CFA Level 1 practice questions

CFA Level 1 Practice Questions and Mock Exam From Your Own Notes and CFA PDFs

Upload your CFA Level 1 study notes, a prep-provider PDF or your own summaries and the AI writes unlimited Level 1 practice questions with an answer key and explanations in seconds. Drill the exact topics in the material you are studying instead of re-answering a question bank you have already worked through twice.

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In short: to build CFA Level 1 practice questions, upload your study notes, a prep-provider PDF or your own summaries, and the AI writes Level 1 style multiple choice questions with an answer key and explanations in seconds. Every question comes from the material you uploaded, so you can drill Ethics one day and Fixed Income the next, and generate a fresh 90 or 180-question mock on any weak topic right up to your exam date.

Last updated July 2026

Exam format
180 questions, 4.5 hours
Passing score
Not published (pass/fail)
Practice questions
Unlimited

What a CFA Level 1 practice question generator does

Drill your own study notes, not a bank you have memorized

By your second pass through a CFA question bank, you start recognizing the item instead of reasoning through it. You read a vignette on a cash flow classification or a bond's yield to maturity and you remember the answer letter, not the logic behind it. That score tells you more about your memory of the bank than your command of the curriculum. This tool flips the source. You upload what you are actually studying, a topic reading from your notes, a prep-provider PDF or your own summaries, and the generate MCQs from notes tool writes brand-new items from that text. Weak answers point straight back at the reading you need to review, and a fresh practice set is always one upload away.

Works with any prep material and your notes

Upload topic summaries, prep-provider handouts, an official curriculum reading, formula sheets or handwritten pages you photographed. If the file explains a Level 1 concept, standard or calculation, the generator can build questions on it.

Topic-by-topic drills

Weak on Ethics this week and Fixed Income next? Upload only the notes for the topic you are covering, then narrow to a single reading, like the Code and Standards or duration and convexity, when your scores are soft.

Fresh mocks every session

Generate a new set every time so you are testing knowledge, not recognition. Repeated retrieval on unseen items is what makes the concepts hold up under the 90-seconds-per-question pressure of the real exam.

CFA Level 1 topic weights and how to practice each one

The current Level 1 curriculum weights ten topics as shown below. Upload the notes for whichever topic you are covering and generate questions on it.

Topic area Exam weight Upload notes on
Ethical and Professional Standards 15 to 20% The Code of Ethics, the Standards of Professional Conduct, the GIPS overview and applying the standards to case scenarios
Financial Statement Analysis 11 to 14% Income statements, balance sheets, cash flow statements, ratio analysis, inventories, long-lived assets and income taxes
Equity Investments 11 to 14% Market organization, indexes, market efficiency, equity valuation models and industry and company analysis
Fixed Income 11 to 14% Bond features, pricing and yield, term structure, duration and convexity, credit risk and securitized products
Portfolio Management 8 to 12% Portfolio risk and return, the capital asset pricing model, the planning process and an introduction to fintech
Alternative Investments 7 to 10% Real estate, private equity, hedge funds, commodities, infrastructure and how they fit a portfolio
Quantitative Methods 6 to 9% Time value of money, statistics, probability, sampling and estimation, hypothesis testing and simple linear regression
Economics 6 to 9% Supply and demand, the firm and market structures, aggregate output, business cycles, monetary policy and exchange rates
Corporate Issuers 6 to 9% Corporate structures and governance, capital investments, cost of capital, working capital and business models
Derivatives 5 to 8% Forwards, futures, swaps and options, arbitrage, replication and the basics of option pricing

Two facts worth building your practice around: Ethics is the single heaviest area at 15 to 20 percent and can decide borderline results through the ethics adjustment, and the three financial-analysis heavy topics, Financial Statement Analysis, Equity and Fixed Income, add up to another 33 to 42 percent between them. Those four areas cover roughly half the exam, so weighting your practice toward them pays off. Generating vignette-style items from your own notes across all ten topics is the closest low-cost rehearsal for the reasoning Level 1 rewards.

