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CeMAP Module 1 · Financial Services, Regulation and Ethics

CeMAP Module 1 mock exam: both units in the current format

Two units, as in the real exam, each 40 marks in one hour, with every answer explained.

80questions2timed parts120minutes in all3free questions
  • Every answer explained
  • Timed parts
  • One-time payment
The test, part by part
Pass mark in each unit28 of 40 to pass040
Unit 1 (FRE1)40 questions · 60 min1 free
Unit 2 (FRE2)40 questions · 60 min2 free

In the real exam each unit is one hour and 40 marks, and you need 28 (70%) in each unit to pass.

Try 3 questions free

Double-checked questions Real exam pattern Free sample · 3 questions

Try before you buy free, no payment

SampleCeMAP 1 Mock Exam · Free sampleA few questions in the exact player you get after buying: the clock, the question palette, then your score and every answer explained.

Full tests 2 tests

One payment unlocks both tests

  • 80 questions, 40 for each unit
  • 25 questions and 3 case studies per unit
  • One hour per unit, timed
  • Marked against the pass mark of 28
  • Every answer explained
Free try about 5 min, Each mock up to 1 h

₹1,499no subscription

Every test: instant score, answer review and a breakdown of topics to work on

Test 1

Unit 1: Industry, Regulation and Key Parties

40 questions · 60 min

Included in the full set

Test 2

Unit 2: Skills, Principles and Ethical Behaviours

40 questions · 60 min

Included in the full set

About this practice test

Two units, as in the real exam: Unit 1: Industry, Regulation and Key Parties; Unit 2: Skills, Principles and Ethical Behaviours. Each is 25 questions and 3 case studies with 5 linked questions, 40 marks, one hour. 3 questions are free.

Independent practice material. Not written or endorsed by LIBF or Walbrook Institute London. CeMAP is a registered trade mark of its owner. These are original questions, not past exam questions. Rules and time limits are stated as we understand them in October 2026; your official study text is the authority for the exam.

Taking more than one module? CeMAP 2 mock exam: MRT1 and MRT2 · CeMAP 3 case-study mock: six case studies · all three in one bundle: CeMAP 1, 2 and 3 in one purchase.

Before you buy

What do I get?

80 questions: a full-length mock of each of the two Module 1 units. Start with the 3-question free sample, then sit each unit in the quiz player: a one-hour clock, a question palette and mark for review, then your mark out of 40, the explanation for every answer and your score by topic.

Is this the current exam format?

Yes, as set out in the awarding body's 2026 specifications. CeMAP Module 1 is now the FSRE module, in two units. Each unit is a one-hour exam of 25 multiple-choice questions and 3 case studies with 5 linked questions each, 40 marks in all, and you need 28 (70%) in each unit to pass. Older guides describe a single 100-question, two-hour paper; that is no longer the format.

Who awards CeMAP?

The London Institute of Banking & Finance (LIBF), which is now Walbrook Institute London. This mock is independent of it.

Are these past exam questions?

No. Every question and case study is original, written to the published syllabus for the two units.

How were the answers checked?

Every question was answered independently, without the key, before release, and went in only when those answers matched ours and no defect was named. The rule or Act is given with each answer so you can check it against your study text.

How do I pay and get access?

One payment by card, handled by our payment provider. Outside India the price is charged in your own currency where we support it (pounds in the UK, euros in the eurozone); 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.