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習成果？
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。風險預算根據(jù)特定的指標量化和分配可容忍的風險。風險預算可以是多維的，也可以是一維的風險度量，如標準差、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的風險強度選擇的結(jié)果。C項，風險承受力關注風險偏好，而不是風險預算。
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。增加一個風險預算過程會促使(forces)組織考慮如何在其子公司之間分配其總風險承受能力。A項，風險承受能力決定風險預算，而不是反過來。C項，風險預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。風險管理是以公司或投資組合的價值（或效用*化）為目標，定義要承擔的風險水平的過程。A項，風險管理不是為了zui小化風險。B項，風險管理不是預測風險。
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！
