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 50 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: 491:**

The following information is available for a portfolio:

The return on the portfolio is closest to:

**Option A** : 10.0%

**Option B** : 8.2%

**Option C** : 10.8%

**Show/Hide Answer**

**Option C: 10.8% **

**CFA Level 1 Exam Question No: 492:**

A sample of 240 managed portfolios has a mean annual return of 0.11 and a standard deviation of returns of 0.23. The standard error of the sample mean is closest to:

**Option A**: 0.00096

**Option B**: 0.00710

**Option C**: 0.01485

**Show/Hide Answer**

**Option C: 0.01485**

**Free CFA Level 1 Mock Exam Question No: 493:**

A two-tailed t-test of the hypothesis that the population mean differs from zero has a p-value of 0.0275. Using a significance level of 5%, the most appropriate conclusion is:

**Option A**: to accept the null hypothesis

**Option B**: to reject the null hypothesis

**Option C**: that the chosen significance level is too high

**Show/Hide Answer**

**Option B: to reject the null hypothesis**

**CFA Level 1 Free Practice Question No: 494:**

Monte Carlo simulation is best described as:

**Option A**: a restrictive form of scenario analysis

**Option B**: providing a distribution of possible solutions to complex functions

**Option C**: an approach to backtest data

**Show/Hide Answer**

**Option B : providing a distribution of possible solutions to complex functions**

**Free CFA Practice Question No: 495:**

The belief that trends and patterns tend to repeat themselves and are, therefore, somewhat predictable best describes:

**Option A**: arbitrage pricing theory

**Option B**: technical analysis

**Option C**: weak-form efficiency

**Show/Hide Answer**

**Option B : technical analysis**

**CFA Level 1 Sample Question No: 496:**

Which of the following most accurately describes a distribution that is more peaked than normal?

**Option A**: Mesokurtotic

**Option B**: Platykurtotic

**Option C**: Leptokurtotic

**Show/Hide Answer**

**Option C : Leptokurtotic**

**Free CFA Level 1 Quiz Question NO: 497:**

The null hypothesis is most likely to be rejected when the p-value of the test statistic:

**Option A**: exceeds a specified level of significance

**Option B**: is negative

**Option C**: falls below a specified level of significance

**Show/Hide Answer**

**Option C : falls below a specified level of significance**

**Free CFA Level 1 Quiz Question NO: 498:**

Using the following sample results drawn as 25 paired observations from their underlying distributions, test whether the mean returns of the two portfolios differ from each other at the 1% level of statistical significance. Assume the underlying distributions of returns for each portfolio are normal and that their population variances are not known.

Based on the paired comparisons test of the two portfolios, the most appropriate conclusion is that но should be:

**Option A**: accepted because the computed test statistic is less than 2.807

**Option B**: rejected because the computed test statistic exceeds 2.807

**Option C**: accepted because the computed test statistic exceeds 2.807

**Show/Hide Answer**

**Option B: rejected because the computed test statistic exceeds 2.807**

**Free CFA Practice Question No: 499:**

Over the past four years, a portfolio experienced returns of -8%, 4%, 17%, and -12%. The geometric mean return of the portfolio over the four-year period is closest to:

**Option A**: 0.99%

**Option B**: -0.37%

**Option C**: 0.25%

**Show/Hide Answer**

**Option B : -0.37%**

**CFA Mock Exam Free Question No: 500:**

Based on historical returns, a portfolio has a Sharpe ratio of 2.0. If the mean return to the portfolio is 20%, and the mean return to a risk-free asset is 4%, the standard deviation of return of the portfolio is closest to:

**Option A**: 12%

**Option B**: 8%

**Option C**: 10%

**Show/Hide Answer**

**Option B : 8%**