G5 D! N . O0 h1 Y* @) a6 p& k6 j3 h: j$ A	The assumption of linear regression is that the residuals are heteroskedastic. : D: J& b: c' R+ U3 g1 X/ x 5 H; f, D: C' u& o1 p+ H
B) 9 c7 c$ A. Z2 i/ C( ?, m( L5 E1 o2 i" y1 L	Heteroskedasticity may occur in cross-section or time-series analyses. . j$ m' g/ m( h 7 S: m* x( e- w% ]' P- `
C) ) a. S8 w* n r# o: R8 K- A: h" c 4 V' X3 V1 }& [' j2 i4 r$ [! f	Heteroskedasticity results in an estimated variance that is too large and, therefore, affects statistical inference. : _5 q$ V' P" ~+ c2 N9 G0 F: ?9 \$ ]
D) : [8 w& z3 y' j7 b( g9 P5 N9 ^% V+ P' u2 p$ P	Conditional heteroskedasticity is the case in which the residuals are correlated with the values of the independent variables. 5 I8 B3 S5 Y/ x1 y7 Q6 b5 H$ Z1 {3 X. q0 U: X

Question：9

Given: Y = 2.83 + 1.5X

What is the predicted value of the dependent variable when the value of an independent variable equals 2?

A) / c. p6 l n v7 u& J5 Z2 ` % u/ J; _3 [1 k$ V	-0.55 2 X. k) ?1 q Q9 a, [; E, M - ^2 M. f% e8 H
B) 6 L$ S1 e+ i) ~5 U+ K0 i+ ^' M* t- {0 E& m5 ?8 k$ b+ Y* m1 ~	5.83 % A j- h1 h3 B) o/ u/ _: G* W, n
C) ' ?' b" Q. G @" @4 m ~+ \( X d( h" L( S/ X t$ P	6.50 ' U7 y. h8 \|2 \|6 Z' x Y; K, M4 v 1 p# r- S, I. k Y: [" J: Q+ i
D) : H$ y5 I1 i) K, p$ D / K# a, ]2 M) r' \: J$ d" u" ~	2.83 W3 L4 s3 A2 j- \|2 t' @ , G% @" \|9 Q% l! @+ h% [+ X; I- F

Question：10

The variance of 100 daily stock returns for Stock A is 0.0078. The variance of 90 daily stock returns for Stock B is 0.0083. What are the hypotheses to test whether these variances are different from one another?

A) ( s- B) Z1 y6 H, ^4 {3 J * g3 x* E2 Q# F5 c	H0: σA2 = σB2 versus Ha: σA2 ≠ σB2. 4 [' U9 N" h# B M3 A; i 8 c% ^9 ~' v, q/ B
B) # U. H, j0 G W3 Y; k% g' b8 f6 b) H" a# o4 C- R' x	H0: σA2 = σ02 versus Ha: σA2 ≠ σ02. , ]9 Z$ n: L( @! U 0 g2 T/ M- ~6 I9 A9 ^
C) 4 k# F, {& E6 r5 x* L" q. c0 I9 a! l% {' i# k$ \) Z	H0: σA2 ≠ σB2 versus Ha: σA2 = σB2. ! N- c- y" J( v ( Q, }; m- N! U4 I: J
D) $ p- N3 j) H4 m5 F) v , ]1 U* C; v7 x: @( B0 T5 f! Y	H0: σA2 > σ02 versus Ha: σA2 < σ02.