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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 1,804 questions. All 10 topics, three difficulty levels, no signup and no email required.

50 in the PDF 10 topics 1,804 free online 2026 syllabus
Free sample PDF: 50 original questions across all 10 topics, answer key with brief solutions, US Letter print layout. Download once, practice anywhere.
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What's inside the PDF

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 1,804 CFA Level I questions is free with an account, subject to usage limits, with detailed solutions, mixed practice, and readiness tracking. Topic and difficulty targeting are Fellow features, with a free sample topic. Free accounts can access 300 different practice questions a week, with limits of 120 a day and 60 an hour. The weekly allowance resets on Monday at 00:00 UTC. Repeating a question within the same week does not use another question from the weekly allowance.
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.
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About FreeFellow

Jeffrey Ting, founder of FreeFellow
Jeffrey Ting
FSA, CFA · Founder

FreeFellow was built by Jeffrey Ting, a credentialed actuary and CFA charterholder who has passed thirteen of the hardest exams in finance, all on his first attempt. He paid four-figure prep fees along the way.

So he started writing his own questions, then lessons, then mock exams, until it grew into a full prep platform covering 40 exams with more than 45,000 original practice questions. FreeFellow LLC is a CFA Institute Prep Provider. Its CFA® exam materials are validated by CFA Institute for substantial curriculum coverage and updated annually.

01
Cost shouldn't decide who gets in.

A CFA charter, a CPA license, an actuarial credential. Each opens a real career, but prep fees add to the cost of getting there. FreeFellow keeps its original question bank and written lessons free so you can study even if a paid course is out of reach.

02
Free should mean free.

The original question bank, the worked solutions, the topic lessons, mixed practice, and your readiness score stay free, forever. Full access needs a free account, and practice usage limits apply. Fellow adds AI grading on supported exams, spaced-repetition flashcards, full-length mock exams, analytics, and a study plan that adapts to your progress.

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