CFA® Level 1 Questions 2021
CFA® Level 1 Questions 2021: The Chartered Financial Analyst® Institute has reduced the number of CFA® Level 1 Questions in the new CBT format introduced from 2021. The computer-based exam will have 180 questions in the CFA® level 1 exam. There will be no negative marking awarded for any question and each exam will be given equal weight. The CFA® institute has explained the Level 1 question format in detail on its official website. Each topic has equivalent weightage in the exam and the candidates should attempt CFA® level 1 mock exam 2021 to understand their speed, understanding and the difficulty of the exam. For more information on the type of questions, time management for the exam, the format of questions and other important aspects of the exam, check out the complete article given below.
Time Management for CFA® level 1 questions:
The CFA® level 1 computer-based exam will have 180 multiple choice questions which will be divided into 2 different 2.25 hours sessions. There will be an optional break in between the two sessions. However, the candidates will have to attempt both the sessions to get a CFA Level 1 Result.
An average candidate should devote approximately 90 seconds per multiple-choice question. Ideally, a successful candidate has to spend approximately 300 hours studying for the CFA level 1 exam.
CFA® level 1 questions Format:
There will be 180 questions in the computer-based Level 1 exam 2021. Each MCQ will consist of a Statement with or without a table, a question and three answer options. There will be two main formats of questions.
Question and three answer options
All questions have equal weightage attached to them. Candidates can view samples of each format of questions on the main website using the given links:
CFA® level 1 Sample questions free:
The CFA® institute has released a CFA® level 1 mock exam 2021 with 20 sample questions 20 sample questions on their official website to help the candidate get a better understanding of the type of questions they will see in the actual Level 1 exam. The link to the sample questions is given below:
CFA® level 1 exam pattern 2021
Medium of exam
Mode of exam
Number of questions
Type of questions
Duration of exam
No negative marking
Number of papers
CFA® level 1 exam Syllabus 2021
Ethical and Professional Standards
Financial Reporting and Analysis
Portfolio management and Wealth planning
Testing Tips for CFA Level I Exam 2021:
Apart from attempting CFA® level 1 practice questions free from reliable sources, the candidates need to keep these tips and tricks handy for the day of the exam.
Candidates need to use their calculator to address the learning outcome statements (LOS).
All the exams that refer to Financial Reporting and Analysis (FRA) Will be based on International Financial Reporting Standards (IFRS), unless something else is specified
Whenever a question is based on the U.S. GAAP, it is clearly stated in the question.
Candidates are advised to attempt as many questions as they can as there will be no negative marking for wrong answers.
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Frequently Asked Question (FAQs) - CFA® Level 1 Questions 2021
Question: How much does CFA change every year?
CFA changes around 5% to 20% every year on average.
Question: Do the CFA Level 1 exam results expire?
No, the CFA Level 1 exam results do not expire.
Question: Does CFA institute release sample questions on its official website?
Yes, the CFA institute releases mock exams and sample questions on its main website so that the candidates can have an idea of the exam.
Question: What kind of questions are there in the CFA level 1 exam?
The whole CFA level 1 exam has multiple choice questions either of sentence completion format or question-answer format.
Question: How many time can one fail the CFA level 1 exam?
Candidates can take the exam 2 times per registration.