CFA® Level I exam mock: full timed practice exam

180 questions · two sessions of 90 · 135 minutes each · three choices

The Level I format: 180 three-choice questions in two timed sessions of 90. Session 1 holds 22 ethics, 21 quantitative methods, 13 economics, 21 financial statement analysis and 13 corporate finance questions; session 2 holds 23 equity, 23 fixed income, 13 derivatives, 13 alternative investments and 18 portfolio questions, from the midpoints of the 2027 topic weights. You get a score by session and by topic and a worked review of every question.

Line drawing of a test center computer showing a question with three answer circles, a keyboard, a financial calculator, a stopwatch and earplugs

Before you start

Every question has three choices (A, B, C) and one correct answer, as on the real exam. Keep your BA II Plus or HP 12C next to you for the calculations.
Within a session you can skip, go back, change answers and flag questions. Each session has its own 135-minute clock, which keeps running in background tabs and reloads. When session 1 ends it stays closed; you can take a break before session 2’s clock starts.

Create a free account before you start

Create a free account to start. Every drill includes one free attempt. The Level I exam pass unlocks the full timed mock and unlimited drills for every topic.

Game Assessment Prep is an independent practice site. It is not affiliated with, endorsed by or a prep provider of CFA Institute, and CFA Institute does not endorse, promote or warrant the accuracy of these questions. Every question is original; none is taken from CFA Institute materials. CFA®, Chartered Financial Analyst®, CIPM®, and GIPS® are registered trademarks owned by CFA Institute.