Free CFA Level I Practice Questions PDF with Answers (2026)
Download 50 free CFA Level I sample questions with answers and brief solutions as a single PDF, drawn from FreeFellow's free bank of 1,499 questions. All 10 topics, three difficulty levels, no signup and no email required.
FreeFellow LLC is a CFA Institute Prep Provider. Our materials are validated for substantial curriculum coverage.
50 Questions in PDF
10 Topics
1,499 Free Online
2026 Syllabus
What's inside the PDF
- 50 original questions grouped by topic, with per-topic counts weighted to the official 2026 topic weights
- Three difficulty levels in a 15 easy / 20 medium / 15 hard mix, each question labeled
- Answer key with brief solutions for every question; the full step-by-step solutions and per-choice notes are in the free online bank
- Print-ready US Letter layout with math rendered in full notation
Looking for past papers?
CFA Institute does not release past exams; real questions retire into secure pools and never get published. Every question in this PDF is a FreeFellow original written for the 2026 curriculum, not retired exam content. For study strategy and the full topic-weight breakdown, see the free CFA Level I practice questions guide.
Frequently Asked Questions
Is the CFA Level I practice questions PDF free?
Yes. The 50-question sample PDF is a direct download with no signup, no email, and no credit card required. It includes an answer key with brief solutions for every question.
Are these CFA Level I past papers or real exam questions?
No. CFA Institute does not release past exams, and any PDF claiming to contain genuine past papers is fake or infringing. Every question in this PDF is a FreeFellow original written for the 2026 curriculum at exam difficulty.
Does the PDF include answers and solutions?
Yes. Part 1 lists the 50 questions grouped by topic; Part 2 is an answer key with a brief solution for each. The full step-by-step solutions and per-choice notes live in the free online bank.
Where can I practice more than 50 questions?
The full bank of 1,499 CFA Level I questions is free online with detailed solutions, topic and difficulty filters, mixed practice, and readiness tracking. No trial, no question cap.
What is FreeFellow's relationship with CFA Institute?
FreeFellow LLC is a CFA Institute Prep Provider. CFA Institute does not endorse, promote, review, or warrant the accuracy or quality of the products or services offered by FreeFellow LLC.
About FreeFellow
FreeFellow is a free exam prep library for actuarial (SOA & CAS), CFA, CFP, CPA, CAIA, GARP FRM, IRS Enrolled Agent, IMA CMA, and FINRA / NASAA securities licensing candidates. The entire question bank, written solutions, and lessons are free for every candidate, with no trial period and no credit card. Lessons include narrated audio, and every constructed-response item has a copy-to-AI prompt builder so candidates can paste their answer into their own ChatGPT or Claude for self-graded feedback; Fellow members get instant AI grading on essays against the official rubric (currently CFA Level III, expanding to other essay-bearing sections).
The 70% you need to pass (question bank, written solutions, lessons, formula sheet, mixed practice, readiness tracking) is free forever, with no trial period and no credit card. Become a Fellow ($59/quarter or $149/year per track) to unlock mock exams, flashcards with spaced repetition, performance analytics, AI essay grading, and a personalized study plan. FreeFellow LLC is a CFA Institute Prep Provider. Our CFA® exam materials are validated by CFA Institute for substantial curriculum coverage and updated annually.