CFA 2026 Level I Ethics Client Duties Free Quiz 1

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CFA 2026 Level I Ethics Client Duties Free Quiz 1

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CFA 2026 Level I Ethics Client Duties Free Quiz 1

Practice CFA 2026 Level I Ethics MCQs from Client Duties. Get instant results with Explanation.

General5 MCQs

1. What does Standard III(A) Loyalty, Prudence, and Care require?

A. Act for the benefit of clients and place clients' interests before their own.B. Place their own interests before clients' interests.C. Act with reasonable care but not necessarily loyalty.D. Act for the benefit of the firm before clients.

2. What does Standard III(B) Fair Dealing require?

A. Only applies to existing clients, not prospective clients.B. Requires dealing fairly and objectively with all clients and prospective clients.C. Allows members to prioritise clients based on their size.D. Only applies to investment recommendations, not actions.

3. What does Standard III(C) Suitability require?

A. Only requires suitability for clients with large portfolios.B. Allows members to recommend products that are not suitable if they are disclosed.C. Requires making investment recommendations or actions that are suitable for the client's financial situation, objectives, and risk tolerance.D. Only requires suitability for institutional clients, not for retail clients.

4. What does Standard III(D) Performance Presentation require?

A. Only requires that performance presentations be accurate.B. Allows performance presentations that are misleading as long as they are not intended to deceive.C. Only requires performance presentations for clients who request them.D. Requires that performance presentations be fair, accurate, and complete.

5. What does Standard III(E) Preservation of Confidentiality require?

A. Preserve the confidentiality of information about current, former, and prospective clients unless required by law or client permission.B. Only applies to current clients.C. Allows disclosure of confidential information if it benefits the firm.D. Only applies to information that is material to investment decisions.

General5 MCQs

6. What does Standard III(A) Loyalty, Prudence, and Care require regarding judgment?

A. Follow client instructions without independent judgment.B. Use reasonable care and exercise independent professional judgment.C. Use reasonable care but not necessarily independent judgment.D. Exercise independent professional judgment but not necessarily reasonable care.

7. What does Standard III(B) Fair Dealing require regarding treatment of clients?

A. Allows preferential treatment for large clients.B. Allows preferential treatment for clients who generate more fees.C. Requires that all clients receive fair treatment and no client receives preferential treatment.D. Only requires fair treatment for institutional clients.

8. What factors must be considered under Standard III(C) Suitability?

A. Only requires considering the client's investment objectives.B. Allows members to ignore the client's risk tolerance.C. Only requires suitability for clients with large portfolios.D. Requires considering the client's financial situation, investment objectives, and risk tolerance.

9. What does Standard III(D) Performance Presentation prohibit?

A. Not misrepresent the performance of investments or make misleading performance claims.B. Only requires accuracy for performance presentations that are used in advertising.C. Allows misleading performance claims if they are disclosed.D. Only requires accuracy for institutional clients.

10. What does Standard III(E) Preservation of Confidentiality prohibit?

A. Can disclose confidential information if it benefits the firm.B. Cannot disclose confidential client information unless required by law or client permission.C. Can disclose confidential information if it is not material.D. Only applies to information about current clients.

📋 CFA - Test Online Practice Quizzes

CFA

Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

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