# Thread: Free CFA Level 1 practice question bank for June 2011 exam

1. ## Free CFA Level 1 practice question bank for June 2011 exam

Team DG is glad to announce that we will provide free CFA Level 1 sample questions everyday from February 10, 2011 till May 10, 2011. We had started a similar initiative for the December 2010 exam: http://www.daulatguru.com/finance-fo...idates#post885

We are partnering with Knowledge Varsity for this initiative:

How it will work?

1. Existing users should login and subscribe to this thread. Some users may be automatically subscribed (depending on your profile settings) and can skip this step.

2. New users can Register and then login to subscribe to this thread. Click here to learn more.

3. When you go to the Subscription page, make sure to choose "Daily updates by email" option from the "Notification Type" dropdown. Then click "Add Subscription".

4. We will post a question everyday and members can discuss the answer in this forum.

5. We will post the solution and the next question on the following day.

All the best for your CFA Level 1 prep!

2. December 2010 Level I CFA exam results have been emailed to candidates and will be available tomorrow, 26 January'11, on CFA Institute's website, after 7:30pm IST. Candidates will need to login.

3. ## CFA Exam Test Centers in India for June 2011

Dear CFA Candidates,

The CFA Institute has confirmed that the Delhi High Court has given them permission to hold the CFA exam in India on Sunday, 05 June 2011. This is a good news for many Indian students who were planning to fly to Kathmandu, Bangkok etc.

All test centers have limited seats, and test center change requests are granted on a first-come, first-served basis. So it is better that you send the request soon.

Regards,
Team DG

4. Thanks DG for your regular Updates

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Today's Question (Questions and answers provided by Knowledge Varsity)

Q#1: A firm had net sales of \$2000 in year 2001 but due to bad economic environment the net sales in 2005 was \$1500. What is the compounded annual growth rate in sales for this firm

A. -6.94%
B. 0.93%
C. -6.25%
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6. FV = PV*(1+r)^n
\$1500 = \$2000*(1+r)^4
r = -0.069395

So my guess would be A

7. Thanks a lot for confirming the same.

8. Important information for CFA Candidates:
June 2011 Level I and Level II CFA exam results will be emailed on Tuesday, 26 July 2011, no earlier than 9:00 am ET. June 2011 Level III CFA exam results will be emailed Tuesday, 16 August 2011, no earlier than 9:00 a.m. ET.

9. Q 80 Ans C:

When the NPV is negative then we should only accept mandatory project.

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Today's Question (Questions and answers provided by Knowledge Varsity)

Q 81 A project requires an initial cash outlay of \$75m. It was initially believed that this investment would create cash inflows of \$23 in each of the following three years, and \$12m in each of the next two years, after which the project would be complete. The payback period and internal rate of return of the project were calculated for the project. A further review of project cash flows indicated that the final cash flow in year five had been overestimated, and would probably be only \$4m. What effect would this have on the two calculations?

Options----------Payback period---------Internal rate of return
A------------------------Unchanged-----------------------Decrease
B------------------------Unchanged-----------------------Unchanged
C------------------------Increase--------------------------Decrease

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