CFA CFA Level 1 Need a good set of questions to study from

Need a good set of questions to study from

  • This topic has 5 replies, 5 voices, and was last updated Mar-18 by desantol.
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    • MusssssstPassssss
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      Hello all, first time poster here.

      I am sitting for L1 in June.  As of now, I have prepared by going through the Kaplan guides (and doing examples and EOC questions) as well as the CFAI coursework (again, along with doing all the examples and questions).  Though I review each incorrect question (and each question I have difficultly with) I’m still not confident that I know all the material.  For example, if I get a 70% on the EOC questions, that means I know 70% of the material I was asked in that series of questions, not 70% of ALL the possible testable material.  Even though I may do a total of 50-70 questions for a given section (between the Kaplan and CFAI examples and questions) I know it doesn’t cover all the testable material.  Furthermore, for topics I have difficultly with, it would be helpful to have more questions so I can do a complete job learning said difficult material.
      I’ve read that the Q-bank questions are easy compared to what is on the actual test, so I’d like to stay away from them.  I’ve also heard that the Elan Q-bank is sufficiently difficult, but it cannot be arranged by topic, making it difficult to focus on areas of difficultly.  Does anyone know of any series of questions that do a good job mimicking the difficultly of the actual test-day questions that can be arranged by topic (i.e. reading 43, 44, etc?)  

      Thanks!

    • fabian
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      Welcome! 

      About your 70% of all testable material concern, I don’t think anyone will be able to know for sure that they know at least 70% of all material. The best you can do is to improve your practice scores beyond 70%. I was scoring about 80-85% right up to the exam (Schweser) and you’ve got time to do so!

      Q bank can be easier, but I think they usually allow you to filter out the easy questions and only do hard ones. And as to your last question – I don’t think there are any other obvious sources apart from the EOC and Qbanks.

      Hope that helps!

    • Stuj79
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      I wouldn’t worry too much about the Schweser Q-bank being “too easy” for Level 1 – as Fabian has mentioned, firstly you can filter by difficulty so avoid the “easy” questions.

      Also, I wouldn’t say the Schweser questions are “easier” per se, more that they are slightly different in style. But they are still definitely useful for Level 1 (Level 2 not so much).

    • desantol
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      I didn’t realize the Q-bank questions could be filtered for difficulty until pretty late into my studying for L1 in December.  I did not pass–band 10 🙁

      I think if you use Schweser Q-bank you have to use the filter for sure and avoid the easy questions.  For this go-around I’m using the Elan Q-bank and the questions are much more difficult but it’s basically a flat file downloaded into an online book app.  The answers are also not really robust.  So while the questions are tougher and (hopefully!) crystallizing my thinking much better, they are not easy to use at all compared to Schweser.

      Honestly, I think Schweser should be fine for L1 if you’re using the tougher questions.  They are a limited set, however, so while it looks like there are a TON of questions in some of the sections once you weed out the easy ones there is not a lot left.

      definitely add in the EOC questions.  They are closer to what to expect on the exam.

    • tmcinerny
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      I am not sure if I am missing something, but how do you filter questions by difficulty in the Q-Bank? When I am in my Custom Quiz creation screen, I can only filter by used/unused questions in the LOS.

    • desantol
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      If I recall there is a set of check boxes when you are creating/generating the quizzes that you want from the bank.  You can create questions specific to sections of the material but also you should be able to select the level of difficulty.  Sorry, that’s the most that I remember from using it a few months ago.

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