Free CFA Practice Test 58 Questions 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 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

Show/Hide Answer

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

CFA Notes Materials and QBanks

CFA Level 1 Notes
CFA Level 1 QBank: 1 to 10CFA Level 1 QBank: 11 to 20
CFA Level 1 QBank: 21 to 30CFA Level 1 QBank: 31 to 40
CFA Level 1 QBank: 41 to 50CFA Level 1 QBank: 51 to 60
CFA Level 1 QBank: 61 to 70CFA Level 1 QBank: 71 to 80
CFA Level 1 QBank: 81 to 90CFA Level 1 QBank: 91 to 100
CFA Level 1 QBank: 101 to 110CFA Level 1 QBank: 111 to 120
CFA Level 1 QBank: 121 to 130CFA Level 1 QBank: 131 to 140
CFA Level 1 QBank: 141 to 150CFA Level 1 QBank: 151 to 160
CFA Level 1 QBank: 161 to 170CFA Level 1 QBank: 171 to 180
CFA Level 1 QBank: 181 to 190CFA Level 1 QBank: 191 to 200
CFA Level 1 QBank: 201 to 210CFA Level 1 QBank: 211 to 220
CFA Level 1 QBank: 221 to 230CFA Level 1 QBank: 231 to 240
CFA Level 1 QBank: 241 to 250CFA Level 1 QBank: 251 to 260
CFA Level 1 QBank: 261 to 270CFA Level 1 QBank: 271 to 280
CFA Level 1 QBank: 281 to 290CFA Level 1 QBank: 291 to 300
CFA Level 1 QBank: 301 to 310CFA Level 1 QBank: 311 to 320
CFA Level 1 QBank: 321 to 330CFA Level 1 QBank: 331 to 340
CFA Level 1 QBank: 341 to 350CFA Level 1 QBank: 351 to 360
CFA Level 1 QBank: 361 to 370CFA Level 1 QBank: 371 to 380
CFA Level 1 QBank: 381 to 390CFA Level 1 QBank: 391 to 400
CFA Level 1 QBank: 401 to 410CFA Level 1 QBank: 411 to 420
CFA Level 1 QBank: 421 to 430CFA Level 1 QBank: 431 to 440
CFA Level 1 QBank: 441 to 450CFA Level 1 QBank: 451 to 460
CFA Level 1 QBank: 461 to 470
CFA Level 1 QBank: 481 to 480CFA Level 1 QBank: 491 to 500
CFA Level 1 QBank: 501 to 510CFA Level 1 QBank: 511 to 520
CFA Level 1 QBank: 521 to 530CFA Level 1 QBank: 531 to 540
CFA Level 1 QBank: 541 to 550CFA Level 1 QBank: 551 to 560
CFA Level 1 QBank: 561 to 570CFA Level 1 QBank: 571 to 580
CFA Level 1 QBank: 581 to 590CFA Level 1 QBank: 591 to 600
CFA Level 1 QBank: 601 to 610CFA Level 1 QBank: 611 to 620

Leave a Reply