文档介绍：CFA® Level I
Sample Examination for 2002 Candidates
120 Questions
3 Hours
AIMR has developed this sample examination to help candidates practice for the Level I
examination. This 120-question sample examination represents a three-hour section (one-
half the regular exam time), which is equivalent to either the morning or afternoon section
of the actual examination. To simulate realistic exam-day conditions, candidates should set
aside a block of three hours in which to take the sample examination. Doing so will allow
1½ minutes, on average, for each question. Candidates also should simulate other
examination conditions such as using an AIMR approved calculator and not referring to any
reference materials.
The sample examination is intended only to give candidates practice at answering questions
that are similar in style to those that will appear on the 2002 CFA Level I examination.
None of these sample questions will appear on that examination. Candidates should not
rely on the sample exam as their only means of preparing for the 2002 CFA Level I
examination. Careful study of the readings listed in the 2002 CFA Level I Study Guide is
essential to being well prepared.
If you detect any irregularities with the guideline answers to sample questions, please
submit those irregularities by fax to Level I Sample ments at .
Corrections will be printed in the Candidate Bulletin and posted on the AIMR website. No
individual replies will be given.
Sample Examination Structure
Question Topic Percent Minutes
1–18 Ethical and Professional Standards 15 27
19–36 Quantitative Analysis 15 27
37–50 Economic Analysis 12 21
51–80 Financial Statement Analysis and 25 45
Corporate Finance
81–108 Asset Valuation 23 42
109–120 Portfolio Management 10 18
Total 100 180
Association for Investment Management and Research 1
QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL