文档介绍：Sample Examination for 2001 Candidates
CFA® Level I
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). 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 2001 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 2001 CFA Level I
examination. Careful study of the readings listed in the 2001 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 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 Accounting and Statement Analysis 25 45
81–108 Asset Valuation 23 42
109–120 Portfolio Management and Analysis of 10 18
Alternative Investments
Total 100 180

2000, Association for Investment Management and Research 1
QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL
STANDARDS AND ARE ALLOCATED 27 MINUTES.

1. The AIMR Code of