Can a camshaft position sensor be tested by an ohm meter. Have 2001 Volvo S40. Has spark and injectors spray fuel.Timing marks good, belt replace year ago. Code 2nd bank misfire.

Make sure all electrical connectors are in fact connected, especially on the transmission side of the engine, under the air boxes and ductiing. Signals from the crankshaft position sensor and camshaft position sensor(s) are what tell the ECM to fire the spark plugs and fire the fuel injectors.

what have you actually got

no spark is from cam/crank position sensors faulty, faulty ignition control module
but you say fire to injectors -- do you mean power to injectors
if you have power but the injectors are not squirting---low /no fuel pressure = faulty fuel pump / no power to pump , faulty pressure regulator , pump relay problem
At this point check for a broken timing belt/ chain

Here's a link to your code.

Thanks for choosing FixYa and welcome. Check your timing belt/chain first. Check all of your fuses also, just in case. The camshaft is a possible cause to your issue. The signal may not be getting back to the computer. In order to find the issue, you will need to get a voltage meter to test the parts of the ignition system. Make sure the spark is a good spark, as well as the fuel pressure.

i took the exhaust cam pulley off my 01 s40 while replacing timing belt and seals. in doing so the camshaft moved out of time. now i am lost because i cant find a timing mark on the shaft itself. does anybody know how to reset the exaust cam to where its suppose to be? i could not believe the pulley was'nt keyed in or something. please help!

EGR may be sticking open causing lean fuel issue .

Click on the following free direct Link. It has the Timing: Belt and Mark Diagrams for your 2001 Volvo S40. Plus additional Instructional and Directional Diagrams.

Let me know if this helped, or if you have additional information or questions. Feel Free to contact me at FixYa.com!

http://www.2carpros.com/car_repair_information/year/2001/make/volvo/model/s40/2001_volvo_s40_timing_belt_diagram_marks.htm

My apologies for the delayed response. I am going back and answering questions that were never answered.
Click on the following Link. It has all the Diagrams for the Timing Belt you will need.
Before Clicking, let me know if this helped.
Again my sincerest apologies...

http://www.2carpros.com/car_repair_information/year/2001/make/volvo/model/s40/2001_volvo_s40_timing_belt_diagram_marks.htm

sorry your tiburon won'y start and you have spent so much money with no results.so lets start with basics, is battery voltage at least 12 volts and does the engine crank over ?, next do you have fuel pressure of 50 psi and good volume?remove a fuel injector electical connector and test for injector pulse.then perform a fuel pressure drop test on each inj.this will tell you if they are spraying.do you have good spark at all the sparkplugs? perform a compression test, spec is 203-218 psi. next you will need to check camshaft timing by bring # 1 cyl. to tdc on the compression stroke and checking the timing marks on the crank and camshaft gears.wish you the best let me know the results.

You're going to have to figure out what's causing the misfire. The car is almost 10 years old, so change the plugs to start with. If you still have a misfire, go to auto zone and have them pull the codes to find out which cylinder is the issue. Then figure out fuel or spark? Coil or injector? Was there a lean code? Check for a vacuum leak. Change the fuel filter and air filter for maintanence. The cruise control may be another issue.