CFA Mock exam – How students are getting trained by CFA Mock exam?

The CFA exam is a professional certification awarded to financial analysts by the CFA Institute. To obtain the certification, you must meet a series of requirements and pass the three levels of exams. This program is aimed at professionals seeking to specialize in the world of investments and financial markets.

In the last year, the dates the exam is usually taken have undergone a last minute change. He was replaced days later in the same month of June; since previously the CFA exam was held on the first weekend of June. Those of us who take this type of exam must see it as an opportunity to spend more days to prepare and obtain the certification.

What is the structure of the CFA exam?

The structure of the CFA exam is divided into 3 levels of exams. Here is some important information about each of the test levels.

CFA Exam: Level I

The CFA Level I exam consists of 240 multiple-choice questions divided into two sessions of 3 hours each. In each session, 120 multiple-choice questions will be evaluated. It should be taken into consideration that there is no penalty for incorrect answers.

CFA Exam: Level II

The CFA Level II exam has a total of 21 item set questions divided into two sessions. During the morning session 10 questions from the set of elements will be evaluated and in the afternoon session 11 questions.

The total weight of the exam is 360 points, which corresponds to the number of minutes in the exam. It should be taken into consideration that there is no penalty for incorrect answers.

CFA Exam: Level III

The CFA Level III exam consists of an item set and constructed responses and item set questions. It is also divided into two sessions.

When it comes to tests and exams, there is one, the mock Test, which is one of the ones I use the most when evaluating the learning and preparation of the CFA test.

As you can see there is a lot to study for passing all the three CFA tests and in such, CFA mock exam tests come as the best way to practice.

What are Mock Tests?

The Mock Tests, as their name indicates, are controls that students carry out periodically at the beginning of the class in which they must demonstrate the knowledge they have acquired from the previous year questions or comes with the questions having same difficulty.

What is its purpose?

One of the objectives of this type of test is to get the CFA aspirants, at home, not only to carry out procedural exercises, but to gradually acquire a habit of daily study. In this way the aspirants will get used to the structure and toughness of the exam and studying a subject on a regular basis and not just the day before the exam.

In addition, if the mock tests are very similar to what will be the exam of the dedicated level, the aspirant will face his exam with more confidence and will avoid making the mistakes that may have been made in the mock Test. Plus, students learn to attempt the entre exam in given timings.