CFA Level I Practice Test

180 questions162 minutesDetailed explanationsInstant scoring

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About the Real CFA Level I Exam

CFA Program Level I exam. A strong, blueprint-matched practice run is one of the best predictors of how you will perform on the real exam.

Our CFA Level I Practice Test

Our CFA Level I practice test contains 180 original questions spanning Ethics & Quant, Economics & Financial Reporting, Investments. Each question mirrors the real exam's style and difficulty and includes a detailed explanation, so every question teaches you something.

What to Expect

Ethics & Quant: Ethical standards, quantitative methods.
Economics & Financial Reporting: Economics, FRA.
Investments: Corporate issuers, equity, fixed income, derivatives, portfolio.

Try a Sample Question

CFA Level I — Sample · medium

Under the CFA Institute Code of Ethics, members must place the integrity of the investment profession and the interests of clients above:

A Their own personal interests

B The interests of the broader market

C Their employer's interests only

D Regulatory requirements

Explanation. The Code requires members to place client interests and the integrity of the profession above their own personal interests. While employer interests matter, the duty hierarchy explicitly elevates clients and professional integrity above the member's self-interest.

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