2026年FRM金融风险管理师资格考试（PART Ⅰ）考前冲刺试题及答案一
2025/12/6
来源：易考吧
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2026年FRM金融风险管理师资格考试（PART Ⅰ）考前冲刺试题及答案一,更多相关资讯请继续查看易考吧金融理财师考试教材
1). A buffalo farmer is concerned that the price he can get for his buffalo herd will be less than he has forecasted.To protect himself from price declines in the herd， the farmer has decided to hedge with live cattle futures.Specifically， he has entered into the appropriate number of cattle future positions for September delivery that he believes will help offset any buffalo price declines during the winter slaughter season.The appropriate position and the likely sources of basis risk in the hedge are，respectively：( )
A.Short； choice of futures delivery date
B.Short； choice of futures asset
C.Short； choice of futures delivery date and asset
D.Long； choice of futures delivery date and asset
正确答案：C
2). Which of the following statements about standard fixed rate government bonds with no optionality is TRUE？I Higher coupon implies shorter duration.II Higher yield implies shorter duration.III Longer maturity implies larger convexity.( )
A.I and II only
B.II and III only
C.I and III only
D.I， II， and III
正确答案：D
3). Will Lambert， FRM， is a financial risk analyst for Offshore Investment； he is preparing a purchase recommendation on Burch Corporation.According to the GARP Code of Conduct， which of the following statement about disclosure of conflicts is most correct？Lambert would have to disclose that：( )
A.All of these choices require disclosure
B.His wife own 2000 shares of Burch Corporation
C.Offshore is a an OTC market maker for Burch Corporation cs stock
D.He has a material beneficial ownership of Burch Corporation through a family trust
正确答案：A
......
1). A buffalo farmer is concerned that the price he can get for his buffalo herd will be less than he has forecasted.To protect himself from price declines in the herd， the farmer has decided to hedge with live cattle futures.Specifically， he has entered into the appropriate number of cattle future positions for September delivery that he believes will help offset any buffalo price declines during the winter slaughter season.The appropriate position and the likely sources of basis risk in the hedge are，respectively：( )
A.Short； choice of futures delivery date
B.Short； choice of futures asset
C.Short； choice of futures delivery date and asset
D.Long； choice of futures delivery date and asset
正确答案：C
2). Which of the following statements about standard fixed rate government bonds with no optionality is TRUE？I Higher coupon implies shorter duration.II Higher yield implies shorter duration.III Longer maturity implies larger convexity.( )
A.I and II only
B.II and III only
C.I and III only
D.I， II， and III
正确答案：D
3). Will Lambert， FRM， is a financial risk analyst for Offshore Investment； he is preparing a purchase recommendation on Burch Corporation.According to the GARP Code of Conduct， which of the following statement about disclosure of conflicts is most correct？Lambert would have to disclose that：( )
A.All of these choices require disclosure
B.His wife own 2000 shares of Burch Corporation
C.Offshore is a an OTC market maker for Burch Corporation cs stock
D.He has a material beneficial ownership of Burch Corporation through a family trust
正确答案：A
......
