CFA Sample Exam Test 49 Questions for Level 1 Answer Keys AMBIPi

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

CFA Notes Materials and QBanks

CFA Level 1 Notes
CFA Level 1 QBank: 1 to 10CFA Level 1 QBank: 11 to 20
CFA Level 1 QBank: 21 to 30CFA Level 1 QBank: 31 to 40
CFA Level 1 QBank: 41 to 50CFA Level 1 QBank: 51 to 60
CFA Level 1 QBank: 61 to 70CFA Level 1 QBank: 71 to 80
CFA Level 1 QBank: 81 to 90CFA Level 1 QBank: 91 to 100
CFA Level 1 QBank: 101 to 110CFA Level 1 QBank: 111 to 120
CFA Level 1 QBank: 121 to 130CFA Level 1 QBank: 131 to 140
CFA Level 1 QBank: 141 to 150CFA Level 1 QBank: 151 to 160
CFA Level 1 QBank: 161 to 170CFA Level 1 QBank: 171 to 180
CFA Level 1 QBank: 181 to 190CFA Level 1 QBank: 191 to 200
CFA Level 1 QBank: 201 to 210CFA Level 1 QBank: 211 to 220
CFA Level 1 QBank: 221 to 230CFA Level 1 QBank: 231 to 240
CFA Level 1 QBank: 241 to 250CFA Level 1 QBank: 251 to 260
CFA Level 1 QBank: 261 to 270CFA Level 1 QBank: 271 to 280
CFA Level 1 QBank: 281 to 290CFA Level 1 QBank: 291 to 300
CFA Level 1 QBank: 301 to 310CFA Level 1 QBank: 311 to 320
CFA Level 1 QBank: 321 to 330CFA Level 1 QBank: 331 to 340
CFA Level 1 QBank: 341 to 350CFA Level 1 QBank: 351 to 360
CFA Level 1 QBank: 361 to 370CFA Level 1 QBank: 371 to 380
CFA Level 1 QBank: 381 to 390CFA Level 1 QBank: 391 to 400
CFA Level 1 QBank: 401 to 410CFA Level 1 QBank: 411 to 420
CFA Level 1 QBank: 421 to 430CFA Level 1 QBank: 431 to 440
CFA Level 1 QBank: 441 to 450CFA Level 1 QBank: 451 to 460
CFA Level 1 QBank: 461 to 470
CFA Level 1 QBank: 481 to 480CFA Level 1 QBank: 491 to 500
CFA Level 1 QBank: 501 to 510CFA Level 1 QBank: 511 to 520
CFA Level 1 QBank: 521 to 530CFA Level 1 QBank: 531 to 540
CFA Level 1 QBank: 541 to 550CFA Level 1 QBank: 551 to 560
CFA Level 1 QBank: 561 to 570CFA Level 1 QBank: 571 to 580
CFA Level 1 QBank: 581 to 590CFA Level 1 QBank: 591 to 600
CFA Level 1 QBank: 601 to 610CFA Level 1 QBank: 611 to 620

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