2013 Schweser Kaplan Cfa Level 1 Qbank Free Download
It appears many people buy the qbank but do not know how to effectively use it. Here is how I used it to pass level 1. Has about 4000 questions for level 1 with about 500-600 for each topic.
Start off by skim reading a book just to get a sense of the material. (FRA, Equity, FI, PM) at level 1 the order does not matter. With a “blank” Qbank go to the option to “Browse Questions” and go through every question in a reading. (Typically 100-200 questions) read the question, see the correct answer.
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The point here is to start getting comfortable with the format and question types. Qbank typically has multiple questions covering the same basic formula/concept with a different input/twist.
After goings through every question in all the LOS in the reading, you will get fast. Use the option to “create exam”, with a full 120 questions from that reading. You will be tested on the same questions you just saw the answers too, but don’t expect to get 100 percent. Once you finish that “exam”, complete 100% of the questions in that reading.
The goal is to go through every question in the Qbank.The next step is to create exams using “previously answered incorrect questions” these will typically be the hard ones that you will need to focus on. Ethics has about 600 questions. Towards the end of your review, you should be able to create 5 120 question exams and you will be flying through them because you have already seen them. In my case there was about ~80 questions that I repeatedly got wrong and it was a very tailor made exam for my weakness. When I took the real exam Every question was “different” from anything in the Qbank. But I had seem the concepts so many times, that it was just an issue of reverse engineering.
The practice of getting fast is helpful also. Obviously do the mock/ full practice once you complete the Qbank. TLDR: memorize the Qbank and the solutions.
It takes too long to trying answering all the questions from scratch, browse the questions and answers first. Why are you so worried about piddly stuff like this? There is a way to set Q-Bank so that you can answer the question, and immediately see the correct answer and read the “commentary”. That is, you don’t have to wait untilyou finish the test. This is highly preferable to answering all 50 questions now, then reading all 50 answers later. Because if you take a 50-question quiz, then you’re re-reading the question an HOUR AND A HALF after you answered it.
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You can’t remember the question, and certainly can’t remember what you were thinking. So it does you no good to look at the answer an hour and a half later. Some people don’t even look at their answers until the next day. My advice (and it worked for me) - Stop worrying about piddly stuff and start studying. Don’t ask “How long should it take me to answer a question?” Don’t ask “How long should it take to answer 3,000 questions?” Don’t ask, “Will the Q-Bank cover 100%, 90%, or 65.3% of the material?” Just build a practice exam and answer the questions. If you get it wrong, figure out why. When you’re done with the test, repeat as necessary until June 6.
If you study and answer the Q-Bank questions correctly, then you will have more than enough knowledge to pass the exam. This is true for Level 1.
It is also true for Levels 2 and 3.
• General CFA exam prep • General Finance/stock market discussion • Home of the portfolio • Career-advice Please follow these rules while using this subreddit. • Do not encourage/distribute illegal forms of study tools • Do not discuss exam questions during or after writing. Vague, overall thoughts are acceptable. • Verbal abuse and harassment are not tolerated. • Do not submit memes or advice animals.
• Do not submit questions regarding general finance job seeking • No attempts at redirecting discussions to external forums • Avoid the use of anxious tones in posts related to testing • • Read the • • • • • • •. You're acting like a topic tested in a qbank question won't be applicable to an exam question.
For L2 it won't be. The main problem of L2 is that you have to read with understanding and fish out relevant details from the questions. Star pistol serial numbers. Q-bank questions for L2 give you the data straight up.
This is not the case on actual exam. For L1, Schweser is gold, I passed by maxing q-bank. For L2 it's a bit detached.
It's still a good tool to practice formulas and concepts but if you rely solely on schweser for L2 you will most likely fail. I started the study process in February. I don't know dude, whatever floats your boat.