Free mock test · timed
30 or 90 original questions at the real exam pace.
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The short version
Quick answer: a CFA® Level 1 mock test is a timed practice exam. CFA means Chartered Financial Analyst. The real exam has 180 three-option questions in two sessions of 135 minutes, with no negative marking (no marks lost for wrong answers). That works out to about 90 seconds a question. This free mock gives you 30 questions in 45 minutes, or 90 in 135.
Guide
How to use a mock well
Level 1 is 180 multiple-choice questions in two sessions of 90, with 135 minutes each. Multiple-choice means you pick one answer from the options given. Every question has three options: A, B and C. A blank and a wrong answer both score zero, so a smart guess can only help.
| Real Level 1 exam | Quick mock | Full-session mock | |
|---|---|---|---|
| Questions | 180 (two sessions of 90) | 30 | 90 |
| Time | 135 minutes per session | 45 minutes | 135 minutes |
| Answer options | 3 (A, B, C) | 3 | 3 |
| Wrong answers | No negative marking | No negative marking | No negative marking |
| Pace | About 90 seconds a question | 90 seconds a question | 90 seconds a question |
| Topic mix | Official weight ranges | Official weights for your window | All 90 bank questions, close to the 2026 weights |
In short: the full-session mock matches one real session's length and pace.
Session 1 has Ethics, Quantitative Methods, Economics, Financial Statement Analysis and Corporate Issuers (renamed Corporate Finance from 2027). Session 2 has the other five topics. Our full-session mock mixes all ten.
Each topic has a weight range: the share of questions it can take. From February 2027, Ethics drops to 10–15% and Quantitative Methods rises to 11–14%. Four topics are renamed. The mock uses the table for your exam window.
| Topic (2027 name) | 2026 | 2027 | Quick mock 2026 / 2027 |
|---|---|---|---|
| Ethical and Professional Standards | 15–20% | 10–15% | 5 / 3–4 |
| Quantitative Methods | 6–9% | 11–14% | 2 / 3–4 |
| Economics | 6–9% | 6–9% | 2 / 2 |
| Financial Statement Analysis | 11–14% | 11–14% | 4 / 3–4 |
| Corporate Finance (was Corporate Issuers) | 6–9% | 6–9% | 2 / 2 |
| Equities (was Equity Investments) | 11–14% | 11–14% | 4 / 3–4 |
| Fixed Income | 11–14% | 11–14% | 4 / 3–4 |
| Derivatives and Risk Management (was Derivatives) | 5–8% | 6–9% | 2 / 2 |
| Alternative Investments | 7–10% | 6–9% | 2 / 2 |
| Portfolio Construction (was Portfolio Management) | 8–12% | 8–12% | 3 / 3 |
In short: from February 2027, Quantitative Methods gains about 9 of 180 questions, about two-thirds more than before. Ethics loses about 9 (illustrative, at the middle of each range).
The quick mock splits its 30 questions by the middle of each range. Ethics at 15–20% has a middle of 17.5%: 5 of 30 questions. In 2027, five topics share a middle of 12.5%. Four get 4 questions and one gets 3, picked at random each attempt.
There is no official answer. CFA Institute does not publish a pass mark. Its Board of Governors sets the minimum passing score (MPS), the score you need to pass, for each level. Your result shows pass or fail, a scale score and how you did in each topic. So a mock percentage is a progress check, not a pass prediction. Watch your trend across several mocks.
Topic scores matter more than one total. Like a leaking tank, fix the biggest hole first. Illustrative: on a 2026 exam, Ethics is about 32 of 180 questions. Lifting it from 40% to 70% adds roughly 9 or 10 correct answers. The same jump in Derivatives (5–8%, about 12 questions) adds only 3 or 4.
Start full-length mocks in the last six to eight weeks, once you have covered the whole curriculum. Before that, use quick tests to find weak topics. Sit each mock on the clock, with no notes. Then spend as long reviewing it. Registered candidates also get CFA Institute's official mock exams. Our CFA Level 1 study plan shows where mocks fit.
Practice is cheaper than a retake. Each Level 1 attempt costs USD 1,140 if you register early or USD 1,490 at the standard price. Prices are from CFA Institute, checked October 2026. That is about ₹1,08,237 to ₹1,41,468 before GST (India's goods and services tax). The rupee figures are illustrative. They use the ECB (European Central Bank) reference rate, crossed via EUR, of ₹94.9451 per US dollar on 23 Oct 2026.
Every question is original and written for QuintEdge in the Level 1 style. None is copied from CFA Institute or any prep provider.
FAQs
Yes. You can start straight away with no sign-up. When you finish, enter your name, email and phone to see your full result, topic breakdown and answer review. There is no fee.
180 multiple-choice questions, split into two sessions of 90 questions with 135 minutes each. Every question has three answer options and there is no negative marking, so answer every question.
No. Every question is original and written for QuintEdge in the Level 1 style. CFA Institute does not share its exam questions. Registered candidates get CFA Institute's official practice questions and mock exams, so use those alongside this mock.
CFA Institute does not publish a fixed pass mark. Its Board of Governors sets the minimum passing score for each level. So a mock score is a progress check, not a pass prediction. Focus on raising your weakest high-weight topics.
The ones for your exam window. November 2026 uses CFA Institute's 2026 Level I weights. February 2027 onward uses the 2027 weights, where Ethics drops to 10–15% and Quantitative Methods rises to 11–14%. The quick test picks its questions on those weights. The full session uses all 90 questions and compares your topic scores with them.
No. Your answers, flags and timer are saved in this browser tab. The timer keeps running while you are away, and the test submits itself when it reaches zero. Closing the tab ends the attempt.
Yes, as often as you like. Each quick test picks a fresh mix of questions, and every attempt shuffles the question order and the answer options. The full session uses all 90 questions in a new order each time.
This mock test is for practice only. Its questions are original QuintEdge material, not CFA Institute questions, and a practice score does not predict your exam result. The exam format, topic weights and fees come from CFA Institute (checked October 2026). They can change, so always confirm on cfainstitute.org. ₹ figures are illustrative at the ECB reference rate, crossed via EUR, on 23 Oct 2026. CFA Institute does not endorse, promote or warrant the accuracy or quality of the products or services offered by QuintEdge. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
