CFA Level 1 Derivatives Mock Test 2026

CFA Level 1 Derivatives mock test: common questions

CFA Level 1 Derivatives Mock Test 2026: Free Practice Questions

This is a free, full length Derivatives practice set for the 2026 CFA Level 1 exam, with 100 questions in the same format and difficulty as the real paper. Derivatives carries an exam weight of 5 to 8 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 derivative instrument features, forward commitments, contingent claims, arbitrage, replication, and the pricing and valuation of forwards, futures, swaps and options. 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 (%)	Cert. Validity (In years)	Purchase
1	CFA Level 1 Derivatives Set 1	CFA Level 1 candidates preparing for the 2026 exam who want to benchmark their Derivatives score before the final revision phase.	180	Free	100	100	70	-	Start Free
2	CFA Level 1 Derivatives Set 2	-	180	7	100	100	70	-	Add to cart
3	CFA Level 1 Derivatives Set 3	-	180	7	100	100	70	-	Add to cart
4	CFA Level 1 Derivatives Set 4	-	180	7	100	100	70	-	Add to cart
5	CFA Level 1 Derivatives Set 5	-	180	7	100	100	70	-	Add to cart
6	CFA Level 1 Derivatives Set 6	-	180	7	100	100	70	-	Add to cart
7	CFA Level 1 Derivatives Set 7	-	180	7	100	100	70	-	Add to cart
8	CFA Level 1 Derivatives Set 8	-	180	7	100	100	70	-	Add to cart
9	CFA Level 1 Derivatives Set 9	-	180	7	100	100	70	-	Add to cart
10	CFA Level 1 Derivatives Set 10	-	180	7	100	100	70	-	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 Derivatives 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
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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.

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Derivatives is a small topic by weight but a dense one conceptually. The arbitrage and replication logic recurs at Level 2, so effort here compounds.

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 Derivatives questions. You can browse every topic and full length paper on the CFA exam mock tests hub.