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Reading 4: Global Investment Performance Standards (GIPS) -

Q1. The provisions for each section of the Global Investment Performance Standards (GIPS) are divided between:

A)   requirements and recommendations.

B)   minimum standards and recommendations.

C)   fee-paying and non fee-paying portfolios.

Q2. Within the Global Investment Performance Standards (GIPS) are supplemental provisions which must be applied to which of the following asset classes?

A)   Emerging markets and private equity.

B)   Alternative investments and derivatives.

C)   Private equity and real estate.

Q3. The section of the Global Investment Performance Standards (GIPS) that outlines defining the firm and documenting firm policies and procedures is:

A)   Presentation and Reporting.

B)   Disclosures.

C)   Fundamentals of Compliance.

Q4. All of the following are titles of one of the eight sections of the Global Investment Performance Standards (GIPS) EXCEPT:

A)   Real Estate.

B)   Input Data.

C)   Implementation.

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