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 Sample Quiz 60 Questions Answer Keys AMBIPi
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: 591:
Francesca Ndenda, CFA, and Grace Rutabingwa work in the same department for New Age Managers, with Rutabingwa reporting to Ndenda. Ndenda learns that Rutabingwa received a Notice of Enquiry from the Professional Conduct Program at CFA Institute regarding a potential cheating violation when she sat for the CFA exam in May. As Rutabingwa’s supervisor, Ndenda is afraid that Rutabingwa’s behavior will be seen as a violation of the Code and Standards. Does Ndenda most likely have cause for concern?
Option A: No, not until Rutabingwa is found guilty of cheating
Option B: Yes
Option C: No, because her responsibilities do not apply
Show/Hide Answer
Option C : No, because her responsibilities do not apply
CFA Level 1 Exam Question No: 592:
According the GIPS standards, for periods beginning on or after 1 January 2011, the aggregate fair value of total firm assets most likely includes all:
Option A: fee-paying discretionary accounts
Option B: fee-and non-fee-paying discretionary accounts
Option C: fee-and non-fee-paying discretionary and non-discretionary accounts
Show/Hide Answer
Option C : fee-and non-fee-paying discretionary and non-discretionary accounts
Free CFA Level 1 Mock Exam Question No: 593:
The market demand function for item X is a function of its price, household income, and the price of the item Given the above elasticity coefficients for the two items, which of the following statements is most accurate?
Option A: X and Y are substitutes
Option B: Demand for X is elastic
Option C: Item X is an inferior good
Show/Hide Answer
Option A : X and Y are substitutes
CFA Level 1 Free Practice Question No: 594:
The monthly demand curve for playing tennis at a particular club is given by the following equation: PTeanis Match =9-0.20* QTeanis Match. The club currently charges members $4.00 to play a match but is considering changing to a new flat-rate monthly membership fee for unlimited play. The most that the club will be able to charge for the flat-rate monthly membership is closest to:
Option A: $40.00
Option B: $62.50
Option C: $162.50
Show/Hide Answer
Option B : $62.50
Free CFA Practice Question No: 595:
With its existing production facilities, a monopolist firm can produce up to 100 units. It faces the following demand and cost schedules:
The optimal output level for this producer (in units) is closest to:
Option A: 20
Option B: 60
Option C: 100
Show/Hide Answer
Option B : 60
CFA Level 1 Sample Question No: 596:
The following information applies to an economy:
The unemployment rate in the economy is closest to the:
Option A: 9.7%
Option B: 12.6%
Option C: 16.0%
Show/Hide Answer
Option B : 12.6%
Free CFA Level 1 Quiz Question NO: 597:
In an economy, consumption is 70% of pre-tax income and the average tax rate is 25% of total income. If planned government expenditures are expected to increase by $1.25 billion, the increase in total incomes and spending (S in billions) is closest to:
Option A: $1.3
Option B: $2.6
Option C: $4.2
Show/Hide Answer
Option C : $4.2
Free CFA Level 1 Quiz Question NO: 598:
Which of the following statements best describes an advantage of a forward contract over a futures contract? A forward contract:
Option A: Is essentially free of default risk
Option B: Can easily be offset prior to the expiration
Option C: Allows parties to enter into a customized transaction
Show/Hide Answer
Option C : Allows parties to enter into a customized transaction
Free CFA Practice Question No: 599:
A forward rate agreement (FRA) that expires in 180 days and is based on 90-day LIBOR is quoted at 2.2%. At the expiration of the FRA, 90-day LIBOR is 2.8%. For a notional principal of USD1,000,000, the payoff of this FRA is closest to:
Option A: USD1,469.31
Option B: USD1,489.57
Option C: USD1,500.00
Show/Hide Answer
Option B : USD1,489.57
CFA Mock Exam Free Question No: 600:
Consider a U.S. Treasury bond futures contract where the hypothetical deliverable bond has a coupon of 3.0%. At the expiration of the futures contract, the short chooses to deliver a bond with a coupon of 3.8%. The conversion factor of this bond is the most likely.
Option A: Equal to 1
Option B: Less than 1
Option C: Greater than 1
Show/Hide Answer
Option C : Greater than 1
