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CFA Level 1 - Mock Questions

Authored by Andreus Leão

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CFA Level 1 - Mock Questions
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 1 – Ethics: Using material nonpublic information in making investment decisions is prohibited because it violates:

The Standard on Conflicts of Interest

The CFA Institute Standard on Material Nonpublic Information

The Standard on Duties to Employers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 2 – Quantitative Methods: The correlation coefficient between two assets ranges between:

–2 and +2

–1 and +1

0 and +1

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 3 – Economics: If aggregate demand decreases, in the short run:

Output rises and prices fall

Output and prices both fall

Output and prices both rise

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 4 – Financial Reporting: Under IFRS, inventories are measured at:

Replacement cost

Lower of cost or net realizable value

Market value only

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 5 – Corporate Finance: The cost of equity is best estimated using:

The Weighted Average Cost of Capital (WACC)

The Capital Asset Pricing Model (CAPM)

The Payback Period

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 6 – Equity Investments: A market is considered efficient if:

Prices never change after new information

Prices fully reflect all available information

Prices are determined only by government intervention

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 7 – Fixed Income: A bond’s duration measures its sensitivity to:

Inflation only

Interest rate changes

Default risk

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