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Last Updated: Sep 18, 2026

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CFA CFA-Level-I Practice Q&A's

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CFA CFA-Level-I Exam Overview:

Certification Vendor:CFA Institute
Exam Name:CFA Level I Exam
Exam Number:CFA Level I
Exam Duration:270 minutes
Related Certifications:CFA Level III
CFA Level II
Real Exam Qty:180 multiple-choice questions
Certificate Validity Period:CFA charter does not expire once earned; Level I exam result does not expire for progression rules within CFA program policies
Passing Score:Minimum Passing Score (MPS) is not publicly disclosed
Exam Price:Approximately USD 900–1,200 (varies by registration timing and region)
Available Languages:English
Exam Format:Computer-based testing, Multiple choice (single correct answer)
Recommended Training:CFA Institute Learning Ecosystem
Exam Registration:CFA Program Registration
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-based testing at authorized test centers worldwide (in-person proctored exam)
Pre Condition:Bachelor's degree or final-year undergraduate student (or equivalent education/work experience). Valid international passport required.
Official Syllabus URL:https://www.cfainstitute.org/en/programs/cfa

CFA CFA-Level-I Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Ethical and Professional Standards15-20%- Code of Ethics and Standards of Professional Conduct
- Ethical Practices in Investment Management
Topic 2: Equity Investments10-12%- Equity Market Structure
- Security Valuation Basics
Topic 3: Economics8-12%- Microeconomics
- Macroeconomics
Topic 4: Quantitative Methods8-12%- Statistical Concepts and Probability
- Sampling and Estimation
- Time Value of Money
Topic 5: Financial Statement Analysis13-17%- Financial Reporting Standards (IFRS/GAAP)
- Income Statement, Balance Sheet, Cash Flow
Topic 6: Corporate Issuers8-12%- Capital Investment Decisions
- Cost of Capital
Topic 7: Derivatives5-8%- Forwards and Futures Basics
- Options Fundamentals
Topic 8: Alternative Investments7-10%- Real Estate and Private Equity
- Hedge Funds Overview
Topic 9: Fixed Income10-12%- Fixed Income Risk
- Bond Pricing and Yield
Topic 10: Portfolio Management and Wealth Planning5-8%- Risk and Return Concepts
- Portfolio Construction Basics

Before You Book the CFA CFA-Level-I Exam

Bachelor's degree or final-year undergraduate student (or equivalent education/work experience). Valid international passport required. Vendor eligibility rules do evolve, so double-check on the official page (official CFA-Level-I exam page) before you pay the fee.

Yes:

Official courses and our practice set complement each other: learn the theory there, then pressure-test it with the 2200 practice questions for the CFA Institute CFA Level I Chartered Financial Analyst.

Files first: as an online product, the CFA Institute CFA Level I Chartered Financial Analyst material is obtainable immediately after ordering — an automatic email lands in your mailbox within a minute, with unlimited installations and 24/7 help if nothing shows up within 2 hours. Failure is covered too: take the corresponding CFA-Level-I exam within 60 days of purchase, and if you don't pass, submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam for a full refund processed within 7 days. Exclusions apply — exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. A free exchange for two equal-value products is the alternative.

Plan on Approximately USD 900–1,200 (varies by registration timing and region) per attempt and Minimum Passing Score (MPS) is not publicly disclosed as the pass mark. Since every retake bills again, rehearse with the 2200 practice questions from Exam4Docs first — accurate preparation is cheaper than a second registration.

The CFA Institute CFA Level I Chartered Financial Analyst blueprint covers 10 domains — including Corporate Issuers (8-12%), Economics (8-12%), Portfolio Management and Wealth Planning (5-8%). Treat the weightings as your study budget: heavy domains get heavy hours. The complete outline above lists every subtopic.

270 minutes, 180 multiple-choice questions questions. Build pace by practicing in short bursts on the Exam4Docs APP, then graduate to full timed simulations in the software engine before test day.

Yes — although online products can't be touched, we offer free demos before you really choose. Download the CFA Institute CFA Level I Chartered Financial Analyst trial, judge the question quality yourself, and remember every purchase includes 365 days of free updates (renewable at half price after that).

The CFA Institute CFA Level I Chartered Financial Analyst is CFA's exam for the Chartered Financial Analyst (CFA) certification, at the Professional level — formal proof of professional ability that employers can verify. Related credentials include CFA Level II, CFA Level III.

Use the vendor's official registration channels:

The CFA Institute CFA Level I Chartered Financial Analyst is delivered Computer-based testing at authorized test centers worldwide (in-person proctored exam), so select the option that fits you when booking.

CFA Institute CFA Level I Chartered Financial Analyst Sample Questions:

Question #1

Features of a firm's technology that lead to falling long-run average cost as output increases are

  • A. diseconomies of scale.
  • B. economies of scale.
  • C. diminishing returns.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

Set of portfolios that has the maximum rate of return for every given level of risk is called

  • A. the efficient frontier
  • B. the Markowitz portfolio mix
  • C. the optimal portfolio mix
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

Annualized returns:
I). allow for comparison among different assets and over different time periods.
II). assume that money can be re-invested repeatedly while earning a similar return.
III). cannot be calculated when the holding period return is more than 10 years.

  • A. II and III.
  • B. I, II and III.
  • C. I and II.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Exam4Docs members. You can sign-up / login (it's free).

Question #4

A closed-end investment company that invests in various types of real estate and/or real estate mortgages is called a:

  • A. REIT.
  • B. real property mutual fund.
  • C. property annuity.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Exam4Docs members. You can sign-up / login (it's free).

Question #5

Jumbo, Inc. had sales of $8,000 in November, $14,000 in December, and projects sales of $10,000 in
January, $12,000 in February, and $8,000 in March. The firm's COGS in any given month is equal to 70% of the next month's sales. The firm collects its receivables in 60 days and pays its payables in 30 days.
The firm begins January 1 with $10,000 in cash. All sales and purchases are on credit. There are no other costs or revenues. What is Jumbo's cash balance at the end of March? Assume there are 30 days in every month.

  • A. $21,000
  • B. $19,100
  • C. $16,600
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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