Generate a CFA Level I Quiz from your PDF
CFA Level I covers ten topic areas at a mile-wide, foot-deep level, so breadth and consistent practice beat last-minute cramming. The candidates who pass treat it as a question-practice marathon, especially in Ethics and Financial Statement Analysis. Turn the curriculum readings and your own notes into thousands of practice questions and track which topics still cost you points.
Key CFA Level I Topics to Quiz Yourself On
- Equity valuation, financial statement analysis and fixed income
- Derivatives, alternative investments and portfolio management
- Quantitative methods, economics and ethics (Standards of Practice)
CFA Level I Exam Exam Structure
CFA Level I is 180 multiple-choice questions split across two sessions of two hours and fifteen minutes each (90 questions per session). It spans ten topics: Ethics, Quantitative Methods, Economics, Financial Statement Analysis, Corporate Issuers, Equity, Fixed Income, Derivatives, Alternative Investments and Portfolio Management, with Ethics and Financial Statement Analysis carrying the largest weights.
Sample CFA Level I Questions
If a bond's yield to maturity rises, what happens to its price?
Answer: Its price falls. Bond prices and yields move inversely.
All else equal, how does a higher discount rate affect the present value of a future cash flow?
Answer: It lowers the present value: discounting at a higher rate shrinks the amount the cash flow is worth today.
Under the CFA Standards, what must a member do with material non-public information?
Answer: Not act on it or cause others to act on it. The Standards prohibit trading on material non-public information.
How to Study CFA Level I
- Spend disproportionate time on Ethics and Financial Statement Analysis: together they make up the largest share of the exam.
- Practise in 90-minute blocks to mirror the real session length and build pacing of roughly 90 seconds per question.
- Answer Ethics questions straight from the Standards of Practice, not from general intuition.
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