CFA Level 1 Alternative Investments mock test: common questions

CFA Level 1 Alternative Investments Mock Test 2026: Free Practice Questions

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.

Sno Exam Name Who Should Pass this Exam? Test Duration Fees (Rs) Maximum Marks No. of Questions Pass Mark (%) Negative Marks Cert. Validity (In years) Purchase
1
CFA Level 1 Alternative Investments Set 1 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
2
CFA Level 1 Alternative Investments Set 2 - 180 49 100 100 70 0 - Add to cart
3
CFA Level 1 Alternative Investments Set 3 - 180 49 100 100 70 0 - Add to cart
4
CFA Level 1 Alternative Investments Set 4 - 180 49 100 100 70 0 - Add to cart
5
CFA Level 1 Alternative Investments Set 5 - 180 49 100 100 70 0 - Add to cart
6
CFA Level 1 Alternative Investments Set 6 - 180 49 100 100 70 0 - Add to cart
7
CFA Level 1 Alternative Investments Set 7 - 180 49 100 100 70 0 - Add to cart
8
CFA Level 1 Alternative Investments Set 8 - 180 49 100 100 70 0 - Add to cart
9
CFA Level 1 Alternative Investments Set 9 - 180 49 100 100 70 0 - Add to cart
10
CFA Level 1 Alternative Investments Set 10 - 180 49 100 100 70 0 - Add to cart
Best value

Unlock all 9 sets for less than a coffee

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.

  • 900 additional questions covering every learning module
  • Each set timed at 3 hours so you practise without clock pressure
  • Topic wise score report that pinpoints your weak modules
  • One payment, lifetime access, nothing to renew
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Unlock all 9 sets for Rs 200
That is about 22 paise per question.
Buying the 9 sets one at a time costs Rs 261. Set 1 stays free forever.

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.

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