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FRM 2026 Free Practice Tests & FLP Mock Tests

FRM 2026 Free Practice Tests | Online FLP Mock Tests

Every subject, every chapter, every quiz — plus complete full-length papers. Pick what you need.

📋 FRM — Test Overview

Conducting BodyGlobal Association of Risk Professionals GARP
Frequencythree times a year: May, August, and November
Duration100 minutes
Total MCQs100
Negative MarkingNo
Merit Formula: -

🧠 FRM — All Subjects, Chapters & Quizzes

Click any level to expand. Every quiz below is free — attempt as many times as you want.

FRM - Part I840 MCQs • 4 subjects
Financial Markets and Products210 MCQs
Commodity Markets21 MCQs • 3 quizzes
Derivatives21 MCQs • 3 quizzes
Equity Markets21 MCQs • 3 quizzes
Financial Markets21 MCQs • 3 quizzes
Fixed Income21 MCQs • 3 quizzes
Foreign Exchange21 MCQs • 3 quizzes
Forwards21 MCQs • 3 quizzes
Futures21 MCQs • 3 quizzes
Options21 MCQs • 3 quizzes
Swaps21 MCQs • 3 quizzes
Foundations of Risk Management210 MCQs
Corporate Governance21 MCQs • 3 quizzes
Credit Risk21 MCQs • 3 quizzes
Enterprise Risk Management21 MCQs • 3 quizzes
Financial Risk21 MCQs • 3 quizzes
Liquidity Risk21 MCQs • 3 quizzes
Market Risk21 MCQs • 3 quizzes
Operational Risk21 MCQs • 3 quizzes
Risk Appetite21 MCQs • 3 quizzes
Risk Management21 MCQs • 3 quizzes
Systemic Risk21 MCQs • 3 quizzes
Quantitative Analysis210 MCQs
Correlation Analysis21 MCQs • 3 quizzes
Data Analysis21 MCQs • 3 quizzes
Hypothesis Testing21 MCQs • 3 quizzes
Monte Carlo Simulation21 MCQs • 3 quizzes
Probability21 MCQs • 3 quizzes
Probability Distributions21 MCQs • 3 quizzes
Regression Analysis21 MCQs • 3 quizzes
Statistics21 MCQs • 3 quizzes
Time Series Analysis21 MCQs • 3 quizzes
Value at Risk21 MCQs • 3 quizzes
Valuation and Risk Models210 MCQs
Backtesting21 MCQs • 3 quizzes
Credit Risk Models21 MCQs • 3 quizzes
Derivative Valuation21 MCQs • 3 quizzes
Expected Shortfall21 MCQs • 3 quizzes
Market Risk Models21 MCQs • 3 quizzes
Monte Carlo Simulation21 MCQs • 3 quizzes
Risk Models21 MCQs • 3 quizzes
Stress Testing21 MCQs • 3 quizzes
Value at Risk21 MCQs • 3 quizzes
Volatility Models21 MCQs • 3 quizzes
FRM - Part II1470 MCQs • 6 subjects
Credit Risk Measurement and Management210 MCQs
Counterparty Risk21 MCQs • 3 quizzes
Credit Analysis21 MCQs • 3 quizzes
Credit Derivatives21 MCQs • 3 quizzes
Credit Rating21 MCQs • 3 quizzes
Credit Risk21 MCQs • 3 quizzes
Credit Risk Models21 MCQs • 3 quizzes
Credit Scoring21 MCQs • 3 quizzes
Expected Loss21 MCQs • 3 quizzes
Loss Given Default21 MCQs • 3 quizzes
Probability of Default21 MCQs • 3 quizzes
Current Issues in Financial Markets420 MCQs
Artificial Intelligence42 MCQs • 5 quizzes
Central Bank Digital Currency42 MCQs • 5 quizzes
Climate Risk42 MCQs • 5 quizzes
Cryptocurrency42 MCQs • 5 quizzes
Cyber Risk42 MCQs • 5 quizzes
Digital Assets42 MCQs • 5 quizzes
Financial Regulation42 MCQs • 5 quizzes
Financial Technology42 MCQs • 5 quizzes
Geopolitical Risk42 MCQs • 5 quizzes
Systemic Risk42 MCQs • 5 quizzes
Liquidity and Treasury Risk Measurement and Management210 MCQs
Asset Liability Management21 MCQs • 3 quizzes
Cash Flow Risk21 MCQs • 3 quizzes
Funding Liquidity21 MCQs • 3 quizzes
Funding Risk21 MCQs • 3 quizzes
Liquidity Management21 MCQs • 3 quizzes
Liquidity Ratios21 MCQs • 3 quizzes
Liquidity Risk21 MCQs • 3 quizzes
Liquidity Stress Testing21 MCQs • 3 quizzes
Market Liquidity21 MCQs • 3 quizzes
Treasury Management21 MCQs • 3 quizzes
Market Risk Measurement and Management210 MCQs
Backtesting21 MCQs • 3 quizzes
Equity Risk21 MCQs • 3 quizzes
Expected Shortfall21 MCQs • 3 quizzes
Foreign Exchange Risk21 MCQs • 3 quizzes
Interest Rate Risk21 MCQs • 3 quizzes
Market Risk21 MCQs • 3 quizzes
Market Risk Models21 MCQs • 3 quizzes
Stress Testing21 MCQs • 3 quizzes
Value at Risk21 MCQs • 3 quizzes
Volatility21 MCQs • 3 quizzes
Operational Risk and Resilience211 MCQs
Business Continuity21 MCQs • 3 quizzes
Cyber Risk21 MCQs • 3 quizzes
Fraud Risk21 MCQs • 3 quizzes
Loss Events21 MCQs • 3 quizzes
Operational Resilience21 MCQs • 3 quizzes
Operational Risk22 MCQs • 3 quizzes
Operational Risk Models21 MCQs • 3 quizzes
Risk Assessment21 MCQs • 3 quizzes
Risk Controls21 MCQs • 3 quizzes
Scenario Analysis21 MCQs • 3 quizzes
Risk Management and Investment Management209 MCQs
Alternative Investments21 MCQs • 3 quizzes
Asset Allocation20 MCQs • 2 quizzes
Hedge Funds21 MCQs • 3 quizzes
Investment Risk21 MCQs • 3 quizzes
Investment Risk Management21 MCQs • 3 quizzes
Performance Measurement21 MCQs • 3 quizzes
Portfolio Management21 MCQs • 3 quizzes
Portfolio Risk21 MCQs • 3 quizzes
Private Equity21 MCQs • 3 quizzes
Risk Budgeting21 MCQs • 3 quizzes

