FRM Part 1 (Financial Risk Manager) Practice Tests

About this course

Practise the way the exam actually tests you, and walk into FRM Part 1 knowing exactly what to expect. This course gives you 600 original single-best-answer questions across 6 practice tests, built to the 2026 GARP FRM curriculum (Learning Objectives last updated December 2025). Four topic-focused tests take you area by area through the whole of Part 1, and two full-length 100-question mock exams reproduce the real paper.Every mock is weighted to the real exam. Each of the two full-length mocks reproduces the four Part 1 areas at their official percentages:• Foundations of Risk Management (20%)• Quantitative Analysis (20%)• Financial Markets and Products (30%)• Valuation and Risk Models (30%)An honest readiness check, not a made-up pass line. GARP does not publish a fixed pass mark, and Part 1 is graded relative to other candidates, so each mock gives you a clearly labelled readiness benchmark to gauge how prepared you are, rather than a false pass percentage.Learn from every question, not just your score. Every question comes with a clear explanation of why the right answer is right and why each other option is wrong, plus a reference back to the FRM curriculum area it tests. This is a calculation-heavy exam, so every numeric question includes a step-by-step worked solution. You will build real command of the tools Part 1 tests, including value at risk and expected shortfall, EWMA and GARCH volatility, regression and hypothesis testing, duration, DV01 and convexity, forward, futures and swap pricing, put-call parity and the Black-Scholes-Merton model, the option Greeks, expected and unexpected loss, the Merton distance-to-default model, and CAPM, Sharpe, Treynor and Jensen performance measures.What you get:• 6 practice tests, 600 questions in total: four topic tests plus two full-length 100-question mock exams• Two mocks weighted to the four official Part 1 areas• A worked explanation for every question, correct a