Level 1 exam is the first of the 3 levels of the CFA exam, a prestigious financial certification introduced and held worldwide by CFA Institute. Passcert provides the latest CFA Level 1 Exam Dumps which have a very close similarity with real examination exercises to help you consolidate related knowledge and let you be well ready for CFA Level 1 Exam. Passcert ensures that you can pass the exam to obtain the CFA Level 1 certification in your first attempt.

The CFA program consists of three exams: CFA Level 1, Level 2 and Level 3.CFA candidates are required to pass each of these exams and must meet certain work requirements as set out by the CFA Institute. the passing rate for the Level I exam was 43%.

In 2020, the level 1 exam is organized only in December and it's the last paper-based exam. Starting in 2021, level 1 exams will be held on computers 4 times a year: in February, May, August, and November. The exam is quite costly and rather hard but rewarding.

Level I of the CFA exam is focused on acquiring basic knowledge on a wide range of financial issues. There are 10 topics categorized into 4 modules. These include ethics and professional standards, investment tools, asset classes and portfolio management and wealth planning. Each topic has several learning outcome statements (LOSs) – equivalent to objectives – around which the exam is concentrated.

CFA Level 1 exam is a six-hour exam, broken into a morning and afternoon session, each being three hours long. The exam consists of 240 multiple-choice questions: 120 questions in the morning session and 120 questions in the afternoon session. Candidates should allow approximately 90 seconds per question, depending on knowledge of the topics.

All of the multiple-choice questions are free-standing (i.e., they are not dependent on each other). For each question, three possible choices are provided. The questions are crafted intelligently, such that the incorrect choices reflect common mistakes in calculation or logic. Candidates should aim to answer all questions, as there is no penalty for incorrect answers. Additionally, it is essential to become comfortable with calculator functions, as these features will be needed to complete some of the questions.

The CFA Program curriculum for the Level 1 exam is focused on the knowledge and comprehension of investment tools as well as ethical and professional standards. The exam covers the following 10 topic areas: