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 Test 52 Practice Sample 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: 511:**

A two-tailed test of the null hypothesis that the mean of a distribution is equal to 4.00 has a p-value of 0.0567. Using a 5% level of significance (i.e., α =0.05), the best conclusion is to:

**Option A** : reject the null hypothesis

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

**Option C** : increase the level of significance to 5.67%

**Show/Hide Answer**

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

**CFA Level 1 Exam Question No: 512:**

In Elliott Wave Theory, Wave 2 commonly exhibits a pattern best described as a(n):

**Option A**: basing pattern consisting of five smaller waves

**Option B**: Fibonacci ratio percentage retracement composed of three smaller waves

**Option C**: uptrend moving above the high of Wave 1 and consisting of five smaller waves

**Show/Hide Answer**

**Option B :Fibonacci ratio percentage retracement composed of three smaller waves**

**Free CFA Level 1 Mock Exam Question No: 513:**

An investor wants to maximize the possibility of earning at least 5% on her investments each year. Using Roy’s safety-first criterion, which of the following portfolios is the most appropriate choice?

**Option A**: Portfolio 1

**Option B**: Portfolio 2

**Option C**: Portfolio 3

**Show/Hide Answer**

**Option B : Portfolio 2**

**CFA Level 1 Free Practice Question No: 514:**

Which of the following is the least likely characteristic of the normal probability distribution? The normal probability distribution:

**Option A**: has kurtosis of 3.0

**Option B**: has the same value for mean, median, and mode.

**Option C**: is more suitable as a model for asset prices than for returns.

**Show/Hide Answer**

**Option C : is more suitable as a model for asset prices than for returns.**

**Free CFA Practice Question No: 515:**

The nominal (quoted) annual interest rate on an automobile loan is 10%.The effective annual rate of the loan is 10.47%. The frequency of compounding periods per year for the loan is closest to:

**Option A**: weekly

**Option B**: monthly

**Option C**: quarterly

**Show/Hide Answer**

**Option B : monthly**

**CFA Level 1 Sample Question No: 516:**

Equity return series are best described as, for the most part:

**Option A**: platykurtotic (less peaked than a normal distribution)

**Option B**: leptokurtotic (more peaked than a normal distribution)

**Option C**: mesokurtotic (identical to the normal distribution in peakedness)

**Show/Hide Answer**

**Option B : leptokurtotic (more peaked than a normal distribution)**

**Free CFA Level 1 Quiz Question NO: 517:**

Event X and event Y are independent events. The probability of X is 0.2 [p(x)=0.2] and the probability of Y is 0.5 [P(Y)=0.5]. The joint probability of X and Y [P(X,Y)] is closest to:

**Option A**: 0.1

**Option B**: 0.3

**Option C**: 0.7

**Show/Hide Answer**

**Option A : 0.1**

**Free CFA Level 1 Quiz Question NO: 518:**

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

**Option A**: support level

**Option B**: resistance level

**Option C**: change in polarity point

**Show/Hide Answer**

**Option A : support level**

**Free CFA Practice Question No: 519:**

Assume that a stock’s price over the next two periods is as shown blow.

The initial value of the stock is $80. The probability of an up move in any given period is 75% and the probability of a down move in any given period is 25%. Using the binomial model, the probability that the stock’s price will be $79.20 at the end of two periods is closest to:

**Option A**: 18.75%

**Option B**: 37.5%

**Option C**: 56.25%

**Show/Hide Answer**

**Option B : 37.5%**

**CFA Mock Exam Free Question No: 520:**

Which of the following statements of null and alternative hypotheses requires a two-

tailed test?

**Option A**: H_{0}: θ = θ_{0} versus H_{a}: θ ≠ θ_{0}

**Option B**: H_{0}: θ ≤ θ_{0} versus H_{a}: θ > θ_{0}

**Option C**: H_{0}: θ ≥ θ_{0} versus H_{a}: θ < θ_{0}

**Show/Hide Answer**

**Option A : H _{0}: θ = θ_{0} versus H_{a}: θ ≠ θ_{0}**