CFA Level 1 Practice Questions, Mock Exam & Quiz

We have compiled a list of CFA Level 1 Practice Questions for you to try out for FREE. This could be a great help while preparing for the Global Financial Exam and obtain the CFA Charter.

CFA or Chartered Financial Analyst Exam

Call it a notoriously challenging qualification or a tough exam to crack, no doubt clearing the CFA exam isn’t a cakewalk. A lot of hard work, consistent efforts and time management is what you need to pass the three CFA levels.

So, are you preparing for the Chartered Financial Analyst Exam or a CFA aspirant? Are you hunting for CFA sample papers, practice tests and mock exams? But, what you get is highly-priced CFA study material packages and study notes with pricey tags. Relax!!

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That’s the reason why we started this CFA Preparation Section where we’ll be sharing quiz, Mock Exams & Practice material for those preparing for the CFA qualification. And the best part, its FREE to try any of these questions.

A set of CFA Level 1 Quiz based on the different subjects and topics you have to study in your CFA curriculum.

Before solving that, if you wish to dig more, you can have a look at CFA Level 1 Course Fees, Eligibility & Program Details

What are you waiting for? Go ahead and check your CFA preparation level.

Test Your CFA Level 1 Knowledge: Quiz 1

300

Created on August 12, 2020 By admin

CFA Level I Quantitative Methods

Questions relating to Quantitative Methods

1 / 10

Efficiency of an unbiased estimator is measured by its:

Mean value

Variance

Sample Size

Wrong

Correct

2 / 10

Intergenerational data mining involves using:

information established by preceding researchers for guiding current research.

information that might not be become publicly available until sometime in the future.

an extensive search of variables in an international database.

Wrong

Correct

3 / 10

A discrete probability distribution is the same as

an absolute frequency distribution

a relative frequency distribution

a collection of all possible outcomes of an experiment

4 / 10

A numerical descriptive measure of a population, usually unknown is known as

Statistics

Parameter

Point Estimator

5 / 10

You can best summarize a large mass of data pictorially by means of

Histogram

A Range

Frequency Table

6 / 10

If the Mean, Median and Mode of a distribution are 3.5, 3.8 and 4 respectively, the distribution is said to be:

Positively Skewed

Negatively Skewed

Symmetrical

7 / 10

As the degrees of freedom increases and the t-statistic approaches towards the z-statistic, the tails of the distribution most likely become:

thinner.

thicker.

unchanged.

8 / 10

Given the Probabilities as:

P(A) = 35%

P(B) = 65%

P(B | A) = 65%

What is the probability that Event A and Event B occur?

35%

65%

22.75%

9 / 10

In a positively skewed distribution:

Mean=Median

Mean>Median

Mode>Median

10 / 10

A property and potential benefit of using arithmetic mean is its ability to:

focus on relative positions of the ranked observations.

use all the data about size and magnitude of the observations.

handle extreme values.

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Test Your CFA Level 1 Knowledge: Quiz 2

214

Created on September 11, 2020 By admin

CFA Level 1 Economics

Questions relating to Economics

1 / 10

Inflation in a country usually leads to

appreciation in its own currency.

depreciation in its own currency.

no impact on real exchange rates.

2 / 10

Inferior goods refer to

goods whose demand increases with increase in income.

goods having positive income elasticity of demand.

goods whose demand falls with increase in income.

3 / 10

Hyperinflation is caused by

reduction in money supply.

increase in money supply and demand-pull inflation.

rapid fall in demand of goods.

4 / 10

Which of the statements is correct? GDP or Gross Domestic Product is

Monetary value of final goods & services produced in a country in a given period.

calculated through “Production approach” only i.e. sum up value added at each stage of production.

doesn’t reflect the general health of the economy.

5 / 10

Which of the following statements is correct? A government’s fiscal deficit can be financed by

Combination of Inflows of foreign savings & private sector savings.

Increase in domestic savings

Trade surplus

6 / 10

The changes in prices of all the goods and services produced in economy can be measured by

Producer Price Index

Consumer Price Index

GDP Price Deflator

7 / 10

Leading Economic Indicators (LEI) are:

Statistics that depict economy’s past conditions.

Statistics that precede major economic events and used to predict future movements.

identifiable only when an economic trend or event has occurred.

8 / 10

What does a negative cross-price elasticity between two goods indicate? They are likely to be

complements.

substitutes.

inferior goods.

9 / 10

John is researching on an industry. He discovers it has numerous buyers and sellers. There is free entry and exit in the market. The firms’ motive is profit maximization and there is no consumer preference. So, what kind of market structure the industry has?

Oligopoly

Monopolistic Competition

Perfect Competition

10 / 10

Which one of these is least likely to cause a shift in the long-run aggregate supply curve?

Stock of Physical Capital

Input Price

Change in technology

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Don’t worry!! Even if you didn’t score well in the practice questions, you can come out with flying colors in the real exam. After all, this is simply a learning session to achieve your goals in the actual CFA exam.

Another refresher quiz to freshen up your financial basics. Of course, this isn’t for the CFA Level , but to enhance your basic financial knowledge.

325

Created on August 25, 2020 By admin

Investment Basics Quiz

1 / 10

The Rule of 72 determines how long will it take for

an investment to double.

debt to double.

risk to reduce.

2 / 10

When you are buying a stock, you get a small piece of

Risk of Company

Debt of Company

Ownership of Company

3 / 10

What is Compound Interest?

A fixed percentage of principal amount

Earn interest on not only your principal, but also on the interest you’ve already made.

Variable interest rate

4 / 10

Which of the following Investment is considered to be the riskiest?

Gold

Stocks

Mutual Funds

5 / 10

Derivatives can be classified as

Futures & Options

Forwards

All of these

6 / 10

A private company going public for the first time by sale of its stocks to raise capital

Initial Public Offering (IPO)

Right Issue

Bonus Issue

7 / 10

An account to hold shares and securities in an electronic format

Trading Account

Bank Account

Demat Account

8 / 10

A pool of money collected from various investors and put in a variety of financial instruments like stocks, bonds, money market instruments, etc.

Equity

Mutual Funds

Bonds

9 / 10

A bull market is when

the market is down

the market is up i.e. on the rise

the market is stable

10 / 10

A Trading Account is

used to store securities.

similar to a bank account.

buy and sell i.e. trade in securities.

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To gather in-depth information on this globally recognised professional examination, you can explore CFA Certification: How to become a Chartered Financial Analyst?

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