CFA Level 1 Practice Questions
Test your CFA exam readiness with 190 module quiz questions and a full 180-question mock exam covering all 10 subjects. Every quiz and the full mock live in the study dashboard. Try five sample questions below for free.
Based on CFA Master registered accounts and sign-in countries, September 2026.
190
Quiz Questions
180
Mock Exam Qs
10
Subjects
2026
Curriculum
Photo by Nguyen Dang Hoang Nhu on Unsplash
Quick answer
How many practice questions should you do for CFA Level 1?
Most candidates who pass CFA Level 1 complete somewhere between 1,500 and 3,000 practice questions, plus at least two or three full-length mocks. Volume matters less than reviewing every wrong answer until you can explain why the right one is right. CFA Master provides 190 module-level questions with explanations, plus a 180-question mock exam.
- 190 module questions with an explanation on every answer choice
- A full 180-question mock exam mirroring the real two-session format
- Target 1,500–3,000 questions total across all your study sources
- Review rule: log every miss by module, not just by score
Quiz Questions by Subject
Each module includes targeted quiz questions with detailed explanations. 190 questions across all 10 CFA Level 1 subjects.
Quantitative Methods
Exam weight: 6-9%
Economics
Exam weight: 6-9%
Financial Statement Analysis
Exam weight: 11-14%
Corporate Issuers
Exam weight: 6-9%
Equity Investments
Exam weight: 11-14%
Fixed Income
Exam weight: 11-14%
Derivatives
Exam weight: 5-8%
Alternative Investments
Exam weight: 7-10%
Portfolio Management
Exam weight: 8-12%
Ethical & Professional Standards
Exam weight: 15-20%
Full 180-Question Mock Exam
Simulate the real CFA Level 1 exam with a comprehensive practice test covering all topics, weighted by CFA Institute exam proportions.
180 Questions
Multiple-choice questions covering all 10 subjects at exam-weight proportions.
Exam Format
Mirrors the actual CFA Level 1 exam structure. Answer at your own pace or set a timer.
Instant Scoring
See your score immediately with detailed explanations for every question.
Question Distribution by Subject
30
Ethics
15
Quant
15
Economics
23
FSA
15
Corporate
17
Equity
23
Fixed Income
12
Derivatives
11
Alternatives
19
Portfolio
Try 5 Sample Questions
Click an answer to check if you are right. Each question includes a detailed explanation.
A CFA charterholder discovers her firm is systematically overcharging clients. She should FIRST:
The EAR for a stated annual rate of 12% compounded monthly is closest to:
A recession is characterized by:
A price-weighted index is most affected by:
Convexity is beneficial to bondholders because:
Ready for More Practice?
All 190 module quiz questions, the full 180-question mock exam, cheat sheets, flashcards, and formula sheets live in the Study Dashboard. Start free with the Rates and Returns module.
Free to start · No card needed · A free account saves your quiz scores and progress.
Frequently asked questions
How many practice questions are enough for CFA Level 1?
There is no official threshold, but 1,500–3,000 questions across all your sources is the range most successful candidates report, alongside two or three full-length mock exams in the last six weeks.
When should you start doing CFA Level 1 practice questions?
Immediately after each module, not at the end of your study plan. Answering questions the same day you read a module converts recognition into recall and shows you which parts you only think you understood.
Are CFA Level 1 practice questions harder than the real exam?
Third-party questions vary. CFA Institute's own mock exams are the most representative of exam difficulty and wording; use other question banks for drilling volume and coverage, and calibrate your expectations against the official mocks.