QFA Investment · mock test · 100 questions in 2 hours
QFA Investment Mock Test: 2 Full Exams of 100 Questions
Two full QFA Investment mock exams for QFA and APA Investment candidates: 100 questions in two hours each, the format of the module exam.
More about this test
The questions cover markets and economic and monetary policy, deposits, shares, bonds, collective investment schemes, unit-linked savings, basic investment principles and risk, and regulation. Every answer is explained, naming the provision, rule or principle it rests on, every calculation is worked, and each mock ends with your score by topic. Start with 4 questions free.
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Taking more than one module? Regulation + Investment, the two modules of an APA in Investment: one purchase for both mock tests · Regulation + Loans + Investment: all three mock tests in one purchase.
The mocks
Mock exam 1: 100 questions, 120 minutes · Mock exam 2: 100 questions, 120 minutes
Double-checked questions Real exam pattern Free · 4 questions
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Full tests 2 tests
One payment unlocks both tests
- 2 timed mocks: 100 questions in 2 hours each
- Every answer explained, naming the provision, rule or principle it rests on
- Your score by topic after every mock
- Every calculation worked in the explanation
- 4 questions free
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Every test: instant score, answer review and a breakdown of topics to work on
Mock exam 1
Included in the full set
Mock exam 2
Included in the full set
The module exam formats, from IOB’s and LIA’s programme pages
- Format: each of the Regulation, Life Assurance, Loans, Investment and Pensions modules has a two-hour exam of 100 multiple-choice questions (IOB and LIA); the IOB’s exams are online.
- Capstone: the IOB’s Financial Planning module is a written case study with essay-style questions; LIA’s Financial Advice module is a 2.5-hour exam of three case-study questions.
- Time per question: 120 minutes for 100 questions is 72 seconds a question.
- APA: LIA’s APA page says its Accredited Product Adviser (APA) course is typically QFA Regulation plus one other module, and lists Regulation + Investment = APA Investment, Regulation + Loans = APA Loans, Regulation + Life Assurance = APA Life Assurance, Regulation + Pensions = APA Pensions.
- QFA: the QFA programme has six modules, and continued use of the designation needs annual CPD. The Central Bank’s Minimum Competency Code lists the QFA as a recognised qualification for life assurance, pensions, savings and investment, housing loans and consumer credit.
- Pass mark: the IOB and LIA programme pages we read state no pass mark or pass rate, so we show your score and your weakest topics rather than a pass or fail.
Read on 27 October 2026 on the IOB QFA programme page, LIA APA page, LIA QFA page and Central Bank’s Consumer Protection Code 2025.
Before you buy
What do I get?
Two full QFA Investment mock exams of 100 questions each, two hours each, in our exam player (timer, question palette, mark for review). The topics follow the areas and learning outcomes the IOB lists for Investment: markets and economic and monetary policy, asset classes, shares, bonds, deposits, collective investment schemes, unit-linked savings, basic investment principles and regulation. Every answer comes with an explanation naming the provision, rule or principle it rests on, and each mock ends with your score by topic so you see your weak topics. Retake either mock as often as you like; access does not expire.
Which version of the law do the questions use?
Regulation questions follow the Consumer Protection Code 2025, which replaced the 2012 Code on 24 March 2026, and the other Acts and codes each explanation names. Your awarding body’s syllabus and learning outcomes set what your exam examines; check each explanation against them and your course materials. Each explanation names the provision, rule or principle it rests on, so you can check its basis.
Will my score here predict my result?
No. A practice score shows where you are strong and weak on our questions; it is not a forecast of your exam result.
How do I pay and get access?
One-off payment through our payment provider, no subscription. The price is shown and charged in euro in Ireland, in your own currency elsewhere where we support it, and otherwise in Indian rupees. Access opens on this device once payment is confirmed; sign in afterwards to link it to your account. Retake either mock as often as you like; access does not expire.
Independent practice, not affiliated with IOB, LIA or III. Every question is our own, written from Irish law, the Central Bank of Ireland’s codes and standard investment principles; none comes from an IOB, LIA or III exam, sample paper or course book. Purchase policy.
Disclaimer
Are these real exam questions? No. They are original questions written from the Consumer Protection Code 2025, the Minimum Competency Code, the Acts and Central Bank rules each explanation names, and standard investment principles. They are not IOB, LIA or III exam, sample or past-paper questions: ProSyllabus wrote them independently and is not affiliated with IOB, LIA or III. Use your course book and your awarding body’s own resources too.