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Practice questions

Exam-style questions for CFA® Levels I–III and FRM® Parts I–II, with the answer and the reasoning for each.

Choose your exam

CFA Level I practice questions50 questions with answers and explanations.
CFA Level II practice questions50 questions with answers and explanations.
CFA Level III practice questions40 questions with answers and explanations.
FRM Part I practice questions20 questions with answers and explanations.
FRM Part II practice questions30 questions with answers and explanations.

Also useful

CFA Level I formula sheetCore formulas by topic, with notes.
FRM Part I formula sheetCore formulas by topic, with notes.
CFA vs FRMWhich exam fits, side by side.
FRM Part I study plan16 weeks to the May 2027 window.
Exam dates and topic weightsEvery 2027 window and deadline.

Original practice questions in the style of each exam, not official questions. CFA® and FRM® are registered trademarks of their respective owners; GroundLearn is not affiliated with CFA Institute or GARP.

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Snapshot cards and five-question sessions for CFA® and FRM® candidates, free on Android and offline. The full glossary is in the app too, with search.

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