備考CFA考試你的考試題做的如何了？是不是掌握了一級的考試知識？今天小編帶著幾道CFA考試題來檢驗一下你學(xué)習(xí)成果？
Risk budgeting most likely:
A. limits the cost of hedging a portfolio.
B. can be defined by a measure such as beta or scenario loss.
C. focuses on the appetite for risk and what exposures are acceptable.
解析：選B。風(fēng)險預(yù)算根據(jù)特定的指標(biāo)量化和分配可容忍的風(fēng)險。風(fēng)險預(yù)算可以是多維的，也可以是一維的風(fēng)險度量，如標(biāo)準(zhǔn)差、貝塔、VaR或情景損失等。A項，限制用于套期保值目的的投資金額并不是以市場為基準(zhǔn)的風(fēng)險強度選擇的結(jié)果。C項，風(fēng)險承受力關(guān)注風(fēng)險偏好，而不是風(fēng)險預(yù)算。
A major benefit of ... risk budgeting process is that it most likely:
A. allows the organization to determine its enterprise risk tolerance.
B. forces risk tradeoffs across the organization.
C. eliminates the need for hedging within the organization.
解析：選B。增加一個風(fēng)險預(yù)算過程會促使(forces)組織考慮如何在其子公司之間分配其總風(fēng)險承受能力。A項，風(fēng)險承受能力決定風(fēng)險預(yù)算，而不是反過來。C項，風(fēng)險預(yù)算不一定會減少對沖需求。
Q2-5-1 [Mock] [Attention] Risk management ... can most likely be best described as:
A minimizing risks while attempting to maximize returns.
B forecasting the level of risk that can meet a defined required return.
C defining a level of risk to be taken with the goal of maximizing the portfolio’s value.
解析：選C。風(fēng)險管理是以公司或投資組合的價值（或效用*化）為目標(biāo)，定義要承擔(dān)的風(fēng)險水平的過程。A項，風(fēng)險管理不是為了zui小化風(fēng)險。B項，風(fēng)險管理不是預(yù)測風(fēng)險。
你是不是做對了呢？是不是知道考察的是哪個科目的知識？小編給你說是組合管理科目中的知識點，考生如果在備考CFA考試，可以在線咨詢了解哦！
