CFA-Level-I Free Exam Questions & Answers (Updated 2026)

Question No 1

Standard IV (B.7) deals with ________.

Choose the Choices:

Priority of Transactions

None of these answers

Disclosure of Referral Fees

Performance Presentation

Prohibition against Misrepresentation

Disclosure of Conflicts to Clients and Prospects

Preservation of Confidentiality

Prohibition against Use of Material Nonpublic Information

Question No 2

Standard III (D) deals with ________.

Choose the Choices:

Professional Misconduct

Use of Professional Designation

Plagiarism

Fundamental Responsibilities

None of these answers

Obligation to Inform Employer of Code and Standards

Question No 3

Another name for "access" person is ________.

Choose the Choices:

none of these answers

supervisor

ombudsman

guardian

fiduciary

covered person

Question No 4

Which of the following is/are true about the Performance Presentation Standards? I. A member who complies with the mandatory requirements of the PPS but does notfollow the recommended requirements can publicly claim compliance with the PPS. II. The PPS are designed to be primarily a performance measurement framework. III. The Standards are not designed to enhance or detract from the presentation ofhistorical results.

Choose the Choices:

Question No 5

If a firm uses non - discretionary leverage, it must present performance using:

Choose the Choices:

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CFA Institute CFA-Level-I Free Exam Questions (Updated 2026)

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Question No 2

Question No 3

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Question No 5