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1. Which of the virtue describes best the actions, character, traits and objects of
any one to be good or bad?
a) Morals
b) Values
c) Ethics
d) Integrity
2. Which of the virtue that refers to honesty and open mindedness either with
one selves or others?
a) Integrity
b) Courage
c) Ethics
d) Values
3. Which of the virtue mentions that Industry and Society are an interactive
system?
a) Ethics
b) Moral
c) Work Ethics
d) Values
14. Which of the following factor does not relate to strategies for developing self
confidence?
a) Emphasize strength
b) Taking Risks
c) Self talk
d) Being not afraid to vulnerable.
16. Which among the following are principle concerns with ‘professional ethics’
1) To study ethical dilemmas in professions by application of moral theory
2) The study of unique moral obligations created by special social roles
3) The practice and consultancy of ethics by a trained professional ethicist
4) The ethical challenges of a professional lifestyle
Which of the following are correct?
a) 1 and 2
b) 2 and 3
c) 1, 2 and 3
d) 1, 2, 3 and 4
17. According to virtue theory, it is possible for more than one way of acting
to be right in the same set of conditions. This is called
a. Character motivation
b. Primacy of Character
c. Both a and b
d. neither a nor b
18. Which of the following is not one of the work related behaviours that
demonstrates a strong work ethic?
a. Get your projects completed promptly
b. Do not accept undesirable assignments.
c. Demonstrate competence
d. Assume personal responsibility for problems.
19. What does the importance of ethical behaviour, integrity and trust call
into question?
a. What we do next
b. Who does what
c. The extent to which managers should attempt to change the
underlying beliefs and values of individual followers.
d. none of the above
23. In the current scenario, caring for the environment has become a
a. Necessity for our survival otherwise the environment will scare
us.
b. Not necessity for our survival
c. To effectively coordinate with other departments
d. The ability to know what someone else is thinking
24. Courage is the tendency to accept
a. reasonable and objectable compromises.
b. risks and difficult tasks in rational ways.
c. one knows is the right thing to do.
d. honesty requires of engineers in particular situations.
26. The factors which contribute for the effective development of self
confidence.
a. Self evaluation of one‘s strength and weakness which can be
anticipated and mentally prepared to accept and face the results
of action.
b. Getting trained to evaluate risks and face them confidentially.
c. Study the life-style and achievements of leaders and innovators.
d. All the above options
29. Milton Friedman stated his belief that 'there is only one social
responsibility' for a company to use its resources to
a. give as much to charitable causes as possible
b. ensure employment
c. provide good facilities for workers
d. increase profits so long as it stays within the rules of the
game
12. The principle of deontological ethics has been most succinctly laid down
by Immanuelle Kant in his categorical imperative – which states “ Act only in
accordance with that maxim through which you can at the same time will
that it becomes a universal law”- under what category of the following
methods does this lie?
a) Bottom Up model
b) Top Down model
c) Internal ethics model
d) External ethics model
13. Consider the following ethical dilemmas and correspond them to the
type of ethics Dilemma
1) Privacy Versus Social Utility
2) Profit Versus Welfare
3) Private Gain Versus Public Trust
4) Sustainability Versus Development
Type of Ethics
A) Environmental Ethics
B) Business Ethics
C) Administrative Ethics
D) Technology Ethics
Which is the correct combination?
a) 1 – A; 2 –B;3 –C; 4 –D
b) 1 –D; 2 –C; 3 –B; 4 –A
c) 1 –D; 2 –B; 3 –C; 4 –A
d) 1 –D 2 –A; 3 –B; 4 –C
14. Which of the following are included as major normative ethical theories?
1) Contractualism
2) Consequentialism
3) Deontology
4) Virtue Theory
Which of the following are correct?
a) 1,2 and 4
b) 1,2 and 3
c) 1, 2, 3 and 4
d) 2, 3 and 4
15. Which among the following are most likely to be virtues of utilitarianism?
1) Moderation
2) Passion
3) Equality
4) Civil Rights
Which of the following is correct?
a) 1 and 4
b) 1 and 3
c) 2, 3 and 4
d) 1, 3 and 4
10. The HR policy which is based on the philosophy of the utmost good for the
greatest number of people is covered under the
a. utilitarian approach
b. approach based on rights
c. approach based on justice
d. None of the above
11. Which of the following is not usually the objective of a code of ethics?
a. to create an ethical workplace
b. to evaluate the ethical components of the proposed actions of the
employees
c. to improve the public image of the company
d. to enhance the profits of the business continuously
12. Which of the following is not a core principle of the Society for Human
Resource Management’s Code of Ethics?
a. professional responsibility
b. fairness and justice
c. professional development
d. None of the above
13. Which of the following factors shapes the ethical behaviour of the
members of an organization?
a. The supervisor’s behaviour
b. organizational culture
c. code of ethics
d. All of the above
14. A written statement of policies and principles that guides the behaviour of
all employees is called
a. code of ethics
b. word of ethics
c. ethical dilemma
d. None of the above
15. Document that consists of all ethical standards that employer expects
from employees is classified as
a. ethics code
b. descriptive code
c. procedural code
d. distributive code
21. According to the text, what is the ethical responsibility of someone who
receives a message?
