Examples of CFA Exam Questions

The question examples below show the types of question formats used on CFA exams.

As you view the example questions, remember, these questions do not predict what you will see on your exam.

Note: All the following links open Adobe PDF documents.

Level I (multiple choice): Examples of  Level I questions

Level II (item set): Examples of Level II item set questions

Level III exams consists of both item set questions (see Level II) and essay questions