CFA L1 Notes

R16 练习: Introduction to Geopolitics

17分钟阅读

R16 练习: 地缘政治概论

考纲范围

  • describe geopolitics from a cooperation versus competition perspective.
  • describe geopolitics and its relationship with globalization.
  • describe functions and objectives of the international organizations that facilitate trade, including the World Bank, the International Monetary Fund, and the World Trade Organization.
  • describe geopolitical risk.
  • describe tools of geopolitics and their impact on regions and economies.
  • describe the impact of geopolitical risk on investments.

Q1.

Which of the following actions is least likely a form of geopolitical cooperation?

A. Lack of technology exchange

B. Reciprocation

C. Free movement across borders

Q2.

Which of the following is not a motive for national political cooperation?

A. Economic interest

B. Military interest

C. Nationalism interest

Q3.

Which of the following statements about globalization is least accurate?

A. Globalization may improve the profits of companies.

B. The process of reducing barriers between global enterprises and organizations can reduce overall economic benefits.

C. Globalization can reduce the labor cost and raw material cost of the companies.

Q4.

Which of the following is not a cost of globalization?

A. Unequal accrual of economic and financial gains

B. Lower environmental, social, and governance standards

C. Independence

Q5.

Which of the following statements best describes the relationship between globalization and cooperation?

A. National cooperation can accelerate the process of globalization.

B. The process of globalization depends on national cooperation.

C. None of the above is true.

Q6.

Which of the following is not one of the International Monetary Fund’s main mandates?

A. Support exchange rate stability

B. Improve the monitoring of global, regional, and country economies

C. Develop financial systems robust enough to support financing activities

Q7.

Which of the following international trade bodies assists its member nations in making the necessary long-term economic and social advancements by providing analysis, guidance, and information service as well as improving the capabilities of its partners, especially the people in emerging nations and their employees?

A. World Bank Group

B. World Trade Organization

C. European Monetary Union

Q8.

Which of the following archetype is least likely to experience by a country when it actively participates in globalization?

A. Autarky

B. Multilateralism

C. Hegemony

Q9.

Which of the following statements regarding the country’s behavior of autarky is most accurate?

A. Autarky countries pursue a high degree of economic involvement in international trade.

B. Autarky can provide a country with economic development due to the high degree of government control over production and service markets in a long run.

C. Autarky countries tend to have greater control over strategic domestic industries by state-owned enterprises.

Q10.

Which of the following is least likely to be true when talking about archetypes of country behavior?

A. The state behaviors taken by different countries at different times or under different conditions may change.

B. Investors should take a stable perspective when analyzing the geopolitical risk of the involved parties.

C. Different archetypes have different costs and benefits, which in turn bring different degrees of geopolitical risk.

Q11.

Which of the following statement about national security tools is most accurate?

A. National security tools are used to directly impact on country’s resources, people, and border.

B. Using spies to obtain important information is a typical indirect national security tool.

C. National security tools are used in a non-cooperative way.

Q12.

Armed conflict as the most extreme example of national security is _______.

A. a direct and inactive national security tool.

B. external to a country in nature.

C. the involvement in the disruption of a country’s physical infrastructure.

Q13.

Two undergraduates are discussing topics of geopolitical risks and tools.

Statement 1: Countries or regions with higher geopolitical risks may attract more labor and capital.

Statement 2: Industries within different countries are not likely to experience greater economies of scale through international exchange and specialization.

Which of the statement(s) above is(are) most likely correct?

A. Statement 1

B. Statement 2

C. Neither statement

Q14.

Which of the following events would least likely to be deemed as an exogenous risk?

A. Military invasion

B. An election with an unexpected outcome

C. The economy taking a sudden upswing

Q15.

Which of the following statements is most likely correct when incorporating geopolitics into investment activities?

A. The likelihood of geopolitical risks shall be estimated accurately using quantitative models and then built into investment decisions.

B. The more a country is collaborative and interconnected with other partners, the more it is sensible and vulnerable to an occurring geopolitical risk.

C. Geopolitical risks occur periodically, therefore it is necessary to evaluate the velocity of possible events.

Q16.

When assessing the velocity of a geopolitical risk that impacts investment portfolios, which of the following statements is most likely correct?

A. High velocity (short-term) causes market volatilities, it is, therefore, more appropriate to steer away from the invested classes.

B. Medium-term impacts start to affect costs of firms, as well as investment opportunities, however, there seems to be more impact on certain sectors than others.

C. Long-term risks tend to mainly affect the environment, society, and governance, but do not affect asset allocations and investment styles.

关系图谱

反向链接