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

About Finstructor

Cost effective financial education to enable you pass the toughest global examinations (CFA ®, FRM ®, CAIA ®) on your very first attempt. Formulated through years of teaching experience, our coaching methodology places utmost emphasis on problem solving and conceptual clarity.
Along with a detailed coverage of the course curriculum, we equip students with unique conceptual shortcuts to achieve better recall and speed during the exam.

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