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CFA® Level 1 Problem Set

May 8th, 2008
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I started creating problems for my CFA Level 1 study group but then my study group kinda fell apart. I thought the actual act of creating the problems and trying to reverse engineer them and cook up additional variations in and of itself had merits and benefits, so I kept doing it long after my study group fell apart.

Last weekend CFA Vancouver offered the Boston Security Analysts Society exam. This is a really good practice exam to take if you can. As this is my second time doing the CFA Level 1 examination I’ve used the last two years’ BSAS exams as sources for some of my questions. Other sources include the official books, Schweser notes, even the dim recesses of my memory.

This is a set of practice problems, not a practice exam. There aren’t a 120 questions, there are no Ethics questions, pretty much all the questions are number crunching ones. It is not weighted as the exam is weighted.

Update March 22, 2012

It is against the CFA Code of Conduct now to write online about what questions appeared on previous exams, what material was covered and what wasn’t covered. I doubt the changes apply retroactive to blog posts made in 2008, but just in case I’m editing older posts to try and ensure compliance.

These are questions I personally had some difficulty with or someone in my study group did. They are in the style of CFA Level 1 exam questions from that time period there is no guarantee of accuracy and certainly no indication that this material was tested or will be tested in the future.

I made the Excel file available to help fellow candidates, you should consult the most recent official CFA Institute published curriculum rather than rely on documents downloaded from a random blog on the Internet.


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  • Audrey Mwala

    I can’t access the question set. Do I just click where it says CFA level 1 problem set? it doesn’t seem to work for me. nice to see your picture.At least this is different from the analysts blog where you are interacting with faceless freinds.

  • Audrey Mwala

    I can’t access the question set. Do I just click where it says CFA level 1 problem set? it doesn’t seem to work for me. nice to see your picture.At least this is different from the analysts blog where you are interacting with faceless freinds.

  • You can either click "problems" in the very first sentence or "the file you want is right here!" in the very last sentence.

    Good luck!

  • You can either click "problems" in the very first sentence or "the file you want is right here!" in the very last sentence.

    Good luck!

  • I added some more questions and uploaded them. I’m not sure if that’ll help me pass the test, but it is bound to help someone.

  • I added some more questions and uploaded them. I’m not sure if that’ll help me pass the test, but it is bound to help someone.

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  • passingby

    thanks a million.. whatever you give in life.. you receive.. all the best. you are a wonderful individual..

  • No worries. Wish I could say doing the CFA helped me or that everything was great now, but it isn’t…

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  • deep

    thanks a lot

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