a. to read the message immediately in case it contains important or
time-sensitive information
b. to relay the message to as many people as possible
c. to check the credibility of the sender and, if the sender is
being unethical, take appropriate action
d. to ensure it doesn’t end up in the wrong hands
24. Jill Jones, a Level III candidate, is under investigation for a possible
violation of the code and standards. After considering all available
information, the Designated Officer determines that there was indeed a
violation and recommends certain sanctions. Jones:
a. Must accept the sanctions.
b. Can reject the proposed sanctions in which case the matter
is referred to a hearing panel composed of DRC members and
CFA Institute member volunteers affiliated with the DRC.
c. Can reject the proposed sanctions in which case the matter is
referred to the local CFA Institute society.
25. John Grey has just resigned from his position as a portfolio manager at
T.C. Assets Inc. to start his own independent practice. To save time, John
makes use of the computer models he made at T.C. Assets Inc. that were
saved on his computer and also uses public directories to contact his
former clients whose names he can recall. Grey has violated the Code and
Standards by doing which of the following:
a. Using the models he made for his former employer.
b. Soliciting his former employer‟s clients.
c. Both by using the models and soliciting the former clients.
27. Ali Haider is responsible for calculating his firm’s performance returns.
He notices that the return for November is impressive if he includes a new
account which started in mid-November and excludes an account which
exited in early-November. In calculating performance returns the firm‟s
policy is to include accounts which exited during the month. Furthermore,
performance numbers of new accounts are to be considered only after they
have been with the firm for a period of one month. In reporting the
performance for November, Haider omits the exited account and includes
the new account. Which of the following is correct according to the CFA
Institute Standards of Professional Conduct?
a. Haider has not violated the Code and Standards he is acting in
the best interest of his employer.
b. Haider violated the Code and Standards because both the
inclusion and omission of accounts violate the firm’s
policies.
c. Haider did not violate the Code and Standards because
performance analysts are free to determine when to include or
omit an account.
28. Which of the following is correct under the Code and Standards?
a. Financial analysts are free to act on conclusions based on
both public and nonmaterial nonpublic information.
b. Financial analysts can act on material nonpublic information if
it‟s provided by industry experts.
c. Financial analysts from large firms can disseminate inside
information of a company than analysts from small firms.
30. Rauf Ahmad, a junior research analyst and a candidate in the CFA
Program, has been recently hired to cover the mining industry. Ahmad
has been asked to go over the firm‟s compliance procedures especially
regarding the flow of information between the trading desks and the
research department. Doug Harvey CFA, and head of the research
department, tells him that the firm is very particular about not leaking
information into the market and follows all the regulatory procedures in
addition to the CFA Institute‟s Code and Standards. As the deadline of
the report comes up, Ahmad pressed for time reads up online brokerage
reports on the mining industry, talks to a trader friend and goes over the
past reports on the subject by his predecessors. He is able to produce the
report in which there‟s no reference to the brokerage reports or the
comments made by his friend, since he feels all that information is
publicly available. The least likely CFA Standard violated by Ahmad is:
a. Diligence and Reasonable basis.
b. Misrepresentation.
c. Conflicts of Interest.
31. Conrad Daley is a portfolio manager for Cross Inc., an investment advisory
and brokerage firm. He reports to Julia Richardson CFA, who is the CFO
of Cross. Daley is in charge of an aggressive growth equity fund and Cross
Retirement Plan, a defined contribution plan for the employees of Cross.
Daley sometimes places purchase and sale orders with a Commodity Index
without completing an internal transaction form. No written operating
procedures or compliance manual concerning commodity trades exists.
Richardson has violated the CFA Institute Code of Ethics and Standards
of Professional Conduct relating to?
a. Disclosure of Conflicts
b. Misconduct
c. Responsibilities of Supervisors
32. Jamshed Hameed a trader with Zeal a small investment and broker/dealer
firm and a candidate in the CFA Program often receives material nonpublic
information from friends in the investment department. Hameed‟s
supervisor Siraj Munir, is the Head of the Trading Unit is aware of this
flow of information since Hameed discusses it with him. In order to
confirm with the CFA Code and Standards, which one of the following is
the best policy for the investment/brokerage firm?
a. No buy and sell of the stocks of the clients about which the
information is received.
b. Setting up physical and informational barriers to prevent the
exchange of information between the investment and
brokerage departments.
c. Transact with only a limited number of stocks when the material
nonpublic information is received
33. Gharib Hisham CFA works for a major investment bank in New York. He
is sent to a developing country as an analyst covering the capital market
and the fast changing economy. Hisham finds out that though the
economy is growing at a very high pace, the securities market is not very
well regulated. As a result there are no laws against insider trading and
various infringements of the securities laws exist with no punitive
prohibitions. According to the CFA Institute Standards of Professional
Conduct Hisham should:
a. Abide by the local law since he works in that country.
b. Get the regulatory authorities to prohibit insider trading.
c. Abide by the CFA Institute Code and Standards.
