CFA Level 1 Practice Questions Preview

This page previews how CFA Level 1 practice works inside PrepGen.ai.

Interactive diagnostics, topic drills, timed simulations, and performance analytics are available inside the app.

The PrepGen.ai platform is accessible via web and mobile after login.

Create a free account to begin practicing.

Free access includes 3 practice tests per month.


How Practice Works Inside the App

Inside the PrepGen.ai platform, you can:

  • Drill by individual topic based on exam weighting
  • Build timed sets that match real session pacing
  • Track accuracy trends and response speed
  • Identify weak areas using performance analytics

Start with a free account to access your first timed set.


Sample Questions

The examples below simulate the in-app experience on a limited preview set.

Full timed drills, diagnostics, adaptive practice, and performance analytics are available after login inside your PrepGen.ai dashboard.

These are representative examples and are not official CFA Institute questions.

Preview Set: 5 Untimed Questions

Question 11 of 5

A portfolio has a beta of 1.2. If the market rises by 5%, which return is most consistent with beta exposure alone?

Question 22 of 5

If nominal GDP increases while real GDP is unchanged, which statement is most accurate?

Question 33 of 5

A bond with higher duration compared with another bond is generally expected to have:

Question 44 of 5

A company reports rising revenue but declining operating margin. Which interpretation is most reasonable?

Question 55 of 5

Which is most aligned with the purpose of a practice-question review log?

Finished the preview?

Take a full timed set inside the app and see your accuracy, pacing, and weak-topic breakdown instantly.

Ready to move from preview to real practice?

Start your first timed set now.

Start with a Diagnostic (Why It Matters)

Your first step inside the platform is a diagnostic baseline. This page explains why it matters — the interactive experience is completed in-app.

  • Identify your weakest 2-3 topics within the first session.
  • Set target accuracy bands before adding aggressive timing pressure.
  • Use retake scheduling to revisit misses after short spacing intervals.

The diagnostic is completed inside your PrepGen.ai dashboard after login.


Practice Questions by Topic (10 Topic Coverage)

Topic drills are completed inside the platform. Below is the exam weighting structure to help you prioritize before you begin.

Build from topic-specific drills to mixed sets. Start with high-weight areas, then integrate all topics for exam-day switching speed.

TopicTypical Weight RangePractice Priority
Ethics15-20%High
Financial Reporting & Analysis13-17%High
Equity Investments10-12%High
Fixed Income10-12%High
Quantitative Methods8-12%Medium-High
Economics8-12%Medium-High
Corporate Issuers8-12%Medium
Derivatives5-8%Medium
Alternative Investments5-8%Medium
Portfolio Management5-8%Medium

What to Expect from Level 1 Questions (A/B/C + Timing)

CFA Level 1 is delivered as two sessions of 90 questions each (180 total) across 270 minutes. That implies an average pace of roughly 1.5 minutes per question, so pacing discipline matters as much as concept mastery.

  • Question format is multiple-choice with A/B/C options.
  • Expect concept application, not pure definition recall.
  • Use timed sets to train decision speed before full mocks.

Official references: CFA Program exam overview and CFA Level I sample questions.


Explanations and Review Process

Strong candidates usually improve from review quality, not only volume. A useful process is:

  1. Attempt a targeted question set under light or full timing constraints.
  2. Review every incorrect answer and tag the underlying concept gap.
  3. Log misses by topic, error type, and retake date.
  4. Retake mixed sets 48-72 hours later, then repeat with higher timing pressure.

Free vs Paid Access

Begin with free access (3 practice tests per month). Upgrade for unlimited drills, full-length simulations, and advanced analytics.

PlanPractice TestsFull-Length TestsAnalytics & Ads
Free Plan3 / month—Basic analytics, ads enabled
Paid Passes (30/90/180/365 days)UnlimitedUnlimitedAdvanced analytics, ad-free

For latest plan prices and availability, see professional pricing.


FAQs

How many questions are on CFA Level 1?

CFA Level 1 is 180 multiple-choice questions split into two 135-minute sessions (90 questions each).

How should I use practice questions in the final month?

Shift from topic drills to mixed timed sets and full-length mocks. Review misses by concept, then retest weak areas in short cycles.

Can I start with free CFA Level 1 practice questions?

Yes. The Free Plan includes 3 practice tests per month. Paid 30/90/180/365-day passes unlock unlimited practice tests and unlimited full-length tests.

Are these official CFA Institute sample questions?

No. The preview questions on this page are representative practice examples. For official sample and mock resources, use CFA Institute links referenced below.

Does PrepGen.ai guarantee passing CFA Level 1?

No. PrepGen.ai provides practice tools, analytics, and mock-style preparation support. Outcomes depend on study consistency, coverage, and exam-day performance.


More CFA Resources

Ready to begin full in-app practice?

Start your first timed set and unlock diagnostics, performance analytics, and full exam-mode simulation.

Launch Your First Timed Set