CFA LEVEL I

MOCK TEST PAPER

Exam Date : 01-03-2020

UNDERSTANDING INCOME STATEMENTS

ANSWER KEY

1. A 2. B 3. A 4. B 5. A 6. C
7. B 8. Removed 9. Removed 10. Removed 11. Removed 12. A
13. B 14. A 15. A 16. Removed 17. Removed 18. Removed
19. C 20. B 21. C 22. C 23. C 24. C
25. Removed 26. Removed 27. A 28. C 29. B 30. A
31. B 32. B 33. C 34. C 35. C 36. C
37. C 38. C 39. B 40. B 41. A 42. C
43. B 44. Removed 45. A 46. Removed 47. A 48. B
49. Removed 50. B 51. A 52. C 53. C 54. C
55. B 56. C 57. B 58. B 59. Removed 60. C
61. Removed 62. B 63. A 64. A 65. B 66. B
67. C 68. B 69. C 70. A 71. A 72. C
73. B 74. B 75. C 76. B 77. A 78. C
79. Removed 80. A