Hi CFA Aspirants, welcome to AKVTutorials. Are you preparing for CFA Level 1, 2, 3 exams for making a career in CFA (Charted Financial Analyst). According to CFA Wikipedia, CFA The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the American-based CFA Institute. A candidate who successfully completes the program and meets other professional requirements is awarded the “CFA charter” and becomes a “CFA charter holder”. Therefore, you need CFA Study Notes and Free CFA Level 1 Practice Test 51 Questions CFA Mock Exam Answer
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In this article, you will get Free CFA Level 1 Mock Exam Practice Questions.
Free CFA Level 1 Mock Practice Exam Questions Bank
Free CFA Level 1 Practice Question No: 511:
The following 10 observations are a sample drawn from an approximately normal population:
The sample standard deviation is closest to:
Option A : 13.18
Option B : 12.50
Option C : 11.92
Show/Hide Answer
Option A: 13.18
CFA Level 1 Exam Question No: 512:
The following ten observations are a sample drawn from an approximately normal population:
The sample standard deviation is closest to:
Option A: 17.56
Option B: 18.58
Option C: 19.59
Show/Hide Answer
Option C : 19.59
Free CFA Level 1 Mock Exam Question No: 513:
Which of the following most accurately describes how to standardize a random variable X?
Option A: Subtract the mean of X from X, and then divide that result by the standard deviation of Х.
Option B: Subtract the mean of X from X, and then divide that result by the standard deviation of the standard normal distribution
Option C: Divide x by the difference between the standard deviation of X and the standard deviation of the standard normal distribution
Show/Hide Answer
Option A : Subtract the mean of X from X, and then divide that result by the standard deviation of Х.
CFA Level 1 Free Practice Question No: 514:
A descriptive measure of a population characteristic is best described as a:
Option A: parameter
Option B: frequency distribution
Option C: sample statistic
Show/Hide Answer
Option A : parameter
Free CFA Practice Question No: 515:
In generating an estimate of a population parameter, a larger sample size is most likely to improve the estimator’s:
Option A: consistency
Option B: efficiency
Option C: unbiasedness
Show/Hide Answer
Option C : consistency
CFA Level 1 Sample Question No: 516:
The probability of Event A is 40%. The probability of Event В is 60%. The joint probability of AB is 40%. The probability (P) that A or В occurs, or both occur, is closest to:
Option A: 60%
Option B: 40%
Option C: 84%
Show/Hide Answer
Option A : 60%
Free CFA Level 1 Quiz Question NO: 517:
A U.S. Treasury bill (T-bill) has 90 days to maturity and a bank discount yield of 3.25%. The effective annual yield (EAY) for the T-bill is closest to:
Option A: 3.29%
Option B: 3.32%
Option C: 3.36%
Show/Hide Answer
Option C : 3.36%
Free CFA Level 1 Quiz Question NO: 518:
A borrower is considering three competing mortgage loan offers from her bank. The amount borrowed on the mortgage is $100,000 with monthly compounding.
The rate on the ARM resets at the end of Year 3. Assuming the ARM is reset at 5.500% (i.e., the remaining balance on the loan will now be repaid with 5.500% nominal annual interest), which of the three loans will have the smallest monthly payment after the rate reset at the end of Year 3?
Option A: 30-year ARM
Option B: 15-year fixed-rate loan
Option C: 30-year fixed-rate loan
Show/Hide Answer
Option C : 30-year fixed-rate loan
Free CFA Practice Question No: 519:
By definition, the probability of any event, E, is a number between:
Option A: zero and positive one
Option B: zero and positive infinity
Option C: minus one and positive one
Show/Hide Answer
Option A : zero and positive one
CFA Mock Exam Free Question No: 520:
In setting the confidence interval for the population mean of a normal or approximately normal distribution and given that the sample size is small, Student’s t-distribution is the preferred approach when the variance is:
Option A: large
Option B: known
Option C: unknown
Show/Hide Answer
Option C : unknown
