Ethical And Professional Standards - Ethical And Professional Standards Section 1
- A
act with honesty, efficiency, thoroughness, and in an ethical manner with the public, clients, prospective clients, employers, employees and other participants in the global capital markets.
- B
refrain from encouraging others to act in a professional and ethical the manner that will reflect credit on the employer and the profession.
- C
promote the integrity and viability of the global capital markets for the ultimate the benefit of society.
- Option : C
- Explanation : A is incorrect because the Code of Ethics talks about integrity, competence, diligence, and respect. B is incorrect because members and candidates must not only practice themselves but also encourage others to practice in a professional and ethical manner that will reflect credit on themselves and the profession.
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- A
place the integrity of the investment profession and the interest of clients above their own personal interests.
- B
maintain and improve their professional competence and strive to create a the competitive environment for other investment professionals.
- C
use reasonable care and exercise independent professional judgment when conducting investment analysis, making investment recommendations, taking investment actions, and engaging in other professional activities.
- Option : B
- Explanation : The Code of Ethics does not talk about creating a competitive environment. The focus is on maintaining and improving the professional competency of self and others in the profession.
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23. Which of the following is not a Standard of Professional Conduct?
- Option : A
- Explanation : It is the Integrity of Capital Markets, not the Efficiency of Capital Markets
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24. Which one of the following is a Standard of Professional Conduct?
- Option : C
- Explanation : B is incorrect because it is Investment Analysis, Recommendations, and Actions. A is incorrect because it is Duties to Clients and Duties to Employers.
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25. Which one among the following is not a Standard of Professional Conduct?
- Option : C
- Explanation : Communication with clients and prospective clients is a substandard under Investment Analysis, Recommendations, and Actions.
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