备考CFA考试你的考试题做的如何了？是不是掌握了一级的考试知识？今天小编带着几道CFA考试题来检验一下你学习成果？

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：选B。风险预算根据特定的指标量化和分配可容忍的风险。风险预算可以是多维的，也可以是一维的风险度量，如标准差、贝塔、VaR或情景损失等。A项，限制用于套期保值目的的投资金额并不是以市场为基准的风险强度选择的结果。C项，风险承受力关注风险偏好，而不是风险预算。


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：选B。增加一个风险预算过程会促使(forces)组织考虑如何在其子公司之间分配其总风险承受能力。A项，风险承受能力决定风险预算，而不是反过来。C项，风险预算不一定会减少对冲需求。

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：选C。风险管理是以公司或投资组合的价值（或效用*化）为目标，定义要承担的风险水平的过程。A项，风险管理不是为了zui小化风险。B项，风险管理不是预测风险。

你是不是做对了呢？是不是知道考察的是哪个科目的知识？小编给你说是组合管理科目中的知识点，考生如果在备考CFA考试，可以在线咨询了解哦！