Introduction
The CFA Level 1 exam is one of the most competitive professional finance exams in the world, testing candidates on a broad range of subjects including ethics, economics, accounting, investments, and portfolio management. Passing Level 1 requires not just understanding concepts but practicing real exam-style questions.
Here, we bring you a complete CFA Level 1 Question Bank with 2000+ MCQs. Each question comes with the correct answer and a detailed explanation. The questions are structured by subject area, allowing you to revise topic by topic, just like the official CFA curriculum.
This master hub post is your one-stop preparation resource for CFA Level 1 in 2025 and beyond, designed for global candidates aiming to pass on their first attempt.
CFA Level 1 MCQs by Subject
📘 1. Ethics & Professional Standards (50 MCQs)
➡️ Start Practice – CFA Level 1 Ethics MCQs
📊 2. Quantitative Methods (50 MCQs)
➡️ Start Practice – CFA Level 1 Quantitative Methods MCQs
📑 3. Financial Reporting & Analysis (200 MCQs)
➡️ Part 1: FRA MCQs 1–50
➡️ Part 2: FRA MCQs 51–100
➡️ Part 3: FRA MCQs 101–150
➡️ Part 4: FRA MCQs 151–200
➡️ Master FRA Practice Test
🌍 4. Economics (200 MCQs)
➡️ Part 1: Economics MCQs 1–50
➡️ Part 2: Economics MCQs 51–100
➡️ Part 3: Economics MCQs 101–150
➡️ Part 4: Economics MCQs 151–200
➡️ Master Economics Practice Test
💼 5. Corporate Finance (200 MCQs)
➡️ Part 1: Corporate Finance MCQs 1–50
➡️ Part 2: Corporate Finance MCQs 51–100
➡️ Part 3: Corporate Finance MCQs 101–150
➡️ Part 4: Corporate Finance MCQs 151–200
➡️ Master Corporate Finance Practice Test
📈 6. Equity Investments (200 MCQs)
➡️ Part 1: Equity MCQs 1–50
➡️ Part 2: Equity MCQs 51–100
➡️ Part 3: Equity MCQs 101–150
➡️ Part 4: Equity MCQs 151–200
➡️ Master Equity Investments Practice Test
💵 7. Fixed Income (200 MCQs)
➡️ Full Set: Fixed Income MCQs 1–200
🔐 8. Derivatives (100 MCQs)
➡️ Full Set: Derivatives MCQs 1–200
🏠 9. Alternative Investments (200 MCQs)
➡️ Full Set: Alternative Investments MCQs 1–200
📊 10. Portfolio Management (200 MCQs)
➡️ Full Set: Portfolio Management MCQs 1–200
Conclusion
With over 2000+ CFA Level 1 practice questions, this hub is designed to simulate the real exam and sharpen your preparation. Whether you’re focusing on Ethics, mastering FRA, or tackling Portfolio Management, these MCQs with explanations will strengthen your concepts and boost your confidence.
Bookmark this page, practice daily, and make sure you revise each subject systematically. With consistency and the right resources, clearing CFA Level 1 is absolutely possible.