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CFA-LEVEL-1 Exam Questions & Answers

Exam Code: CFA-LEVEL-1

Exam Name: CFA Level I Chartered Financial Analyst

Updated: Apr 20, 2024

Q&As: 3960

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Practice These Free Questions and Answers to Pass the CFA Certifications Exam

Questions 1

The standard normal probability distribution is one which has:

A. a mean of 0 and any standard deviation

B. a mean of 0 and a standard deviation of 1

C. any mean and a standard deviation of 1

D. a mean of 1 and any standard deviation

E. none of these answers are correct

Show Answer
Questions 2

A sample of size 600 is drawn from a population. The sample mean equals 329. The total width of the 99% confidence interval for the population mean is 893. The estimated population variance equals ________.

A. 6.7

B. 4.9

C. 6.3

D. 7.3

Show Answer
Questions 3

If your estate were to receive $100 a year, beginning next year, for 100 years, what is the equivalent single amount today that this series of cash flows is equal to, assuming interest is 5% per year, compounded annually?

A. $11,302.37

B. $10,000.00

C. $2,041.54

D. $58.42

E. $1,984.79

Show Answer
Questions 4

Under an inflationary environment with stable inventories, a firm may change to LIFO from FIFO due to which of the following reason(s)?

I. To allow earnings manipulation.

II. To improve the reported current ratio.

III. To reduce tax drain on cash.

IV.

Show a more accurate representation of reported assets than FIFO.

A.

I, II, III and IV

B.

I and II

C.

I and III

D.

I, III and IV

Show Answer
Questions 5

Project A has a higher IRR than project B. Both projects have normal cash flows. If the projects have the same cost of capital which is greater than the crossover rate,

A. Project A has a higher NPV.

B. Both projects have the same NPV.

C. Project B has a higher NPV.

D. Insufficient information.

Show Answer

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