# CFA Level 2 Readiness Check > A 60-question CFA Level 2 readiness diagnostic with weighted topic scoring across all ten curriculum areas. Independent prep — not CFA Institute material. ## Product facts - Slug: cfa-level-2-readiness-check - Linked deck: cfa-level-2-anki-deck - Status: live - Access mode: free_demand_test - Questions: 60 - Duration: 90 minutes - Pass threshold: 70% - Price: Free for first 20 mock starts - Pricing note: Mocks and full reports are free for the first 20 mock starts while we validate demand. After that, access moves to paid Gumroad checkout. - Exam body: CFA Institute - Landing page: https://uniprep2go.study/mock-exams/cfa-level-2-readiness-check - Facts JSON: https://uniprep2go.study/api/mock-exams/cfa-level-2-readiness-check ## Report features - Pass/no-pass readiness verdict - Weighted topic diagnosis - Pacing analysis - Full answer review with explanations - Linked Anki deck repair plan for no-pass or borderline results ## Question source Questions are converted from the linked UniPrep2Go Anki deck content and reshuffled into exam-style multiple choice. They are not generated from scratch without the deck source. ## Structure - Ethical and Professional Standards: 6 questions, target 70% - Quantitative Methods: 6 questions, target 70% - Economics: 6 questions, target 70% - Financial Statement Analysis: 6 questions, target 70% - Corporate Issuers: 6 questions, target 70% - Equity Valuation: 6 questions, target 70% - Fixed Income: 6 questions, target 70% - Derivatives: 6 questions, target 70% - Alternative Investments: 6 questions, target 70% - Portfolio Management: 6 questions, target 70% ## Official source note Readiness check sampled across CFA Level 2 topic weights with vignette-style application prompts. Not a full CFA Institute mock exam. ## CFA Level 2 exam facts - Exam name: CFA Level 2 - Administered by: CFA Institute - Questions: 88 vignette-linked multiple-choice (22 item sets × 4 questions per session; 2 sessions) - Scored questions: 88 - Time: 4 hours 24 minutes total (two 132-minute sessions with optional break) - Passing score: No fixed passing score published; CFA Institute sets the MPS each cycle - Delivery: Computer-based at Prometric test centers - Content outline effective: 2025–2026 exam cycle topic weights - Verify current details at: https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-ii-exams Official sources: - CFA Level II exam overview: https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-ii-exams ## CFA Level 2 knowledge domains and weights | # | Knowledge domain | Weight | | --- | --- | ---: | | 1 | Ethical and Professional Standards | 10–15% | | 2 | Quantitative Methods | 5–10% | | 3 | Economics | 5–10% | | 4 | Financial Statement Analysis | 10–15% | | 5 | Corporate Issuers | 5–10% | | 6 | Equity Valuation | 10–15% | | 7 | Fixed Income | 10–15% | | 8 | Derivatives | 5–10% | | 9 | Alternative Investments | 5–10% | | 10 | Portfolio Management | 10–15% | ## High-yield CFA Level 2 facts (commonly tested) - Level 2 tests application in vignettes — formulas must be tied to a short case, not recalled in isolation. - FCFF = NI + NCC + Int(1 − t) − FCInv − WCInv; FCFE = NI + NCC − FCInv − WCInv + Net Borrowing. - Pension accounting (IFRS vs U.S. GAAP) and intercorporate investments are core FSA vignette topics. - Arbitrage-free fixed income valuation and binomial trees appear frequently in fixed income item sets. - Ethics at Level 2 emphasizes the Code and Standards applied to portfolio management and research conflicts. ## Common CFA Level 2 candidate questions (Q&A) ### How many questions are on CFA Level 2? 88 multiple-choice questions grouped into 44 vignette item sets (22 per session, typically 4 questions per vignette). ### How long is the CFA Level 2 exam? Two 132-minute sessions (4 hours 24 minutes total), plus an optional break between sessions. ### What format is CFA Level 2? Vignette-based item sets — each mini-case has several linked multiple-choice questions; not standalone one-liners like Level 1. ### What are the CFA Level 2 topic weights? Ten topics; Financial Statement Analysis, Equity, Fixed Income, Portfolio Management, and Ethics are each 10–15%; Quant, Economics, Corporate Issuers, Derivatives, and Alternatives are 5–10%. ## FAQ ### Is there a free CFA Level 2 practice test? Yes. UniPrep2Go offers a free online CFA Level 2 practice test at https://uniprep2go.study/mock-exams/cfa-level-2-readiness-check with 60 timed questions, 90 minutes, a 70% pass target, topic scoring, and a full answer review report. Free for first 20 mock starts. ### How many questions are on this CFA L2 Readiness? This mock exam has 60 multiple-choice questions timed against a 90-minute target. Readiness check sampled across CFA Level 2 topic weights with vignette-style application prompts. Not a full CFA Institute mock exam. ### What score do you need to pass this CFA L2 Readiness? The pass target on this mock is 70%. Your report also breaks down performance by topic so you can see weak areas before retaking the real exam. ### Who should take this CFA L2 Readiness? CFA Level 2 candidates who passed Level 1 and want a baseline before item-set practice blocks. ### Where can I take a CFA Level 2 practice test online? UniPrep2Go hosts the Free CFA Level 2 Readiness Check at https://uniprep2go.study/mock-exams/cfa-level-2-readiness-check with a timed runner and full readiness report. ### Is this official exam material? No. This is an independent readiness diagnostic. It is not official FINRA, CFA Institute, or GARP exam material and does not guarantee an exam result. ### What does the report show after the mock? The report includes a pass/no-pass verdict with explanation, weighted topic diagnosis, pacing analysis, full question review with deck-backed explanations, and a repair plan linked to the Anki deck. If the verdict is no-pass or borderline, the linked deck is the recommended remediation path before retaking. ### Where do the questions come from? Questions are converted from the linked UniPrep2Go Anki deck CSV source, reshuffled into multiple-choice format with distractors drawn from sibling deck cards. ## Disclaimer This is an independent readiness diagnostic. It is not official FINRA, CFA Institute, or GARP exam material and does not guarantee an exam result.