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CFA Level I Practice Exam

CFA-L1

First level of the Chartered Financial Analyst program covering investment tools and ethics.

Exam Details

Official CFA-L1 exam format

Questions
100
Time Limit
120 minutes
Passing Score
720/1000
Domains
10
3,000+
Practice Questions
100
Unique Practice Exams

Exam Domains

The CFA Level I exam covers 10 domains with different weight percentages

Domain 1: Domain 1: Ethical and Professional Standards

17%

Understanding the ethical and professional standards governing the investment profession.

Topics covered:
  • Topic 1.1: Code of Ethics and Standards of Professional Conduct
  • Topic 1.2: Standards I-VII
  • Topic 1.3: Global Investment Performance Standards (GIPS)

Domain 2: Domain 2: Quantitative Methods

7%

Fundamental quantitative methods used in finance.

Topics covered:
  • Topic 2.1: Time Value of Money
  • Topic 2.2: Statistical Concepts
  • Topic 2.3: Common Probability Distributions

Domain 3: Domain 3: Economics

7%

Basic economic principles affecting financial markets.

Topics covered:
  • Topic 3.1: Microeconomics
  • Topic 3.2: Macroeconomics
  • Topic 3.3: International Trade and Capital Flows

Domain 4: Domain 4: Financial Statement Analysis

12%

Analyzing financial statements to assess company performance.

Topics covered:
  • Topic 4.1: Financial Reporting Framework
  • Topic 4.2: Income Statements
  • Topic 4.3: Balance Sheets
  • Topic 4.4: Cash Flow Statements
  • Topic 4.5: Financial Analysis Techniques

Domain 5: Domain 5: Corporate Issuers

7%

Understanding corporate governance and financial management.

Topics covered:
  • Topic 5.1: Corporate Governance
  • Topic 5.2: Business Models and Risks
  • Topic 5.3: Capital Structure

Domain 6: Domain 6: Equity Investments

12%

Understanding equity markets and valuation techniques.

Topics covered:
  • Topic 6.1: Market Organization and Structure
  • Topic 6.2: Security Market Indices
  • Topic 6.3: Equity Valuation

Domain 7: Domain 7: Fixed Income

12%

Understanding fixed-income securities and their valuation.

Topics covered:
  • Topic 7.1: Fixed-Income Securities
  • Topic 7.2: Fixed-Income Valuation
  • Topic 7.3: Risk and Return

Domain 8: Domain 8: Derivatives

6%

Understanding derivative markets and instruments.

Topics covered:
  • Topic 8.1: Derivative Markets and Instruments
  • Topic 8.2: Pricing and Valuation

Domain 9: Domain 9: Alternative Investments

8%

Understanding various types of alternative investments.

Topics covered:
  • Topic 9.1: Alternative Investment Types
  • Topic 9.2: Risk-Return Characteristics

Domain 10: Domain 10: Portfolio Management

10%

Understanding the portfolio management process and risk-return trade-offs.

Topics covered:
  • Topic 10.1: Portfolio Management Process
  • Topic 10.2: Risk and Return

What You Get with BetaStudy

3,000+ Questions

Comprehensive question bank covering all exam domains

Timed Exams

Practice under real exam conditions with 120-minute timer

Detailed Explanations

Understand why answers are correct with detailed explanations

Progress Tracking

Track your performance by domain and watch yourself improve

Frequently Asked Questions

Common questions about the CFA Level I certification exam

How many questions are on the CFA Level I exam?
The CFA Level I (CFA-L1) exam contains 100 questions that must be completed within 120 minutes.
What is the passing score for CFA Level I?
You need to score 720 out of 1000 (72%) to pass the CFA Level I certification exam.
What topics are covered in the CFA Level I exam?
The exam covers 10 main domains: Domain 1: Ethical and Professional Standards, Domain 2: Quantitative Methods, Domain 3: Economics, Domain 4: Financial Statement Analysis, Domain 5: Corporate Issuers, Domain 6: Equity Investments, Domain 7: Fixed Income, Domain 8: Derivatives, Domain 9: Alternative Investments, Domain 10: Portfolio Management. Each domain has different weight percentages based on importance.
How can BetaStudy help me pass the CFA Level I exam?
BetaStudy provides 3,000+ practice questions covering all 10 exam domains, 100 unique practice exams that simulate real exam conditions, detailed explanations for every answer, and progress tracking to identify your weak areas.
Are the practice questions updated for the latest CFA-L1 exam?
Yes, our questions are automatically updated whenever the official exam syllabus changes. We monitor the official CFA Institute certification page and regenerate questions to match the current exam format.

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