CFA Program Study Guide for Level I--一级真题---1998.pdf

Sample Examination 1 for 1998 Candidates
CFA® Level I
120 Questions
3 Hours


AIMR has constructed two sample examinations to help candidates practice taking multiple
choice tests. Each 120-question sample examination represents a three-hour section (one-
half the regular examination time). bining the two sample examinations provided,
candidates have the equivalent of one full six-hour test. To simulate realistic examination-
day conditions, candidates may want to set aside a block of three hours in which to take each
sample examination. Doing so will allow 1 ½ minutes, on average, for each question.

The sample examinations are intended only to give candidates practice at answering
questions that are similar in style to those that will appear on the 1998 CFA Level I
examination. None of these sample questions will appear on that examination. Candidates
should not rely on the sample examinations as their only means of preparing for the 1998
CFA Level I examination. Careful reading and study of the readings listed in the 1998 CFA
Level I Study Guide are essential to being well prepared.

AIMR strives to be accurate with the guideline answers to the sample examinations. If you
detect any irregularities, please submit them by fax to: Coordinator, Level I Examination
at (804)980-3670. Corrections will be printed in the Candidate Bulletin or will be sent by
mail to all candidates. No individual replies will be given.


Sample Examination Structure
Question Topic Percent Number
1-18 Ethical and Professional Standards 15 18
19-36 Quantitative Analysis 15 18
37-50 Economics 12 14
51-80 Accounting and Corporate Finance 25 30
81-92 Global Markets and Instruments 12 12
93-106 Asset Valuation 12 14
107-120 Portfolio Management 12 14
Total 100%* 120

* The percentages do not add exactly to 100% because of rounding.

©Association for Investment Management and Research 1
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