1. Who has responsibility for health and safety at your place of work?
a) The client and main contractor only
b) Self-employed contractors only and employees
c) Employers, employees and sub-contractors
d) Everyone at your place of work no matter who employs them
7. Which among the following acts fall under the category of hazard to
employee’s safety and health?
i) Exposure to asbestos
ii) Second hand smoke
iii) Music at the workplace
iv) Obsolete industrial equipment
Which of the following are correct?
a) i and ii
b) i, ii and iii
c) I, ii, iii and iv
d) i, ii and iv
8. What among the following question must a moral agent keep in mind
while determining corporate social responsibility?
i) Is this activity necessary in order to conduct business?
ii) Is it necessary to redress harms caused by the company?
iii) Is the activity within the scope of the firm’s expertise?
iv) Can such an activity be carried out without interfering with the
social fabric, or community, or national security?
Which of the following are correct?
a) i, ii and iv
b) i, ii, iii and iv
c) ii, iii and iv
d) iii and iv
13. Which of the following are true with regard to safety and treatment of
employees
i) It is a means of promoting worker efficiency and social order by
protecting lives and promoting the well-being of workers
ii) The idea of safety and treatment of employees was conceived during
the Industrial Revolution in Europe
iii) By ensuring safety of workers the political society of a nation is
stabilized
iv) All workers have a right to expect fairness from their employer and
to be treated with respect and dignity
a) i, ii, iii and iv
b) i, iii and iv
c) ii and iv
d) i and iv
14. What among the following elements takes the most direct and immediate
set back in a case of Conflict of interest by a public official?
a) The reputation of the officer
b) The trust that the public holds in the office
c) The legitimacy of the office
d) The constitution of India
15. Which of the following descriptions best describes the principle
concerning professional ethics?
a) Professional duties must be judged by ethical standards independent
of time, place and Circumstance
b) Judging professional duties always involves reciprocal
adjustment between ends and means
c) Professional duties must by nature be strictly deontological, i.e – the
ends must not come at the cost of the means
d) Professional duties must be judged only by what they achieve in line
with the ends prescribed by the ideals of business
17. Which of the following options are included in the ethics of fair treatment
of workers at workplace?
i) Physical safety of employees at the workplace
ii) Recreation facilities at the workplace
iii) Rights of workers to fairness and dignity
iv) Right of workers to have a share in company’s profit
Which of the following are correct?
a) i and ii
b) i and iii
c) ii and iv
d) i, iii, and iv
18. Which of the following are the principles that need to be adopted in
Economics to deal with the Environment responsibly
i) Marketing of safe products and services
ii) Curtailing the use of energy by developing economies
iii) Reduction and Disposal of manufactured products
iv) Environmental Directors and Managers for enterprises and
corporations
a) i, iii and iv
b) i, ii and iii
c) ii and iv
d) i and iii
19. “A ______ is any individual or group who benefits from or is harmed by, or
whose rights are affected (violated, restricted or ignored) by an organization’s
action.” What is the most appropriate insertion in the blank
a) Victim
b) Stakeholder
c) Culprit
d) Shareholder
24. Which among the following are the entities that check and control conflict
of interest in a Govt Department?
i) Comptroller and Auditor General (CAG)
ii) Judiciary
iii) Commissions of Inquiry
iv) Ministry of Finance
Which of the following are correct?
a) i, ii and iii
b) i,ii, iii and iv
c) ii, iii and iv
d) i and iii
29. Which one has high risk, High safety, high cost and high price?
a) Nuclear power plant
b) Automobiles industry
c) Electrical industry
d) Electronic industry
30. In order to determine the risk, which of the following criterion should
have knowledge?
A) Knowledge of Risk
b) Uncertainties in Design
c) Testing for Safety
d) All of the above
St. JOSEPH’S COLLEGE OF ENGINEERING
Chennai -600 119
16. If you are an engineer wanting to become a manager, what will you do?
a. Develop new talents
b. Acquire new values
c. Broaden your point of view
d. All of the above
17. When engineer enters management, what is the most likely problem he
finds difficult to acquire?
a. Learning to trust others
b. Learning how to work through others
c. Learning how to take satisfaction in the work of others
d. All of the above
21. Actual performance normally is the same as the original plan and
therefore it is necessary to check for deviation and to take corrective action.
This action refers to what management function?
a. Organizing
b. Planning
c. Controlling
d. Staffing
27. If you want to use one program on thirty different computers, you should
a. Purchase a site license or buy enough copies for every computer
b. Buy two copies, in case one becomes damaged, and load it on all the
computers
c. Buy one copy and put it on all the computers
d. Borrow it from another school, copy it, and send it back promptly
31. All of the answers below are advantages to buying your own software
EXCEPT
a. Having instruction manuals or documentation.
b. Getting expert help from the software company.
c. Giving free copies to your friends
d. Having the personal satisfaction of doing what is ethical and legal