Free CFA Level 1 Mock Exam: 60 Practice Questions, Full Answers and Analytics

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To access our free mock exams for other levels, check out our Free Guides section.

Hope your CFA preparations are going to plan! If not, check out our guide to finishing up your notes, so that you can get started on practice exams.

For some warm up practice, we’ve put together 2 free practice tests for Level 1 candidates (this is the first paper, don’t forget the second Level 1 practice exam). This is a 90-minute, 60-question test weighted to the guidance set by CFA Institute for the actual CFA exam.

You can take the test online or download the PDF questions, with full answers and analysis included – all for free! After submitting your answers online, you’ll instantly be sent a personalized test result report and all answer explanations.

What are you waiting for?
​In your results email, you’ll also get a topic performance breakdown, showing areas of weakness and strength, so you’ll know which topics to focus on to help raise your overall exam performance.


​You’ll also receive comparative statistics on where you stand with the rest of the sample, better informing you if you need to double down on revision!


You can do this mock paper in two ways:

  • online (either right now via the form below, or bookmarking this page to come back later); or
  • offline, by downloading the PDF questions and submitting your answers below when done. 

Either method is easy: All you need to do is just click through the questions below, fill in your details and click ‘Submit’.

Good luck, and hope you find this useful! If you have any feedback, just give us a shout in the comments below.

And if you’d like even more practice, remember that we also have a Guide to Practice Exams here.


8 thoughts on “Free CFA Level 1 Mock Exam: 60 Practice Questions, Full Answers and Analytics”

  1. I submitted level 1 mock exam. I see the answers, but would love to have the explanations/calculations.


  2. Your practice tests with answers are highly productive contribution to our study. I shall be grateful if you could increase questions from 120 to 250.


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