It seems that you have to know which answers apply to each individual standard quite a few times in Qbank and I don’t really see any other way to do that except memorizing them, but that just seems ridiculous to memorize all of them.
How are you guys handling it?
I don’t think there’s any other way to do it. In my opinion, I think you just have to know which standards apply for individual problem case. I don’t think it’s necessary to know how the standards are arranged.
For instance, I think it’s necesary to know that artificially propping up the market violates market manipulation standards, but it may not be necessary to know that this refers to Standards 2B and not 2A
Finally, i’d just be sticking with the CFAI ethics material and nothing else for the prepartion of the exam. Simply because unlike in other courses where you have standardized procedures, in ethics, you just have to learn things the CFA way and even material providers may be wrong in their interepretation of CFA standards. The CFAI material provides more than sufficient examples and going over this at least a day prior to the exam may be a good strategy.
Reading any other material exposes one to getting confused
Level 1 seems to be more about just memorization than understanding concepts.
My friends though (charterholders) say that a great way is to just do every question in the Qbank on ethics, and read all of the samples. CFAI likes to put on very similar situations, and at the least you will have a few precedent examples you can draw on. Cases make the concepts much more concrete in my mind.
The questions also tend to hone in on the EXCEPTIONS to the rules, which are every bit as important as the rules but are very hard to know just from reading the rules - you need to do cases.
I think time is better spent doing questions, and for the ones you get wrong, look at the wording of the standard, than simply memorizing the standards.
I’m avging about 75% on Schweser ethics at the moment. Will be doing quite a bit more before the exam. Plan is to finish the ethics Qbank and then read all the CFAI blue box examples/comments.