Some of these changes are as follows: 1  The Church was no longer independent from the state. 2  They reached the end of feudalism. 3  The people of France gained rights and liberties, along with legal equality. 4  Women gained some power; mainly a voice for political and social rights.
The CFA Program includes a series of three exams; Levels I, II, and III. Are offered annually â at test centers around the world â on the first Saturday in June. The Level I exam is also offered in December.
The Unofficial Story. CFAI never release the minimum passing scores required for the exam. CFAI use the top one percent candidates' result as the benchmark for all other candidates. That is, if these top one percent people got 90% scores, we can get only 45% correct on the questions to have a result of 50%.