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Certainly! The Chartered Financial Analyst (CFA) designation is a prestigious credential offered
by the CFA Institute, focusing on investment management, financial analysis, and ethics. The
CFA exam is divided into three levels, each with its own focus and format. Here’s an overview
of common questions and answers associated with the CFA program:
Level I: Knowledge and Understanding
1. What are the primary areas of study in Level I?
Ethics and Professional Standards
Quantitative Methods
Economics
Financial Reporting and Analysis
Corporate Finance
Equity Investments
Fixed Income
Derivatives
Alternative Investments
Portfolio Management and Wealth Planning
2. What types of questions are asked in Level I?
Multiple-choice questions that test basic knowledge and comprehension of concepts. These
questions often require you to identify correct definitions, formulas, or applications.
3. How is the Level I exam structured?
Two sessions: The morning session and the afternoon session, each consisting of 90 multiple-
choice questions.
Level II: Application and Analysis
1. What distinguishes Level II from Level I?
Level II focuses more on the application and analysis of concepts rather than just knowledge. It
includes a greater emphasis on financial statement analysis and valuation techniques.
2. What types of questions are asked in Level II?