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%
