Practice paper · FRE1 · LIBF

CeMAP FRE1 · Paper A

Full-length FRE1 practice paper (40 marks): 25 standalone MCQs plus three case studies of five linked questions each. Covers UK financial markets and asset classes, government and international context, the wider economy, consumer needs and firm obligations, legal concepts including wills and trusts, and the development and structure of UK regulation including the FCA, PRA and Handbook. Timed at 60 minutes with a 70% pass mark.

Free sample

Questions

40

Sections

6

Pass mark

70%

Time

60 minutes

Independent practice. Not an official LIBF exam. Progress stays in this browser tab unless you sign in. Flag a question to jump back to it before you submit. Questions are grouped by topic. Answering one scrolls you to the next in the section.