Easy CFA Level I Practice Questions

180 free easy-difficulty CFA Level I questions, drawn live from KomFi's calibrated bank. Build the foundation first: these test the core mechanics every harder question assumes.

1. Which of the following describes the 'kinked demand curve' model in an oligopoly?
2. An analyst at Oakridge Capital is calculating Basic Earnings Per Share (EPS). The firm has 1,000,000 common sh
3. Which professional control is mandated for CFA candidates when using AI outputs?
4. To ensure the BA II Plus calculator operates correctly for most CFA curriculum problems, which setting is reco
5. Argentum Mining must choose an inventory cost flow formula under IFRS for its silver bullion, which is identic
6. Which simulation method relies on repeatedly sampling with replacement from an existing set of historical data
7. Which component of the following identity represents the 'bridge' that allows analysts to compare LIFO firms t
8. An analyst is calculating the expected terminal value for Helion Rail using a multistage model. If the computa
9. To calculate the future value correctly, which setting must be active on the BA II Plus?
10. Oakridge Capital is analyzing a firm's Return on Equity (ROE) using the 3-step DuPont decomposition. If the Ne
11. When using the BA II Plus to calculate the price, what value should be entered for the interest rate (I/Y)?
12. Kite Aerospace produces specialized aircraft components. Under IFRS, 'abnormal' amounts of wasted materials sh
13. An investor deposits $2,500 at the start of each year for 5 years into an account earning 6%. If the analyst f
14. A firm reporting under IFRS has a policy of classifying interest paid as a financing activity. To compare this
15. Which of the following is *not* typically considered one of the three primary levers of value creation in an L
16. Which method involves drawing samples of size n from the original data set with replacement?
17. When an analyst at Meridian Pack uses the bootstrap method, what happens to the observations in the original s
18. If the firm is a bank where such investments are part of primary operations, which classification is most like
19. Under the five-step revenue recognition model, which step involves determining whether a contract exists with
20. A 5-year, 6% semiannual coupon bond has a Macaulay duration of 4.4 years and a yield-to-maturity of 6%. Its mo
21. Meridian Pack must choose between two mutually exclusive projects with different timing of cash flows. The mos
22. A trader at Helion Rail Securities receives a partial fill for a buy order of Vesper Foods. The order was plac
23. Nova Medical has inventory that originally cost 50,000. At year-end, the estimated selling price is48,000, and
24. Helion Rail just paid a $1.80 dividend. If the long-term growth rate is 5% and the required return is 11%, the
25. Vesper Foods Investment Management has a policy to notify all clients of a 'Sell' rating via a central web por
26. If the future value (FV) is entered as 1,000, how must the present value (PV) appear in the BA II Plus to avoi
27. What is the Effective Annual Rate (EAR)?
28. In the calculation of Macaulay duration, the weights (w_t) applied to each time period t sum to:
29. Meridian Pack is considering a project with non-conventional cash flows. If the firm encounters multiple IRRs
30. If all other factors remain constant, which of the following changes will decrease the Macaulay duration of a

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