No account required · Start instantly

Free CFA Practice Questions

Easy & medium questions are free — no account needed. Build real confidence, then unlock hard-difficulty questions to sharpen your edge.

Topic Coverage
10
subjects live in Level 2
Free Right Now
185
questions ready without login
Locked Premium Bank
6200
additional questions behind Premium
Your Progress
0/10
topics practiced
Trial Preview

Master the basics free, then go deeper.

Every easy and medium-difficulty question is free — giving you substantial practice in each topic. Premium unlocks the hard questions: the deeper challenge needed for exam-day stamina and confidence.

Topics with more locked
10
Average free/topic
19
Largest locked topic
720 locked
Equity Valuation
Premium Delta

Free questions build confidence. Hard questions build exam readiness.

185 easy & medium questions are completely free across all topics.

6200 hard questions stay locked — the ones that separate a pass from a fail.

Once you crush the medium questions, the next step is obvious: unlock the hardest questions that mirror real exam difficulty.

Unlock the full bank

CFA Level 2 Topics

Each topic shows the free preview and exactly how much premium depth is still locked.

10 subjects
01
10%

Ethical and Professional Standards

15 free580 premium locked
595 total questionsStart
Free coverage3%

Easy & medium questions are free. 580 hard questions unlock with Premium.

Video Courses & Lessons
Study Flashcards
Interactive Mindmap
Full Mock Exams
02
5%

Quantitative Methods

20 free640 premium locked
660 total questionsStart
Free coverage3%

Easy & medium questions are free. 640 hard questions unlock with Premium.

Video Courses & Lessons
Study Flashcards
Interactive Mindmap
Full Mock Exams
03
5%

Economics

15 free560 premium locked
575 total questionsStart
Free coverage3%

Easy & medium questions are free. 560 hard questions unlock with Premium.

Video Courses & Lessons
Study Flashcards
Interactive Mindmap
Full Mock Exams
04
10%

Financial Statement Analysis

20 free660 premium locked
680 total questionsStart
Free coverage3%

Easy & medium questions are free. 660 hard questions unlock with Premium.

Video Courses & Lessons
Study Flashcards
Interactive Mindmap
Full Mock Exams
05
5%

Corporate Issuers

15 free540 premium locked
555 total questionsStart
Free coverage3%

Easy & medium questions are free. 540 hard questions unlock with Premium.

Video Courses & Lessons
Study Flashcards
Interactive Mindmap
Full Mock Exams
06
15%

Equity Valuation

25 free720 premium locked
745 total questionsStart
Free coverage3%

Easy & medium questions are free. 720 hard questions unlock with Premium.

Video Courses & Lessons
Study Flashcards
Interactive Mindmap
Full Mock Exams
07
15%

Fixed Income

20 free680 premium locked
700 total questionsStart
Free coverage3%

Easy & medium questions are free. 680 hard questions unlock with Premium.

Video Courses & Lessons
Study Flashcards
Interactive Mindmap
Full Mock Exams
08
10%

Derivatives

20 free620 premium locked
640 total questionsStart
Free coverage3%

Easy & medium questions are free. 620 hard questions unlock with Premium.

Video Courses & Lessons
Study Flashcards
Interactive Mindmap
Full Mock Exams
09
5%

Alternative Investments

15 free560 premium locked
575 total questionsStart
Free coverage3%

Easy & medium questions are free. 560 hard questions unlock with Premium.

Video Courses & Lessons
Study Flashcards
Interactive Mindmap
Full Mock Exams
10
20%

Portfolio Management

20 free640 premium locked
660 total questionsStart
Free coverage3%

Easy & medium questions are free. 640 hard questions unlock with Premium.

Video Courses & Lessons
Study Flashcards
Interactive Mindmap
Full Mock Exams

Quick Study Flashcards

Flip through key concepts for CFA Level 2. Tap a card to reveal the answer.

Equity Valuationhard

What is the Residual Income Model?

Tap to flip · 1 of 6

Answer

V₀ = B₀ + Σ [RIₜ / (1+r)^t] RI = NI − (r × B_{t-1}) Measures value created above required return on equity. Useful when dividends are not paid. Clean surplus relation must hold.

Tap to flip back · 1 of 6

CFA Curriculum Overview

Click any topic to expand real syllabus branches. Preview layers open immediately, while deeper coverage stays premium locked.

CFA Level 210 TopicsEthical andProfessional10%QuantitativeMethods5%Economics5%FinancialStatement10%CorporateIssuers5%EquityValuation15%Fixed Income15%Derivatives10%AlternativeInvestments5%PortfolioManagement20%Code & StandardsApplicationPreviewResearchObjectivityPreviewGIPS CompliancePreview
Level 210% exam weight

Ethical and Professional Standards

Clicked topics now expand into syllabus branches. The first preview branches are open immediately, while the deeper curriculum layers stay locked for Premium.

Free now
15
Premium locked
29
Syllabus nodes
3
Open syllabus preview
Preview layer 1
Code & Standards Application
Immediate access for orientation, light review, and first-pass question sampling.
Preview layer 2
Research Objectivity Standards
Immediate access for orientation, light review, and first-pass question sampling.
Preview layer 3
GIPS Compliance
Immediate access for orientation, light review, and first-pass question sampling.
Premium locked branches
This topic is fully visible in the current preview.

Full curriculum unlocked with Premium

Thousands of questions, mock exams, spaced repetition & more

Unlock Premium Access →

Unlock the Full Question Bank

You've seen the free preview. Get unlimited access to thousands of questions, mock exams, spaced repetition, and advanced analytics across all 3 CFA levels.

1-Year Pass Guarantee · Cancel anytime