I’d say go with Volume 1, although I haven’t started volume 2. So this is just my guess based on my experience at levels 1 and 2.
The schweser practice exams are instructional rather than indicative of the actual test. Therefore as you go further through them the questions tend to get more obscure as they are trying to cover every bit of the curriculum.
The actual test will be fairly predictable by and large. Sure there might be one or two obscure things, but for the most part it is gonna be a lot like it was the past few years. They just ask it a little differently.
We’re gonna get one IPS thingy about an individual, another about an institution. We’ll have to figure out returns, and talk about constraints and risk. That’s pretty much guaranteed. There are all sorts of little nuggets in the exam that most likely won’t be tested. But one or two will. Something that comes to mind is the tiny bit about gold in the commodities reading. That was on a test a few years back and messed everyone up. It’s a very short little paragraph in the schweser reading that you could easily ignore. I don’t think, if you are short on time, that you want to worry about that stuff too too much.I think you are much better just doing a million ips problems so that you get the hang of it.