CFA Level I:
Question Format: Multiple-choice questions (MCQs)
Number of Questions: 180 MCQs
Exam Duration: 4 hours and 30 minutes (two sessions of 2 hours and 15 minutes each)
https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam#exam-duration

CFA Level II:
Question Format: Multiple-choice questions based on case studies (item sets)
Number of Questions: 88 MCQs (22 item sets, each with 4 MCQs)
Exam Duration: 4 hours and 24 minutes (two sessions of 2 hours and 12 minutes each)
https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-ii-exam

CFA Level III:
Question Format: A combination of multiple-choice questions and essay-style constructed response questions based on case studies (item sets)
Exam Duration: 4 hours and 24 minutes (two sessions of 2 hours and 12 minutes each)
https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-iii-exam

Please note that the CFA Institute may make slight adjustments to the exam format from year to year, so it’s always best to check the official CFA Institute website for the most up-to-date information.

To learn more about CFA you can inquire with us by visiting our website: https://proschoolonline.com/cfa-course/what-is-cfa
Contact No: 7710044425