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CFA Level I path

Mock exam

180 questions in two sessions of 90, 135 minutes each, three choices per question.

ExamDragon is independent exam preparation. It is not affiliated with, endorsed by or reviewed by CFA Institute. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute, used only to name the examination. Every question and guide here is our own, written to CFA Institute's published 2027 Level I topics and weights.

Mock exam, form 1

The rules, as on the day

  • 180 multiple-choice questions in two sessions of 90, 135 minutes each, about 90 seconds a question. Three choices, A, B or C, one correct answer, no penalty for a wrong one: answer every question.
  • Session 1: Ethical and Professional Standards, Quantitative Methods, Economics, Financial Statement Analysis, Corporate Finance. Session 2: Equities, Fixed Income, Derivatives, Alternative Investments, Portfolio Construction.
  • One question at a time. Previous and Next move within the session; Flag marks a question to come back to; Review lists the session's questions before you end it. Once session 2 starts, session 1 is closed.
  • Between the sessions you may take a break; the clock is stopped while you do. Strike through and highlight are our study tools.
  • Use your own calculator, as on the day: CFA Institute allows the Texas Instruments BA II Plus or the HP 12C.

Built to CFA Institute's published format and the 2027 topic weights. This screen is our approximation, not the exam software; the order of topics inside a session, the break's handling and every question are ours.