CeMAP 1 Mock Exam Free: Official Specimen Papers and Two Worked Questions

There are two kinds of free CeMAP 1 mock material, and it helps to know which is which. The official kind comes from LIBF: one specimen exam for each unit, included in your registration, so two for CeMAP 1. It is free in the sense that you have already paid to register, and it sits inside your student account. The other kind is independent practice written by someone else. This page sets out exactly what LIBF provides and sells, then gives two free worked questions from the ProSyllabus CeMAP Module 1 mock exam, with the explanation for each. ProSyllabus is an independent study site. It is not affiliated with LIBF or Walbrook Institute London, and nothing here is official. Every rule and fee below is quoted or summarised from their own pages and specifications, read on 14 October 2026.

LIBF CeMAP qualification page and specification, read 14 October 2026; the mock’s counts are read from its own files.

A note on names. The CeMAP pages now sit on walbrook.ac.uk (libf.ac.uk addresses redirect there), the specifications carry the copyright of Walbrook Institute London Limited, and Ofqual’s register lists the awarding organisation as The London Institute of Banking & Finance. The pages themselves still say LIBF, so this guide does too.

The specimen exams for the current format have existed since 24 October 2025: LIBF’s transition page lists that date as when “Specimen exam papers for new version of CeMAP become available”, and names “a free specimen exam paper for each unit” among the improvements. A specimen paper from before then is for the old CeMAP 1 (the UKFR module, 50 questions per unit) and does not have the case studies that now carry 15 of the 40 marks in each unit.

Two names, one thing. The same LIBF page calls these “specimen exams” in its list of study materials and its fee section, and “Practice Exams” in its additional-materials section, at the same prices (£25 per unit, £40 per module). We read them as the same product; the page does not say otherwise.

What is not there. None of the pages we read links a specimen paper that can be opened without registering: the materials are described on the public pages and delivered inside the student account. We did not see, and do not reproduce, any LIBF specimen question. LIBF does not say how many further specimen exams exist for each unit.

LIBF does not publish past CeMAP exam papers on any of the pages we read. What it gives and sells instead are the specimen exams above: one for each unit inside your registration, more at £25 a unit or £40 a module, and the CeMAP Revision Tool, which LIBF says “includes all practice exam questions, plus additional knowledge check questions”. So treat any file offered as a “CeMAP past paper” with care: we found no LIBF source for one, it may not follow the current format, and if the seller is not one of LIBF’s Accredited Learning Support Providers, LIBF’s warning quoted below applies to it. Check that a CeMAP 1 paper has three case studies in each of FRE1 and FRE2: the old CeMAP 1 (the UKFR module) had 50 questions per unit and no case studies.

For practice beyond the specimen exams, each ProSyllabus CeMAP mock lets you answer some questions free first: our CeMAP 1 mock exam (3 questions), our CeMAP 2 mock exam (4 questions; see also our CeMAP 2 mock exam guide) and our CeMAP 3 case-study mock (3 questions). The three are also sold together as one CeMAP 1, 2 and 3 bundle. All are original questions, not LIBF papers.

LIBF’s page carries a warning that applies to every independent source, this site included: “We are aware of a number of revision courses and learning materials being offered for sale online. If these are not being offered by one of our Accredited Learning Support Providers, you should be very wary of buying these items, even if they appear to be good value. The provider and the materials have not been reviewed by us and therefore their quality and relevance to your studies is unknown.” ProSyllabus is not an Accredited Learning Support Provider and LIBF has not reviewed our questions. That is the reason this page shows you two of them in full, with the reasoning: judge them against your own study text.

ProSyllabus has its own CeMAP Module 1 mock exam: 80 original questions in the current shape of the two FSRE unit exams, with 3 of them free to answer (1 in unit 1 and 2 in unit 2) and the reason for every answer shown. You will find it on the full web version of this page and on the mock exam’s own page. It is our own work: it is not written or endorsed by LIBF or Walbrook Institute London and contains no LIBF specimen or exam question.

Both are questions of the mock, printed exactly as they appear there with the explanation the mock gives: a standalone question from unit 1 and a question linked to the unit 1 case study. The short notes on technique are ours.

Exam technique for a case study (our note): read the whole case before the first question, because a linked question can turn on one detail in it: example 2 turns on the words “tenants in common”. Underline details like these as you read, because five marks depend on one paragraph.

The remaining four questions on this case study are in the mock exam itself, which also has 3 questions free to answer, with the reason for every answer shown.

For the marks behind those boundaries see the pass mark guide; for what each unit’s syllabus contains see the modules and units guide; for the price of LIBF’s specimen exams and Revision Tool beside everything else see the cost guide.