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 **CFA Sample Exam Test 49 Questions for Level 1 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: 481:**

For a positively skewed unimodal distribution, which of the following measures is most accurately described as the largest?

**Option A** : Median

**Option B** : Mean

**Option C** : Mode

**Show/Hide Answer**

**Option B : Mean**

**CFA Level 1 Exam Question No: 482:**

A technical analyst observes a head and shoulders pattern in a stock she has been following.

She notes the following information:

- Head Price $83.50
- Shoulder price $72.00
- Neckline price $65.75
- Current price $64.00

Based on this information, her estimate of the price target is closest to:

**Option A**: $59.50

**Option B**: $48.00

**Option C**: $44.50

**Show/Hide Answer**

**Option B : $48.00**

**Free CFA Level 1 Mock Exam Question No: 483:**

The following sample of 10 items is selected from a population. The population variance is unknown.

10 20 -8 2 -9 5 0 -8 3 21

The standard error of the sample mean is closest to:

**Option A**: 10.84

**Option B**: 3.43

**Option C**: 3.60

**Show/Hide Answer**

**Option B: 3.43**

**CFA Level 1 Free Practice Question No: 484:**

A portfolio manager estimates the probabilities of the following events for a mutual fund:

- Event A : the fund will earn a return of 5%
- Event B: the fund will earn a return below 5%

The least appropriate description of the events is that they are:

**Option A**: dependent

**Option B**: exhaustive

**Option C**: mutually exclusive

**Show/Hide Answer**

**Option B : exhaustive**

**Free CFA Practice Question No: 485:**

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 most appropriate approach when the variance is:

**Option A**: unknown

**Option B**: large

**Option C**: known

**Show/Hide Answer**

**Option A : unknown**

**CFA Level 1 Sample Question No: 486:**

A stock is declining in price and reaches a price range wherein buying activity is sufficient to stop the decline. This range is best described as the:

**Option A**: change in polarity point

**Option B**: resistance level

**Option C**: support level

**Show/Hide Answer**

**Option C : support level **

**Free CFA Level 1 Quiz Question NO: 487:**

An analyst collects data relating to five commonly used used measures of financial leverage and interest coverage for a randomly chosen sample of 300 firms. The data come from those firms’ fiscal year 2019 annual reports. These data are best characterized as:

**Option A**: time series

**Option B**: longitudinal

**Option C**: cross sectional

**Show/Hide Answer**

**Option C: cross sectional**

**Free CFA Level 1 Quiz Question NO: 488:**

A sample of 25 observations has a mean of 8 and a standard deviation of 15. The standard error of the sample mean is closest to:

**Option A**: 1.60

**Option B**: 3.00

**Option C**: 3.06

**Show/Hide Answer**

**Option B : 3.00**

**Free CFA Practice Question No: 489:**

If a stock’s continuously compounded return is normally distributed, then the distribution of the future stock price is best described as being:

**Option A**: a Student’s t

**Option B**: lognormal

**Option C**: normal

**Show/Hide Answer**

**Option B : lognormal**

**CFA Mock Exam Free Question No: 490:**

Independent samples drawn from normally distributed populations exhibit the following characteristics:

Assuming that the variances of the underlying populations are equal, the pooled estimate of the common variance is 2,678.05. The t-test statistic appropriate to test the hypothesis that the two population means are equal is closest to:

**Option A**: 1.90

**Option B**: 0.29

**Option C**: 0.94

**Show/Hide Answer**

**Option C: 0.94**