Finance & securities

FRM Part I 2026 Practice Tests: 620 Questions

Four topic banks and two 100-question mocks with worked answers, option feedback and study prompts

Finance & SecuritiesAmerican English6 practice tests

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FRM Part I 2026 Practice Tests: 620 Questions

Overview

What you’ll practice

Questions and explanations: American English

Exam referenceFinance & securities
Course version published
Review official exam information

Check the provider’s current objectives before booking your exam. This is independent practice material.

  • Distinguish risk types, governance responsibilities, capital purposes and professional-conduct obligations.
  • Apply probability, statistical inference, regression and time-series methods with their assumptions and units.
  • Trace hedging, funding, settlement and option cash flows across financial products.
  • Calculate and interpret VaR, ES, credit losses, volatility and stress-test outcomes.
  • Value fixed-income and option positions and assess the limits of local sensitivity hedges.
  • Identify why plausible distractors fail and use two timed mocks to organize further revision.

More about this course

This course contains the use of artificial intelligence.

Knowing a formula is only part of FRM Part I preparation. You also need to recognize the assumptions that make it usable, choose the right exposure or probability, and explain why a plausible alternative fails.

Practice those decisions across 620 original questions aligned with the 2026 GARP FRM Part I reading scope. Questions combine risk concepts, quantitative analysis, financial products and valuation in clearly specified learning scenarios.

Build understanding, then test exam pace

  • Foundations of Risk Management: 70 questions on risk decisions, governance, capital, financial history and professional conduct.
  • Quantitative Analysis: 110 questions on probability, inference, regression, time series, simulation and machine learning.
  • Financial Markets and Products: 140 questions on institutions, insurance, funds, hedging, derivatives, bonds and mortgages.
  • Valuation and Risk Models: 100 questions on market and credit risk, operational risk, stress testing, fixed-income valuation and options.
  • Two full mocks: 100 questions and 240 minutes each, using a 20/20/30/30 domain split chosen to reflect the official approximate weights.

Each question provides a worked overall answer, feedback for every option, and a focused study prompt. Calculations state units, timing, loss conventions and model assumptions so you can trace the reasoning rather than memorize a number.

Use the feedback to close gaps

  1. Work through a topic bank in manageable sessions.
  2. Review incorrect answers and correct guesses, including the alternatives you rejected.
  3. Return to the relevant official reading and redo the underlying calculation or decision.
  4. Attempt a mock in one timed sitting, then use its feedback to plan your next study session.

The course's 80% study target is a revision goal, not an official passing threshold or a prediction of your exam result. These independent practice questions are not official GARP exam questions. BrightRung Learning is not affiliated with or endorsed by GARP. Use the official materials for the examination version you will take; these questions focus on the 2026 scope.

Practice sets

6 practice tests. 620 questions.

01

Foundations of Risk Management | Topic Practice

70 questions168 minutes

02

Quantitative Analysis | Topic Practice

110 questions220 minutes

03

Financial Markets and Products | Topic Practice

140 questions240 minutes

04

Valuation and Risk Models | Topic Practice

100 questions200 minutes

05

FRM Part I | Full Mock Exam 1

100 questions240 minutes

06

FRM Part I | Full Mock Exam 2

100 questions240 minutes

FREE COURSE PREVIEW

Try it. Then understand it.

Three original single-answer questions from this course. Your answers stay in this page and are cleared when you leave.

Choose one answer1 of 3

A bank can reject all loans or accept loans within approved limits. Which statement best distinguishes risk management from risk taking?

Before you begin

  • Familiarity with basic algebra, percentages and financial terminology.
  • Access to the official 2026 FRM Part I readings or an equivalent study resource for concept learning.
  • A calculator and time to work through explanations; this practice course does not replace a full lecture curriculum.

Who this is for

  • Candidates preparing for the 2026 GARP FRM Part I examination in English.
  • Learners who have studied the readings and want to test assumptions, calculations and decision-making.
  • Candidates seeking topic practice before attempting a four-hour mixed-domain mock.
  • Risk and finance learners using FRM Part I concepts for structured revision.

Questions

Before you take the next step.

Where do I buy and take the course?

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Does this include the official certification exam?

No. This is independent preparation material. Certification registration, exam fees and credentials are managed by the exam provider.

Can I switch the course language?

Check the course language label. Available language editions are listed on each course page and have separate Udemy links. The website language switch changes navigation, not course content.

Finance & securities620 questions
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