There used to be four answer choices in CFA Program exam questions. Results did not improve with one less answer choice. Why? Because Level III exam is not a financial analysis knowledge exam. It is about you being correct or incorrect in answering the question. Two choices are enough - one being the correct one and the other one you believe is correct - with confidence.
Mock exams are particularly important for two reasons: Getting used to sitting down for four and half hours and putting your brain through some tough mental gymnastics. Don’t underestimate this. Fatigue can be a big problem with the exams and we have heard candidates say that by the last couple of hours, they were just writing in anything to get it over.
Mock exams will help you follow your progress through each topic area, refining your study in each topic where you are weak.