Overview of IMC mock exam

The IMC examinations contain a large number of learning outcomes. The objective of the mock exams is to provide guidance on the structure of the exam and the way in which questions are positioned and asked. They should NOT be viewed as a primary source of learning. By its nature, a mock exam will only cover proportion of the learning outcomes. Candidates are strongly advised to develop a fundamental understanding of the curriculum in order to demonstrate the competence required to pass the examination. These examinations differ from any contained within the CFA UK Official Training Manual.

Exam Format

• Pass marks:
  o Unit 1 exam pass mark seldom varies between 65%–75%. The mock exam will only act as a guide to exam performance. Candidates should aim to achieve at least 75% when using the mock exam.
  o Unit 2 exam pass mark seldom varies between 60%– 70%. The mock exam will only act as a guide to exam performance. Candidates should aim to achieve at least 75% when using the mock exam.
• Types of exam questions:
  o Standard multiple choice – Candidates select 1 option of 4.
  o Item set – Candidates are given a short scenario with several questions associated with it. The material given in the case study does not change with the questions.
  o Gap fill – Candidates must enter a value into the answer field. There are specific formatting requirements and these formatting requirements are always given in the question.
  o Download the question type guide to become familiar with the format
• Calculator:
  o From 1st June 2020 IMC candidates will not be permitted to use a handheld calculator during their examination. The onscreen calculator will be available for all questions during the exam.
  o The CFA UK calculator policy provides  further information on the onscreen calculator.