CFA 2026 Level I Ethics Ethics Code Free Quiz 4

General2 MCQs

31. What does the Code of Ethics require regarding care and judgment?

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

32. What does the Code of Ethics require regarding the practice of others?

A. Practice in a professional manner but do not encourage others.B. Encourage others to practice ethically only if they are juniors.C. Practice ethically only when working with clients.D. Practice and encourage others to practice in a professional and ethical manner.

General2 MCQs

33. What is the public purpose of the Code of Ethics?

A. A public statement of the profession's commitment to ethical behavior.B. A private document for internal use only.C. A document designed to protect the profession from legal liability.D. A document that provides a marketing advantage for CFA charterholders.

34. How does the Code of Ethics relate to the Standards of Professional Conduct?

A. It is independent of the Standards of Professional Conduct.B. It sets forth ethical principles that are explained and applied through the Standards.C. It is less important than the Standards of Professional Conduct.D. It replaces the Standards of Professional Conduct for candidates.

📋 CFA - Test Online Practice Quizzes

CFA

Quick Links

Latest Admissions

International Scholarships

Popular Medical Colleges

Popular Universities

Scholarships

Entry Tests Preparation

International Entry Tests

Follow Us

Aggregate Calculator