CACS Paper 1 Practice Test
Two 80-question mocks timed at 2.5 hours, the length IBF states for Paper 1, and a drill for each of IBF's six syllabus headings. Every explanation names the rule it rests on.
- The rule behind every answer
- PB Code, MAS notices, the Acts
- Rules to re-read, by heading
- Checked 25 October 2026
IBF publishes no weights per heading: the split is ours.
Start with the free sample
The 4 free questions come from four different syllabus headings and run in the same test player as the mocks, with a question palette, mark for review and a clock. Each mock is 80 questions with the headings mixed, in 2.5 hours, against IBF's 75% pass mark. Each drill is 12 questions from one heading at the same pace.
Double-checked questions Real exam pattern Free sample · 4 questions
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Free try up to 8 min, Full practice up to 7 h 20 minEvery test: instant score, answer review and a breakdown of topics to work on
Free sample
Free sampleMock 1
Included in the full set
Mock 2
Included in the full set
Overview of Wealth Management drill
Included in the full set
Private Banking Code of Conduct drill
Included in the full set
Client Due Diligence drill
Included in the full set
Client Advisory drill
Included in the full set
Wealth Transfers and Succession Planning drill
Included in the full set
Ethical Conduct drill
Included in the full set
What is inside
| IBF syllabus heading | What the questions rest on (our mapping) | Per mock |
|---|---|---|
| Overview of Wealth Management | Who is an accredited investor (SFA s 4A) and opting in under the Classes of Investors Regulations 2018; the MAS notices on competency requirements for representatives; ABS sustainable private banking guidelines; fraud risk controls in MAS's private banking guidance. | 12 |
| Private Banking Code of Conduct | The ABS PB Code: Covered Persons, the competency assessment (CACS), CPD hours, client confidentiality, complaints, the operational framework, and the Industry Sound Practices in Addendum 1. | 15 |
| Client Due Diligence | MAS Notice 626: when CDD is needed, beneficial owners, simplified and enhanced CDD (including PEPs), reliance on third parties, ongoing monitoring and suspicious transaction reports; PB Code 6.1 (Know Your Client); MAS's private banking controls guidance on source of wealth. | 15 |
| Client Advisory | PB Code advisory, communication and disclosure standards, including fees, charges and other quantifiable benefits, price improvements and bond rebates; the MAS Guidelines on Fair Dealing; investment suitability in MAS's private banking guidance. | 16 |
| Wealth Transfers and Succession Planning | The Intestate Succession Act rules for distribution, the Wills Act (signing and witnesses, gifts to witnesses, revocation by marriage), lasting powers of attorney and deputies under the Mental Capacity Act, and the Trustees Act. | 10 |
| Ethical Conduct | PB Code key principles and professionalism (inside information, order handling, conflicts of interest, gifts and entertainment), the MAS Guidelines on Fit and Proper Criteria, and on Individual Accountability and Conduct. | 12 |
| Total | 2 mocks, no question repeated between them or in the drills; plus a 12-question drill per heading | 80 |
IBF's examination details page gives no question count per heading, so the split in each mock is ours. The rules are the versions we read in October 2026, including MAS Notice 626 (MAS page last revised 30 June 2025) and the PB Code effective 1 September 2020; the Classes of Investors Regulations and the Mental Capacity Act were read from Internet Archive copies of their Singapore Statutes Online pages.
What you see after every attempt
- Rules to re-read: for each heading, the rule behind every question you got wrong or left blank, with the question numbers and a link to the official text.
- Your score in each of the six headings, with your time per question in each and a line naming your lowest-scoring heading and its drill.
- The reason behind every answer, naming the paragraph, notice, guideline or section it rests on, plus a written report on the attempt and your progress when you retake it.
A score here is the share of our questions you answered correctly. It is not a CACS result and does not predict one.
CACS Paper 1, as IBF describes it
- Paper 1 is "Legislations, Regulations & Industry Codes of Practice": 80 multiple-choice questions on computer, in 2.5 hours, with a pass mark of 75%. The result is shown on screen after the exam.
- The six syllabus headings: Overview of Wealth Management, Private Banking Code of Conduct, Client Due Diligence, Client Advisory, Wealth Transfers and Succession Planning, and Ethical Conduct.
- For the exams from 6 August 2024, IBF announced more application-based questions, enhanced content on ethics and professional conduct in the Paper 1 study guide, and a longer paper: 2.5 hours instead of 2.
- There are no exemptions from Paper 1. Paper 2 (Industry & Product Knowledge, 80 questions, 2.5 hours, pass mark 70%) is a separate exam.
Sources: IBF, CACS Examination Details and Implementation of the New CACS Exams (5 May 2024); ABS, Private Banking Code of Conduct (effective 1 September 2020); read 25 October 2026. IBF is the authority on the exam.
Before you buy
Does this replace IBF's study guide?
No. IBF's exam rules say registered candidates can access its study guide through their IBF Portal account, with access expiring after their examination date. Use this to practise applying the rules under time and to find the headings and rules where you lose marks, then go back to the study guide and the official text.
If I score 75% here, will I pass Paper 1?
We cannot say. Our questions are not IBF's and may be easier or harder. Use the heading scores and the rules-to-re-read list to see where you lose marks.
What do I get?
232 original questions: 2 mocks of 80 with a 2.5-hour clock and 6 drills of 12, one per heading, in the full test player with a question palette and mark for review. After each attempt: your score and time by heading, the rules to re-read, a written report and the explanation for every answer. Retake any of them as often as you like.
How do I pay and get access?
One payment by card (or PayPal where offered), handled by our payment provider. In Singapore the price is charged in Singapore dollars; elsewhere in your own currency where we support it, otherwise in Indian rupees with the local figure shown as an estimate. Access opens on this device straight after payment. Sign in afterwards to keep it on your account. Purchase policy.
Independent practice material by ProSyllabus. Not affiliated with, produced or endorsed by IBF, the Private Banking Industry Group, ABS or MAS. These are original questions, not IBF exam items. The exam facts are as IBF's pages gave them on 25 October 2026.
Disclaimer
Independent practice, not IBF's exam
Independent practice material by ProSyllabus. Not affiliated with, produced or endorsed by IBF, the Private Banking Industry Group, ABS or MAS. These are original questions, not IBF exam items. The exam facts are as IBF's pages gave them on 25 October 2026.
Are these real CACS questions? No. Every question is original, written by us to IBF's six Paper 1 syllabus headings from the public rules: the ABS Private Banking Code of Conduct, MAS notices and guidelines, and Singapore Acts. None is an IBF exam question or comes from IBF's study guide, and IBF has not reviewed or endorsed them.