10 Free CFA Level 1 Practice Questions (2026) — Test Your Knowledge
Are you preparing for the CFA Level 1 exam but not sure where to start? One of the best ways to gauge your readiness is to dive straight into practice questions.
In this post, we've compiled 10 free CFA Level 1 practice questions covering the most heavily weighted topics.
Why Practice Questions Matter
The CFA Level 1 exam consists of 180 multiple-choice questions across two 2-hour 15-minute sessions. The topics and their approximate weights are:
- Ethical and Professional Standards: 15–20%
- Financial Statement Analysis: 11–14%
- Fixed Income: 11–14%
- Equity Investments: 11–14%
- Portfolio Management: 8–12%
- Quantitative Methods: 6–9%
- Economics: 6–9%
- Corporate Issuers: 6–9%
- Alternative Investments: 7–10%
- Derivatives: 5–8%
Try Them Interactively
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Sample Question
Here's a sample of what you'll get:
> An analyst learns material non-public information about a company from a friend who works there. Which action is most consistent with the CFA Institute Code and Standards? > > A) Disclose and then trade > B) Trade on the information before it becomes public > C) Refrain from trading and encourage the friend not to share the information > D) Report the friend to the CFA Institute
Answer: C. Under Standard II(A) – Material Non-public Information, members and candidates who possess material non-public information must not trade or cause others to trade.
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