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CFA Level 1 Practice Questions & Mock Exams

AI-enriched questions across all 10 CFA Level 1 topic areas. Learning Outcome Statement alignment, examiner-intent analysis, and a predicted pass score after every session.

Start practising free →Free mock test

Practice by topic

Foundation → Application → Exam Level difficulty progression on every topic.

Ethical and Professional Standards

Quantitative Methods

Economics

Financial Statement Analysis

Corporate Issuers

Equity Investments

Fixed Income

Derivatives

Alternative Investments

Portfolio Management

Examiner Insight

Ethics is the highest-weighted topic and the most commonly failed. Candidates who master the Standards of Professional Conduct before touching Portfolio Management consistently outperform those who leave Ethics to the end. Do 20 Ethics questions daily from week one.

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Frequently asked questions

What is the CFA Level 1 pass rate?

The CFA Level 1 pass rate is approximately 41–52% per sitting. The CFA Institute sets the Minimum Passing Score (MPS) after each exam based on candidate performance. SGrade maps your practice results to the MPS range.

How many questions are on the CFA Level 1 exam?

The CFA Level 1 exam has 180 questions across two 2 hour 15 minute sessions (90 questions each). All questions are multiple choice with three options: A, B, and C.

How long should I study for CFA Level 1?

The CFA Institute recommends 300+ hours of study. Most successful candidates study 4–6 months. The most effective approach is topic-by-topic drilling followed by mock exams in the final 4 weeks.

What is the hardest topic in CFA Level 1?

Financial Statement Analysis (FSA) and Fixed Income are consistently rated the hardest by candidates. FSA is also the most heavily weighted alongside Ethics. Build FSA fluency early — it compounds into Level 2.

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