Question bank · 2027 curriculum

CFA Level 1 Practice Questions

Free CFA Level 1 practice questions with answers and full explanations: 398 questions across all 10 topics of the 2027 curriculum, open to everyone with no sign-up. The full bank holds 3,369 questions, organized by reading.

Not sure where to start? The free diagnostic test gives you a score in each topic from 36 questions. Prefer paper? Download 50 practice questions with answers (PDF, 41 pages, 606 KB).

Today's free question is from Forward Commitment and Contingent Claim Features and Instruments.

What is free and what Pro adds

No accountFree accountPro
Questions398 free questionsAll 3,369All 3,369
ExplanationsFull, on every free questionFull on free questions; the correct letter and a link to the notes on the restFull, on every question
Daily limitNone50 new questions a dayNone
ProgressSaved on this deviceSaved to your accountSaved to your account
Full mock exams—One free mockAs many as you like
Wrong-answer lists, bookmarksOn this deviceIncludedIncluded
Custom sets by topic, reading or knowledge pointFree questionsFree questionsWhole bank
Price$0$0Exam Pass $99 until 14 days after your exam window; Monthly $19 per month
Get Pro: every explanation

Open a reading to work through its questions. Core questions cover each knowledge point once, so do those first; Extended questions give more practice on the same points. Progress counts each question once. Mock exams and custom sets have their own page. Build a free study plan.

All0%0/464Core0%0/134Free0%0/48

All0%0/282Core0%0/87Free0%0/35

All0%0/150Core0%0/61Free0%0/25

All0%0/597Core0%0/178Free0%0/54

All0%0/371Core0%0/148Free0%0/47

All0%0/488Core0%0/144Free0%0/71

All0%0/126Core0%0/41Free0%0/32

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CFA Level 1 practice questions: common questions

Are these CFA Level 1 practice questions free?

Yes. 398 questions across all 10 topics are open to everyone with no sign-up, and each has a full explanation. A free account lets you answer any of the 3,369 questions in the bank, up to 50 new questions a day.

Do they follow the 2027 curriculum?

Yes. The questions are grouped by the readings of the 2027 curriculum, in the curriculum's order, and each one tests a learning outcome statement of its reading.

What are Core and Extended questions?

Core questions cover each knowledge point of a reading once, so they make the quickest first pass. Extended questions give more practice on the same points.

What does Pro add?

A full explanation on every question, including why each wrong option is wrong, no daily limit, as many 180-question mock exams as you like (a free account includes one), and custom sets drawn from the whole bank. Wrong-answer lists, bookmarks and practice by reading are free.

How is practice different from a mock exam?

Practice goes reading by reading, and in study mode shows the answer after each question. A mock exam is a 180-question paper in two sessions of 90, scored after both are submitted. Mock questions come from the same bank, so you may see questions you have already answered.

Is there a daily limit?

Only on a free account: 50 new questions a day. Without an account you can answer the 398 free questions as often as you like, and Pro has no limit.