Why Quizzing Is Key to CFA Exam Success
The CFA exam doesn’t just test your knowledge—it tests your ability to recall, reason, and apply concepts under pressure. Regular quizzes are a proven way to:
- Improve retention through active recall
- Practice time management
- Discover and strengthen your weakest areas
This quiz will give you a quick benchmark of your current readiness.
What to Expect in This CFA Prep Quiz
This short 5-question quiz features realistic Level 1-style questions. Each one includes:
- A multiple-choice stem
- The correct answer
- A brief, clear explanation
- Coverage across Ethics, Quant, FRA, Economics, and Portfolio Management
CFA Practice Quiz – 5 Questions with Answers
1. Ethics
A portfolio manager guarantees a client a 12% return with no risk. Which CFA Code of Ethics standard is violated?
2. Quantitative Methods
What is the future value of $2,000 invested for 3 years at an annual rate of 6% compounded annually?
3. Financial Reporting & Analysis
If a firm uses LIFO in a period of rising prices, how will this affect reported net income compared to FIFO?
4. Economics
A country’s currency depreciates. What’s the most likely short-term effect on its trade balance?
5. Portfolio Management
Which of the following portfolios is most efficient according to Modern Portfolio Theory?
How to Use Quiz Results to Improve Your Prep
If you got:
- 5/5: You’re tracking well—try a full mock next.
- 3–4/5: Solid base—focus on your weaker areas.
- 1–2/5: Time to revisit core topics and reinforce with more practice.
Why UWorld Quizzing Is Better Than PDFs or Textbooks
UWorld’s platform is more than a practice tool—it’s a learning engine.
- Real CFA interface
- Adaptive feedback on weak topics
- Full explanations for right and wrong answers
- Smart analytics and performance tracking
“UWorld quizzes showed me where I was wasting time. That clarity helped me pass.”
— Reddit user, /r/CFA
Final Thoughts: Practice Like It’s the Real Thing
Mini quizzes give you a quick pulse check. Full-length mocks test your stamina. UWorld gives you both—plus insights on how to improve every time you click “Submit.”
