FRM Part 1 Foundations of Risk Management questions candidates ask most

FRM Part 1 Foundations of Risk Management Mock Test 2026

Foundations of Risk Management carries 20 percent of FRM Part 1, which makes it one of the larger areas of the paper. This practice set is built to the 2026 GARP reading list.

Foundations sets the vocabulary for everything that follows. It covers the taxonomy of risk types, enterprise risk management and governance, the CAPM and multifactor frameworks, risk adjusted performance measures such as the Sharpe, Treynor and information ratios, and a set of case studies on historical financial disasters. The GARP Code of Conduct is also examined here.

Set 1 is free, timed to the real exam pace, and returns a topic wise report card so you can see which readings inside this area are actually costing you marks before you sit the exam.

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
 FRM Part 1 Foundations of Risk Management Set 1 FRM candidates preparing for the Part 1 examination. 240 Free 100 100 65 0 - Start Free
2
 FRM Part 1 Foundations of Risk Management Set 2 FRM Candidates 240 49 100 100 65 0 - Add to cart
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 FRM Part 1 Foundations of Risk Management Set 3 FRM Candidates 240 49 100 100 65 0 - Add to cart
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 FRM Part 1 Foundations of Risk Management Set 4 FRM Candidates 240 49 100 100 65 0 - Add to cart
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 FRM Part 1 Foundations of Risk Management Set 5 FRM Candidates 240 49 100 100 65 0 - Add to cart
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 FRM Part 1 Foundations of Risk Management Set 6 FRM Candidates 240 49 100 100 65 0 - Add to cart
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 FRM Part 1 Foundations of Risk Management Set 7 FRM Candidates 240 49 100 100 65 0 - Add to cart
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 FRM Part 1 Foundations of Risk Management Set 8 FRM Candidates 240 49 100 100 65 0 - Add to cart
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 FRM Part 1 Foundations of Risk Management Set 9 FRM Candidates 240 49 100 100 65 0 - Add to cart
10
 FRM Part 1 Foundations of Risk Management Set 10 FRM Candidates 240 49 100 100 65 0 - Add to cart
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You have seen what Set 1 looks like. Sets 2 to 10 are where the real preparation happens: 900 more FRM Part 1 Foundations of Risk Management questions, every one with a worked explanation.

  • 900 additional questions covering every learning module
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  • Topic wise score report that pinpoints your weak modules
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How to prepare for Foundations of Risk Management

The disaster case studies are not decoration. Examiners use them to test whether you can name the specific failure mechanism, so learn each case by the risk that actually caused it rather than by the story.

Across both FRM parts, the reliable method is the same. Read the assigned material once, then work practice questions as your primary study tool, and go back to the reading only for the specific concept a wrong answer exposed. GARP questions reward applied judgement more than recall.

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