Course details
At Level I, candidates are asked basic knowledge and comprehension questions and must perform some analysis. Exam focus here is on:
- Tools and concepts that apply to investment valuation and portfolio management
- Basic concepts regarding securities and markets
- CFA Institute Code of Ethics and Standards of Professional Conduct
The Level I exams include 240 total multiple choice questions, 120 on the morning session of the exam and 120 on the afternoon session. Each multiple choice question is free-standing (not dependent on other questions) and has three possible answers: A, B, and C. All questions are equally weighted and there is no penalty for guessing.
Updated on 01 March, 2016
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