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 Practice Test 58 Questions 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: 571:
An industry experiencing slow growth, high prices, and volumes insufficient to achieve economies of scale is most likely in the:
Option A : Shakeout stage
Option B : Mature stage
Option C : Embryonic stage
Show/Hide Answer
Option C : Embryonic stage
CFA Level 1 Exam Question No: 572:
Which of the following financial intermediaries is most likely to provide liquidity service to its clients?
Option A: Dealers
Option B: Brokers
Option C: Exchanges
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Option C : Dealers
Free CFA Level 1 Mock Exam Question No: 573:
The behavioral bias in which investors tend to avoid realizing losses but rather seek to realize gains is best described as:
Option A: The gambler’s fallacy
Option B: The disposition effect
Option C: Mental accounting
Show/Hide Answer
Option B : The disposition effect
CFA Level 1 Free Practice Question No: 574:
An investor buys a stock on margin and holds the position for one year.
Assuming that the interest on the loan and the dividend are both paid at the end of the year, the price at which the investor sold the stock is closest to:
Option A: $23.05
Option B: $23.38
Option C: $23.98
Show/Hide Answer
Option B : $23.38
Free CFA Practice Question No: 575:
Which of the following statements concerning the objectives of market regulation is least accurate? Regulators:
Option A: Set standards to ensure that all agents acting in the market are skilled
Option B: Ensure systems are in place to prevent fraud
Option C: Promote fair and orderly markets
Show/Hide Answer
Option A : Set standards to ensure that all agents acting in the market are skilled
CFA Level 1 Sample Question No: 576:
An observation that stocks with above average price-to-earnings ratios have consistently underperformed those with below average price-to-earnings ratios least likely contradicts which form of market efficiency?
Option A: Weak form
Option B: Semi-strong form
Option C: Strong form
Show/Hide Answer
Option A : Weak form
Free CFA Level 1 Quiz Question NO: 577:
Which of the following statements concerning financial regulatory bodies is least accurate? Financial regulatory bodies:
Option A: Act to level the playing field for market participants
Option B: Define minimum standards of competence for agents
Option C: Require that regulated firms maintain optimum levels of capital
Show/Hide Answer
Option C : Require that regulated firms maintain optimum levels of capital
Free CFA Level 1 Quiz Question NO: 578:
Carolina Ochoa, CFA, is the chief officer at Pantagonia Computing. Ochoa is currently the subject of an inquiry by Pantagonia’s corporate investigations department. The inquiry is the result of an anonymous complaint accusing Ochoa of falsifying travel expenses for senior management related to a government contract. According to the CFA Institute of Ethics and Standards of Professional Conduct, it is most appropriate for Ochoa to disclose the allegations:
Option A: To CFA Institute when the investigation concludes
Option B: On her Professional Conduct Statement
Option C: To CFA Institute if the allegations are proven correct
Show/Hide Answer
Option B : On her Professional Conduct Statement
Free CFA Practice Question No: 579:
Leana Inkster, CFA, was recently offered a senior management position within the trust department at a regional bank. The department is new, but the bank has plans to expand it significantly over the next few months. Inkster has been told she will be expected to help grow the client base of the trust department. She is informed that the trust department plans to conduct educational seminars and pursue the attendees as new clients. Inkster notices that recent seminar advertisements prepared by the bank’s marketing department do not mention investment products will be for sale at the seminar. The ads indicate attendees can “learn how to immediately add $100,000 to their net worth.” What should Inkster most likely do to avoid violating any CFA Institute Standards of Professional Conduct?
Option A: Decline to accept the new position
Option B: Accept the position and inform senior management of inadequate compliance procedures
Option C: Accept the position and revise the marketing material
Show/Hide Answer
Option A : Decline to accept the new position
CFA Mock Exam Free Question No: 580:
Beth Kozniak, a CFA candidate, is an independent licensed real estate broker and a well-known property investor. She is currently brokering the sale of a commercial property on behalf of a client in financial distress. If the client’s building is not sold within 30 days, he will lose the building to the bank. A year earlier, another client of Kozniak’s had expressed interest in purchasing this same property. However, she is unable to contact this client, and she has not discovered any other potential buyers. Given her distressed client’s limited time frame, Kozniak purchases the property herself and forgoes any sales commission. Six months later, she sells the property for a nice profit to the client who had earlier expressed interest in the property. Has Kozniak most likely violated the CFA Institute Standards of Professional Conduct?
Option A: No
Option B: Yes, she did not disclose her potential conflicts of interest to either client
Option C: Yes, she profited on the real estate to the detriment of her financially stressed client
Show/Hide Answer
Option A : No
