The Chartered Financial Analyst (CFA Exam) is a globally recognized exam. The number of students taking this exam is very high, but there are a few who succeed in it. Aspirants can prepare for this tough exam with study material available online and improve their chances of clearing the exam.
CFA exam is conducted by the CFA institute of USA. The exam tests the competency of the individual that will help to become a thorough professional. It is important to note that the students failing in the exam is also high, as the CFA exam is one of the toughest exams.
Today, one can prepare for this tough exam with 2022 jamb runz online study material and software programs that will help them to prepare and pass this tough exam. Internet has provided students the access to unlimited amount of information and CFA study material. Now, students look beyond the teaching provided in four walls of classroom to face the fierce competition in the field of financial analysis.
Vast study material: There are websites which provide a huge number of sample and mock question papers. Students can have access to thousands of mock questions and simulation software that will give them almost a ‘real’ feel of this prestigious exam. It will help them to reduce the nervousness while appearing for the real exam and make them comfortable while taking the test.
Self-assessment: The software and question bank provided by websites help you to understand and access your performance. CFA aspirants will be able to analyze and dissect their performance. It will help them to know their weakness and strength in different subjects of the CFA curriculum.
Increased concentration: The CFA exam requires a thorough study with a lot of dedication. One has to prepare mentally to appear for the entrance exams as the entire preparation is a grueling time. This demands undivided attention of the person which is likely to be impossible in a class. There may be other students who can prove to be huge distractions for those who are serious learners. So, its better they study at home with the help of CFA study material provided online without any disturbance. This will help them to concentrate on their study and grasp the tough curriculum in a better manner.
With the development of scantron technology, MC exams are becoming more and more common. In fact, until recently, the SAT, one of the most crucial exams for a student, consisted solely of multiple choice questions. According to Fairtest, “most standardized tests, including state exams and most commercial achievement tests, are made up primarily of multiple-choice items.” However, multiple choice tests are not as effective as educators think they are.
The main problem with multiple choice tests is that they can be very subjective. According to Fairtest, “all these are subjective decisions that can be biased in ways that unfairly reward or harm some test-takers.” An issue often arises when a student has a good comprehension of the question but there appear to be two or more reasonable answers.
Another issue with MC exams is that students sometimes can answer a question correctly without having a good understanding of the material tested. And I am not talking about mere guessing here. For example, an Algebra II multiple choice exam may ask a question: “Solve x^2 + 2*x + 1 = 0. Use the quadratic formula.” The answer choices may be “A. -1,-1, B. 1,1, C. -1,1, D. No real solution”. A student does not actually have to know the quadratic formula to answer this question.
All he has to do is plug in -1 and 1 into the equation and see if it works. Also, a vocabulary multiple choice question may allow a student to answer the question correctly by just knowing which word “sounds right” without being able to recite it in an essay or in any more practical application. Students can also answer a question correctly without knowing the answer as long as they know that the rest of the answer choices are incorrect.
Also, with MC exams, educators will rarely be able to conclude why students can have chosen the incorrect answer. They are unable to address common misconceptions in the classroom like they can often do with free response questions. Since multiple choice exams are often used to evaluate an instructor’s performance, teachers are often more inclined to focus more on test-taking strategies than on actual classroom material.
Multiple guess exams are often time-constrained. The stress from rushing through the tests rather than from the lack of knowledge can contribute to some students’ low performance. The last problem with multiple choice exams is that some students can be learn to believe that there is only one correct answer to a question. In humanities, multiple theories and views are often used to answer a question. For example, Marxists and Behaviorists often have conflicting views on the causes of war. Some multiple choice exams can address this issue but it is still difficult to accommodate it in most circumstances.