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 Test 52 Practice Sample 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: 511:
A two-tailed test of the null hypothesis that the mean of a distribution is equal to 4.00 has a p-value of 0.0567. Using a 5% level of significance (i.e., α =0.05), the best conclusion is to:
Option A : reject the null hypothesis
Option B : fail to reject the null hypothesis
Option C : increase the level of significance to 5.67%
Show/Hide Answer
Option B : fail to reject the null hypothesis
CFA Level 1 Exam Question No: 512:
In Elliott Wave Theory, Wave 2 commonly exhibits a pattern best described as a(n):
Option A: basing pattern consisting of five smaller waves
Option B: Fibonacci ratio percentage retracement composed of three smaller waves
Option C: uptrend moving above the high of Wave 1 and consisting of five smaller waves
Show/Hide Answer
Option B :Fibonacci ratio percentage retracement composed of three smaller waves
Free CFA Level 1 Mock Exam Question No: 513:
An investor wants to maximize the possibility of earning at least 5% on her investments each year. Using Roy’s safety-first criterion, which of the following portfolios is the most appropriate choice?
Option A: Portfolio 1
Option B: Portfolio 2
Option C: Portfolio 3
Show/Hide Answer
Option B : Portfolio 2
CFA Level 1 Free Practice Question No: 514:
Which of the following is the least likely characteristic of the normal probability distribution? The normal probability distribution:
Option A: has kurtosis of 3.0
Option B: has the same value for mean, median, and mode.
Option C: is more suitable as a model for asset prices than for returns.
Show/Hide Answer
Option C : is more suitable as a model for asset prices than for returns.
Free CFA Practice Question No: 515:
The nominal (quoted) annual interest rate on an automobile loan is 10%.The effective annual rate of the loan is 10.47%. The frequency of compounding periods per year for the loan is closest to:
Option A: weekly
Option B: monthly
Option C: quarterly
Show/Hide Answer
Option B : monthly
CFA Level 1 Sample Question No: 516:
Equity return series are best described as, for the most part:
Option A: platykurtotic (less peaked than a normal distribution)
Option B: leptokurtotic (more peaked than a normal distribution)
Option C: mesokurtotic (identical to the normal distribution in peakedness)
Show/Hide Answer
Option B : leptokurtotic (more peaked than a normal distribution)
Free CFA Level 1 Quiz Question NO: 517:
Event X and event Y are independent events. The probability of X is 0.2 [p(x)=0.2] and the probability of Y is 0.5 [P(Y)=0.5]. The joint probability of X and Y [P(X,Y)] is closest to:
Option A: 0.1
Option B: 0.3
Option C: 0.7
Show/Hide Answer
Option A : 0.1
Free CFA Level 1 Quiz Question NO: 518:
A stock is declining in price and reaches a price range wherein buying activity is sufficient to stop the decline. This is best described as a:
Option A: support level
Option B: resistance level
Option C: change in polarity point
Show/Hide Answer
Option A : support level
Free CFA Practice Question No: 519:
Assume that a stock’s price over the next two periods is as shown blow.
The initial value of the stock is $80. The probability of an up move in any given period is 75% and the probability of a down move in any given period is 25%. Using the binomial model, the probability that the stock’s price will be $79.20 at the end of two periods is closest to:
Option A: 18.75%
Option B: 37.5%
Option C: 56.25%
Show/Hide Answer
Option B : 37.5%
CFA Mock Exam Free Question No: 520:
Which of the following statements of null and alternative hypotheses requires a two-
tailed test?
Option A: H0: θ = θ0 versus Ha: θ ≠ θ0
Option B: H0: θ ≤ θ0 versus Ha: θ > θ0
Option C: H0: θ ≥ θ0 versus Ha: θ < θ0
Show/Hide Answer
Option A : H0: θ = θ0 versus Ha: θ ≠ θ0
