# Thread: Free CFA Level 1 Practice Questions for June 2013 exam

1. @Simplilearn:- Please provide the answer for the question of 6th March.

Re,

2. Answer of the day: 6th March,2013

The correct option is A
The probability that the venture will pay 1 million at the end of five years is 50%. The probability of failure is 50%. The expected NPV if the project succeeds is \$301,877 using FV = 1,000,000, I = 20%, n = 5. The NPV of the project is 0.50x(301,877) + 0.50x(-100,000) = \$100,938. The investment has a positive NPV and should be accepted.

3. Question of the day: 12th March,2013

Which is true of a leptokurtic distribution?

I. It will be more peaked than the normal distribution.
II. It will have thinner tails than the normal distribution.
III. It will be less peaked than the normal distribution.
IV. It will have fatter tails than the normal distribution

A)I and II.
B)I and IV.
C)III and IV.

4. The answer for 12th March shud be :- C

@Simplilearn:- Can u plz elaborate more for answer to 6th March.

5. Answer of the day: 12th March,2013

The correct option is B
I and IV are true of leptokurtic distributions. This is also called having "excess kurtosis." II and III are characteristic of platykurtic distributions.

6. Question of the day:14th March,2013

Mr. Good, CFA, is portfolio manager of Great Fund. Great Fund has generated good returns. Mr. Good created new marketing materials that showed the fund’s 1- year return as well as the 3 and 5-year returns calculated by using back-tested performance information. As the marketing material is used only for presentations to private clients, Mr. Good does not mention the inclusion of back-tested data. According to the Standards of Practice Handbook, how did Mr. Good violate CFA Institute Standards of Professional Conduct?

A)The marketing materials does not compare performance with other similar portfolios.
B)He disclosed the marketing material only to private clients.
C)He did not disclose the use of back-tested data.

7. The answer for 14th March:- B

@Simplilearn:- Can u plz elaborate more for answer to 12th March.

8. @DaulatGuru:- New DG site...!! More user friendly to use it.. good change :-)

9. Originally Posted by mahesh
@DaulatGuru:- New DG site...!! More user friendly to use it.. good change :-)
Thank you for the feedback Mahesh.

10. Answer for 14th march 'C'.

@Simplilearn:- Sir, we are waiting for the correct answer.