Simple process

How to make CFA Level 1 practice questions in 4 steps

1
Upload your material
Drop in a topic summary, a prep-provider PDF, a curriculum reading or your own notes. Scanned and handwritten pages are read with OCR.
2
Set the drill
Pick the question count and difficulty. Run a 20 question warm-up on a lunch break or a full 90 or 180-question mock on the weekend.
3
AI writes questions
The AI reads your content and writes exam-style multiple choice questions with an answer key and explanations.
4
Review and repeat
Score the set, review the concept behind every miss, then generate a fresh drill on just those topics and go again.

Who uses this to prep for CFA Level 1

Working analysts studying around a job

You are logging 300 study hours around a full workload, so you need practice you can fit into short windows. Upload one topic at a time and generate a quick set you can finish before your next meeting, then hit the same weak area tomorrow with different items.

Prep-course and university candidates

If you have already worked through your Schweser or Wiley question bank once, you are drilling your memory of it, not the content. Turn your class notes and readings into questions you have never seen, without buying a second bank just to get fresh items.

Retakers targeting one weak topic

When your score report shows you were light on Financial Statement Analysis or Quantitative Methods, you do not need to redo everything. Upload just those notes, drill until the misses stop, and turn the topic that was dragging you down into one you can answer on reflex.

CFA Level 1 practice questions, answered

How do I make CFA Level 1 practice questions from my notes?
Upload your CFA Level 1 study notes, a prep-provider PDF or your own summaries, choose how many questions you want, and the AI writes Level 1 style questions with an answer key and explanations in seconds. The questions come from the exact material you uploaded, so a miss points straight back at the reading you need to review. If your notes are on paper, run them through an OCR tool like DocuOCR first so the text is selectable.
How many questions are on the CFA Level 1 exam?
The CFA Level 1 exam has 180 multiple choice questions, split into two sessions of 90 questions each. Every question has three answer choices and there is no penalty for a wrong answer, so you should answer all of them. Sitting a full 180-question mock built from your own notes is a low-cost way to rehearse that length and pacing.
What is the passing score for CFA Level 1?
CFA Institute does not publish an official passing score. The Minimum Passing Score is set by the Board of Governors after each exam, and candidates receive only a pass or fail result plus a breakdown of performance by topic. Prep providers commonly suggest aiming for around 70 percent or higher across every topic area to give yourself a comfortable margin.
What are the CFA Level 1 topic weights?
The current Level 1 curriculum weights ten topics: Ethical and Professional Standards 15 to 20 percent, Financial Statement Analysis 11 to 14 percent, Equity Investments 11 to 14 percent, Fixed Income 11 to 14 percent, Portfolio Management 8 to 12 percent, Alternative Investments 7 to 10 percent, Quantitative Methods 6 to 9 percent, Economics 6 to 9 percent, Corporate Issuers 6 to 9 percent and Derivatives 5 to 8 percent. Ethics is the single heaviest area, so most candidates weight their practice toward it.
How long is the CFA Level 1 exam?
The CFA Level 1 exam takes 4.5 hours of actual testing time, split into two sessions of 135 minutes each with an optional break in between. That works out to roughly 90 seconds per question, which is tight, so timed practice matters as much as content review. Generating full-length sets from your own notes lets you rehearse that pace before exam day.
Is this an official CFA practice exam?
No. PDFQuiz is an independent study tool and is not affiliated with or endorsed by CFA Institute. CFA and Chartered Financial Analyst are trademarks owned by CFA Institute. It generates practice questions from the study material you upload so you can rehearse recall and reasoning between full mock exams. It does not reproduce official CFA Institute question banks, so use it alongside the official curriculum and your prep provider, not as a replacement for them.
Can I make a full CFA Level 1 mock exam from a PDF?
Yes. Upload a full set of prep notes or a curriculum reading, set the question count toward 90 or 180, and the generator builds a longer mock you can sit under timed conditions. Because the questions come from your own material, you can weight the set toward Ethics, Financial Statement Analysis and Equity, then generate a new mock the next day so you are testing knowledge rather than recognizing questions you have already seen.

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Build your first CFA Level 1 practice set now

Upload your CFA notes or a prep PDF and generate practice questions in under a minute. Keep generating fresh mocks on your weak topics until every timed run clears with room to spare.

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