Free CFA Level 1 Mock Exam: 90 Practice Questions, Full Answers & 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 practice, here is our upgraded, free CFA Level 1 mock exam that reflects the latest CFA exam curriculum. This is a 2 hour 15 minutes, 90-question CFA practice 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?

Our free CFA Level 1 mock exam: How it works

free cfa level 1 mock exam

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.

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​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!

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You can do this CFA Level 1 mock exam 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. 
Get the Free CFA Level 1 Mock Exam (PDF)

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.

How did you score in this practice exam? Was there any particular topics you found especially challenging? Tell us in the comments below!

Meanwhile, you may find these related articles of interest:

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71 thoughts on “Free CFA Level 1 Mock Exam: 90 Practice Questions, Full Answers & Analytics”

  4. Question 45 also does not have the correct answer. Correct answer should be
    EBITDA Margin: Lower under an operating lease.
    Asset Turnover: Higher under an operating lease.

    Reply

    • Incorrect. $4.85 is the basics EPS calculation. Since the convertibles are anti dilutive, the answer would be to use the basic EPS as the diluted.

      Reply

  6. Hi, how can i contact with the supervisor of 300hours. I need more test bank about the CFA exam. Contact me, i really want to get more practice.

    Reply

  28. Q16 doesn’t have the correct answer as an option to choose from, but in the email then shows the correct answer. Looks like the DP is in the wrong place. This made me worried for spending time doing the rest of the exam if the questions/answers don’t align.

    Reply

  29. Good afternoon team, thank you so much for providing the mock questions to us inquisitive newbies. I would like to give the mock a go. Please could you share the answers to me as well?

    Thanks
    Brendan

    Reply

  35. Do y’all have any data as to the difficulty of this exam compared to other mock exams (i.e. Schweser, Wiley, CFA Institute)?

    Reply

    • Hi Will, no we don’t as there isn’t such a comparison to begin with. What candidates find difficult varies. IFT is a CFA Institute approved prep provider and we have looked and checked through their questions quality, variety and explanations. That’s why we are sharing it here as a free resource for ou rreaders.

      Reply

  36. Hello, thank you for providing a free mock, i attempted it just now. I have one doubt, after attempting the mock on the google survey, it says i got 62 out of 90 correct but the detailed result mailed to me says i got 66 correct out of 90, can i get please get a explanation.

    Reply

    • i figured it out, so some questions that i actually got wrong were shown as if i chose the correct option in the detailed result.
      300Hours please kindly look into it.

      Reply

      • Hi prathamesh, thanks for letting us know.

        I’m rather scratching my head on this one. I’ve just submitted a test submission, replicating your answers exactly. Both on-screen scores and emailed detailed scores show 66/90 questions. However, your entry record DOES show that the on-screen score shown to you when you did it was 62/90.

        You mentioned that you figured out that some questions that you actually got wrong were shown as if you chose the correct option in the detailed result. Can you let me know which questions were these? That would help me hunt down what went wrong, otherwise I’m inclined to chalk it up as a weird tech burp.

        Reply

    • Hi! We’ve not received a submission under your email address I’m afraid. The mock submissions seem to be working fine – if you resubmit you should get your analysis and detailed answers sent to your inbox. Hope that helps!

      Reply

    • Hi Chirayu3, just continue scrolling down? We display all the questions in one page and you can only find the Submit button after completing 60 questions. Hope this helps!

      Reply

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

    Thanks

    Reply

  42. 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.

    Reply

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