How many questions in CFA 1? This is a common question among aspiring Certified Financial Analysts (CFAs) who are preparing for the first level of the CFA Program. The CFA Program is renowned for its rigorous and comprehensive curriculum, and understanding the number of questions in each level can help candidates better plan their study strategies.
The CFA Level I exam consists of a total of 180 multiple-choice questions. These questions are divided into two sections: Section I and Section II. Section I, which accounts for 50% of the total score, consists of 120 questions, while Section II, which makes up the remaining 50%, includes 60 questions.
Section I of the CFA Level I exam covers the following topics:
– Ethics and Professional Standards (20%)
– Quantitative Methods (20%)
– Economics (30%)
– Financial Reporting and Analysis (25%)
– Corporate Finance (5%)
Each topic within Section I contains a specific number of questions. For example, Ethics and Professional Standards has 24 questions, Quantitative Methods has 24 questions, Economics has 36 questions, Financial Reporting and Analysis has 30 questions, and Corporate Finance has 6 questions.
Section II of the CFA Level I exam focuses on the application of the knowledge gained in Section I. It consists of 60 questions, with each question worth 1.25 points. Candidates are required to answer all 60 questions, and the time limit for this section is 90 minutes.
The questions in Section II are designed to test candidates’ ability to apply their knowledge to real-world scenarios. They may include calculations, interpretations, and analyses of financial data. It is important for candidates to practice these types of questions to become familiar with the format and to develop their analytical skills.
In conclusion, the CFA Level I exam consists of 180 multiple-choice questions, divided into two sections. Understanding the number of questions and the distribution of topics can help candidates effectively plan their study strategies and prepare for the exam. Aspiring CFAs should focus on mastering the concepts and practicing various types of questions to increase their chances of success.