🔒 FRM — Full Length Papers (FLPs)

40 complete timed mock papers available, 4000 MCQs in total, approx. 7200 minutes of test time.
These are premium (paid) papers. You must complete a one-time payment before you can attempt any FLP. Once access is granted, the 🔒 lock on the FLP card will turn into an unlocked icon 🔓 and you can start the paper instantly.

FRM - FLP1

MCQs100

Minutes180

Passing50%

Unlock FLP 1 →
FRM - FLP2

MCQs100

Minutes180

Passing50%

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FRM - FLP3

MCQs100

Minutes180

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FRM - FLP4

MCQs100

Minutes180

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FRM - FLP5

MCQs100

Minutes180

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FRM - FLP6

MCQs100

Minutes180

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FRM - FLP7

MCQs100

Minutes180

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FRM - FLP8

MCQs100

Minutes180

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FRM - FLP9

MCQs100

Minutes180

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FRM - FLP10

MCQs100

Minutes180

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FRM - FLP11

MCQs100

Minutes180

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FRM - FLP12

MCQs100

Minutes180

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FRM - FLP13

MCQs100

Minutes180

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FRM - FLP14

MCQs100

Minutes180

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FRM - FLP15

MCQs100

Minutes180

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FRM - FLP16

MCQs100

Minutes180

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FRM - FLP17

MCQs100

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FRM - FLP18

MCQs100

Minutes180

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FRM - FLP19

MCQs100

Minutes180

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FRM - FLP20

MCQs100

Minutes180

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FRM - FLP21

MCQs100

Minutes180

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FRM - FLP22

MCQs100

Minutes180

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FRM - FLP23

MCQs100

Minutes180

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FRM - FLP24

MCQs100

Minutes180

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FRM - FLP25

MCQs100

Minutes180

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FRM - FLP26

MCQs100

Minutes180

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FRM - FLP27

MCQs100

Minutes180

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FRM - FLP28

MCQs100

Minutes180

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FRM - FLP29

MCQs100

Minutes180

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FRM - FLP30

MCQs100

Minutes180

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FRM - FLP31

MCQs100

Minutes180

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FRM - FLP32

MCQs100

Minutes180

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FRM - FLP33

MCQs100

Minutes180

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FRM - FLP34

MCQs100

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FRM - FLP35

MCQs100

Minutes180

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FRM - FLP36

MCQs100

Minutes180

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FRM - FLP37

MCQs100

Minutes180

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FRM - FLP38

MCQs100

Minutes180

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FRM - FLP39

MCQs100

Minutes180

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FRM - FLP40

MCQs100

Minutes180

Passing50%

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❓ FAQs about FRM

Which organization administers FRM?
Global Association of Risk Professionals GARP
How many total MCQs are in FRM?
100 MCQs
What is the time duration for FRM?
100 minutes
Does FRM have negative marking?
No
How is the merit score computed for FRM?
-