This is a free, full length Alternative Investments practice set for the 2026 CFA Level 1 exam, with 100 questions in the same format and difficulty as the real paper. Alternative Investments carries an exam weight of 7 to 10 percent of CFA Level 1, so it is worth benchmarking your score here before deciding where the rest of your study time goes. No signup is needed to attempt Set 1.
The questions span alternative investment features and structures, performance and return measures, private capital, real estate, infrastructure, natural resources and hedge funds. Every question is written to the current 2026 Level 1 curriculum, which is unchanged from 2025, so your score is a fair read on where you stand today.
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CFA Level 1 candidates preparing for the 2026 exam who want to benchmark their Alternative Investments score before the final revision phase. | 180 | Free | 100 | 100 | 70 | 0 | - | Start Free |
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- | 180 | 49 | 100 | 100 | 70 | 0 | - | Add to cart |
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- | 180 | 49 | 100 | 100 | 70 | 0 | - | Add to cart |
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- | 180 | 49 | 100 | 100 | 70 | 0 | - | Add to cart |
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- | 180 | 49 | 100 | 100 | 70 | 0 | - | Add to cart |
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- | 180 | 49 | 100 | 100 | 70 | 0 | - | Add to cart |
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- | 180 | 49 | 100 | 100 | 70 | 0 | - | Add to cart |
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- | 180 | 49 | 100 | 100 | 70 | 0 | - | Add to cart |
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- | 180 | 49 | 100 | 100 | 70 | 0 | - | Add to cart |
You have seen what Set 1 looks like. Sets 2 to 10 are where the real preparation happens: 900 more Alternative Investments questions, every one with a worked explanation.
Alternative Investments has grown in weight in recent cycles and is largely descriptive, which makes it one of the highest return per hour topics at Level 1.
Attempt this set under timed conditions, then use your topic report card to decide what to revise rather than restudying everything evenly. Sets 2 to 10 extend this bank to 1,000 Alternative Investments questions. You can browse every topic and full length paper on the CFA exam mock tests hub.