The CFA Level 1 exam has a total of 240 multiple-choice questions, divided into two volumes in the morning and afternoon, each with 120 questions. Each question has three choices: A, B, and C, with equal scores. The first level CFA exam mainly aims to examine candidates' understanding of the tools and concepts used in investment *uation and management in the CFA exam course.

The simple objective questions in the CFA Level 1 exam focus on testing the candidate's basic knowledge. Candidates should arrange their time reasonably and carefully understand each question in the CFA exam.

CFA Level 1 Exam Question Types

The first level exam (multiple choice questions) has a total of 240 questions (120 questions in the morning and 120 questions in the afternoon), focusing on tools and techniques, including introduction to asset valuation and securities management skills, mainly examining candidates' tools and basic concepts in investment *uation and management.

CFA Level 2 Exam Question Types

The second level exam (objective question) has a total of 120 multiple-choice questions (10 cases in the morning and 10 cases in the afternoon, each with six small questions), focusing on asset valuation, including the application of relevant tools and basic technologies (such as economics, accounting, and numerical analysis), mainly examining the ability to *uate assets.

CFA Level 3 Exam Question Types

Essay+multiple choice questions

The CFA Level 3 exam features Essay in the morning and multiple-choice questions in the afternoon,

Emphasis is placed on securities management and the use of relevant analytical tools in the strategy of securities and fixed interest securities, with a focus on in-depth examination of portfolio management and asset allocation capabilities.