Benefits of Practicing Exam-Like Questions

UWorld CFA sample questions and explanations are prepared by practicing CFA charterholders with industry and
educational experience to mirror all exam problem types and teach crucial CFA concepts.

Benefit From Active and Visual Learning

Our learn-by-doing philosophy is paired with industry-leading illustrations to help you retain more information in less time

Customize Quizzes to Your Needs

Set up custom quizzes based on your study schedule and proficiency with “Create Test” mode

Learn From UWorld Answer Explanations

Our experts write comprehensive, yet concise rationales that explain the why behind the problem

Question Types for Each CFA Exam Level

Understanding the question types in each level of the CFA exam can help you build a successful preparation strategy.
All UWorld CFA sample problems reflect the latest CFA Institute LOS and requirements.

CFA Level I Questions

CFA Level I exam consists of 180 multiple-choice questions split between two 135-minute sessions. UWorld CFA offers candidates 2,400+ relevant Level I practice questions with detailed answer explanations.
A UWorld CFA MCQ with the associated rationale displayed
CFA Level I exam consists of 180 multiple-choice questions split between two 135-minute sessions. UWorld CFA offers candidates 2,400+ relevant Level I practice questions with detailed answer explanations.
A UWorld CFA vignette-style question
CFA Level II consists of 22 item sets of vignettes with 88 corresponding multiple-choice questions split between two sessions lasting 2 hours and 12 minutes each. UWorld CFA offers candidates 900+ vignette style sample problems with leading explanations.

CFA Level II Questions

CFA Level II consists of 22 item sets of vignettes with 88 corresponding multiple-choice questions split between two sessions lasting 2 hours and 12 minutes each. UWorld CFA offers candidates 900+ vignette style sample problems with leading explanations.

Stay Exam Ready, Even On The Go

With the UWorld CFA mobile app, you can practice exam-like problems from anywhere. Your results are automatically saved and synced across devices, allowing you to easily track your progress. Download the app today!
A UWorld CFA practice problem displayed on a smartphone
With the UWorld CFA mobile app, you can practice exam-like problems from anywhere. Your results are automatically saved and synced across devices, allowing you to easily track your progress. Download the app today!

CFA Exam Practice Questions and Rationales

See what you can expect from our sample questions and explanations, and try a few complimentary MCQs from our QBanks. Once you submit your answer, a complete rationale will be displayed.

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Frequently Asked Questions

UWorld CFA is a CFA Institute Approved Prep Provider, meaning our content adheres to the latest LOS. Problems and explanations are written by active CFAs and finance educators to reflect the format of the exam.
There are three problem types across the three CFA exam levels: multiple-choice questions, vignettes with associated MCQs, and constructed-response questions. UWorld CFA practice problems prepare candidates for the types of questions they’ll see on each exam.
CFA exam grading is not as straightforward as simply receiving a numerical score. After a multi-step process, a minimum passing score (MPS) is determined and applied to all graded exams. In recent years, its estimated that Levels I and II have had a MPS close to 70%, while Level III has had a MPS close to 60%.
When preparing for the CFA exam, the quality of the questions you practice is more important than the quantity. This is why all UWorld CFA sample questions are modeled after their associated exams, and come with detailed answer explanations. With that said, candidates should still expect to go through thousands of problems during their study process to cover all LOS.
While some CFA exam questions may be reused, candidates should not count on this in their study plan. Candidates should note that concepts are the same yearly, barring CFA Institute LOS updates. UWorld CFA content creators pay close attention to these changes and automatically modify our products to ensure candidates learn only what they’re expected to know for their exams. Therefore, it’s essential for candidates to always use the latest version of any study materials corresponding to their exam year.
CFA Level I consists of 180 multiple-choice questions split between two 135-minute sessions. UWorld CFA offers candidates 2,400+ relevant Level I practice questions with detailed answer explanations.
CFA Level II consists of 22 item sets of vignettes with 88 corresponding multiple-choice questions split between two sessions lasting 2 hours and 12 minutes each. UWorld CFA offers candidates 900+ vignette style sample problems with leading explanations.
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