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Licensing

CFA Level I Practice Test

This free CFA Level 1 Practice Test is here to help you get comfortable with the kinds of questions you might see on the exam. You’ll go through areas like Alternative Investments, Portfolio Management, and Wealth, Corporate Issuers (Corp Finance) and Equity Investments, Economics, Financial Reporting, and Analysis, presented in a clear and approachable way. If you searched for something like ‘cfa level 1 practice test’, ‘cfa level 1 practice exam’, you’re in the right place. Use this test to check what you already know, notice areas you may want to review, and build confidence before taking the real exam.

Quick Start

Start instantly with sensible defaults based on the preselected exam settings below.

  • Study mode – explanations (and optional tips) are shown as you go.
  • Test mode – explanations and tips are hidden for a real exam feel.
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What's on this CFA Level I Practice Test?

The CFA Level 1 Practice Test focuses on the key ideas that often appear on exams like this. You’ll answer questions on Alternative Investments, Portfolio Management, and Wealth, Corporate Issuers (Corp Finance) and Equity Investments, Economics, Financial Reporting, and Analysis, Ethical, Professional Standards, and Quantitative Methods, Fixed Income and Derivatives, each written to feel clear and helpful. You might even see ideas related to searches like ‘cfa level 1 practice test’. Each attempt gives you a quick sense of where you’re solid and where you may want more practice. The goal is to reinforce the concepts, question styles, and the reasoning and content knowledge assessed in academic exams.

Quick Q&A

How should I study with this CFA Level 1 Practice Test?
Many learners arrive here after searching for terms like ‘cfa level 1 practice test’. A good way to start is by taking the test once without notes. Then review any questions you missed and try again later. Many learners repeat the practice test as they get closer to exam day.
Is this CFA Level 1 Practice Test really free?
Yes. You can take this practice test as many times as you’d like with no fees, subscriptions, or sign-ups.
Does this CFA Level 1 Practice Test match the real exam?
It’s designed to feel similar in style and difficulty, but it should be used as a study tool, not a replacement for official testing materials.
Will this CFA Level 1 Practice Test help improve my score?
Consistent practice can help you feel more comfortable, strengthen your understanding of key ideas, and reduce test anxiety. While no single resource can guarantee a score increase, steady practice is always beneficial.
What topics does this CFA Level 1 Practice Test cover?
You’ll see questions from Alternative Investments, Portfolio Management, and Wealth, Corporate Issuers (Corp Finance) and Equity Investments, Economics, Financial Reporting, and Analysis. Everything is meant to help you focus on the ideas that matter most for this exam.

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CFA Level 1 Practice Test | Qypsy