# 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

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:

• 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

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

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

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

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

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

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

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

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