CFA Level I Mock Exams
Level I gives you 180 questions and about 90 seconds to answer each one. A full mock shows whether you can hold that pace across both sessions, and which topics slow you down while there's still time to fix them.
Each mock follows the Level I format, so exam day isn't the first time you sit a full session.
Study illustration · not a product screenshot
What Is the CFA Level I Exam Format?
The CFA Level I exam has 180 multiple-choice questions with three answer choices each, split across two timed sessions. Every question stands on its own, so you make a fresh decision each time, even when the topic feels familiar.
Three-option multiple-choice questions
90 questions in each session
Testing time; breaks and administration are separate
Pacing: About 90 seconds per question on average. Reading the format won't tell you whether you can hold that pace for four and a half hours. A full Level I mock will.
See Level I Mock OptionsSource: CFA Institute Level I exam format. Checked 29 October 2026. These facts describe the official exam and do not establish KeyPoint product inclusions.
What's Included in a KeyPoint Level I Mock Exam?
Each Level I mock gives you a full exam to sit and the results you need to plan your next study session.
A mock-only product, a question bank, a combined practice bundle and a broader study package have different entitlements. Compare the two preparation paths.
Already have study materials? Mocks on their own may be all you need. If you still have curriculum to cover, a Level I study package includes mocks along with lessons and practice.
Decide What to Review Next
Every KeyPoint mock includes a review and performance analytics, so you can see where your score came from before you decide what to study next.
Find Your Knowledge and Calculation Errors
Start with the questions you got wrong, then add the ones you guessed right. Each one broke down at a specific step, whether that was a missing concept, the wrong formula, or a calculator entry. Name the step, because each one needs a different fix.
Missing concepts go back to your CFA Level I study notes. Method and calculator errors need slow, untimed practice, then a fresh question to prove the fix worked.
See Where Your Time Went
Look for slow decisions, rushed guesses, and questions you didn't finish. Then work out what cost you the time, whether it was a knowledge gap, a calculation you had to redo, or staying on one question too long. Take one specific change into your next mock.
Leave room between each mock and the review that follows it. The mock review plan shows you how.
What to Check After Every Level I Mock
FAQs About CFA Level I Mock Exams
A full Level I mock has 4 hours and 30 minutes of testing time: two 135-minute sessions with 90 questions each, matching the real exam. KeyPoint Level I mocks follow the same two-session structure, so plan extra time for the break and for reviewing your results afterward.
Take it once you’ve covered most of the curriculum, with enough weeks left to review it and fix what it finds. Your official CFA Institute mocks open about eight weeks before your exam, so a mock before that point gives you an earlier read on where you stand.
No. You need enough curriculum coverage to make a full attempt useful, but you don’t need to finish every topic question first. Keep some in reserve, because you’ll need them to work on the gaps the mock finds.
One mock tells you where you stand once. Your registration includes two official Level I mocks, which are the closest benchmark you’ll get. To check that your review is working, you need fresh mocks between attempts, and KeyPoint’s three Level I mocks give you that extra practice.
It’s not a reason to panic. There’s no official benchmark for a first mock, and many first attempts happen before your review is finished. Treat the result as a map: find the topics and question types that cost you the most, and fix those first.
No mock score can tell you that. CFA Institute doesn’t publish a fixed passing percentage, and mock scores vary from one provider to the next. Track whether your scores rise across fresh mocks and whether your weak topics shrink. That trend is a better guide than any single number.
Not if you’re still learning the material. Mocks show you where your gaps are, but they don’t teach the concepts behind them. If you’ve already studied the curriculum, mocks are the right final step. If you haven’t, a Level I study package gives you the lessons and the mocks together.