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CFA LEVEL I · FREE PRACTICE

Free CFA Level I mock: 10 questions

One question from each Level I topic, with a worked answer for every one. Takes about 15 minutes. No sign-up, nothing to download.

Start the 10 questionsStart free

Ten questions, one from each topic

Pick an answer for each question, then check them all at once. Each answer comes with the worked explanation. Nothing is saved and no sign-up is needed.

1 · EthicsAn analyst receives a gift from a client after a year of strong portfolio returns. Under the CFA Institute Standards, the analyst should:
2 · Quantitative MethodsA deposit pays a stated annual rate of 12% compounded monthly. The effective annual rate is closest to:
3 · EconomicsIn the short run, a firm should shut down when the market price falls below its:
4 · Financial Statement AnalysisUnder US GAAP, interest paid is classified in the statement of cash flows as:
5 · Corporate IssuersA company is financed 60% equity at a 12% cost and 40% debt at an 8% pre-tax cost. With a 25% tax rate, its WACC is:
6 · EquityA stock's next dividend is INR 4, the required return is 10% and dividends grow at 6% forever. Its intrinsic value is:
7 · Fixed IncomeA bond has a modified duration of 6. If its yield rises by 50 basis points, its price changes by approximately:
8 · DerivativesAn investor buys a call with a strike of 100 for a premium of 4. At expiry the stock is at 110. The profit per share is:
9 · Alternative InvestmentsA property earns net operating income of INR 8 crore. At a cap rate of 8%, its value is:
10 · Portfolio ManagementThe risk-free rate is 4%, a stock's beta is 1.2 and the market risk premium is 6%. Its CAPM required return is:

Questions

Are these real CFA exam questions?

No. They are original practice questions in the CFA Level I style, one from each of the ten topics, written for Poonji Vidhya students.

How is this different from the full free mock?

This sample has 10 questions and no timer. The free mock in your account runs in exam mode with a timer and chapter-wise analysis of your mistakes.

What score should I aim for?

Our students target 70% or more on their last full mocks before the exam. On a 10-question sample, use the result to see which topics to start with.

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