FRM Part I Exam Prep
Prepare for GARP’s Financial Risk Manager (FRM) Part I exam with 1,500 original practice questions built to GARP’s published topic weights. FRM Part I is a calculation-forward exam, so this bank is too: every calculation question shows its complete computation in the explanation — CAPM and performance measures, regression and volatility models, forward and swap pricing, duration and convexity, binomial and Black-Scholes valuation, and value at risk.
What’s included
- 1,500 original practice questions across all four FRM Part I topic areas, weighted exactly to GARP’s published blueprint (20% / 20% / 30% / 30%)
- A full 100-question timed simulation — the same length and time limit as the real exam (4 hours)
- Four topic practice drills (10 questions each) so you can target weak areas, from quantitative analysis to valuation models
- Detailed explanations for every question, including the full math on calculation items
- A free 12-question sample — no account needed to try it
Price: $99 for 6 months of access.
Practice by topic area
| Topic area (GARP FRM Part I) | Exam weight | Practice questions | In each simulation |
|---|---|---|---|
| Financial Markets and Products | 30% | 450 | 30 |
| Valuation and Risk Models | 30% | 450 | 30 |
| Foundations of Risk Management | 20% | 300 | 20 |
| Quantitative Analysis | 20% | 300 | 20 |
About the real FRM Part I exam
The FRM is the leading global certification for financial risk managers, administered by the Global Association of Risk Professionals (GARP). Part I contains 100 multiple-choice questions given over 4 hours in computer-based testing windows in May, August, and November. There are no prerequisites to sit Part I — anyone may register. Only GARP-approved calculators (the TI BA II Plus and HP 10bII families) may be used.
How passing works: GARP does not publish a passing score for the FRM. The FRM Committee sets the passing mark for each exam administration, and results are reported as pass/fail together with quartile rankings showing how you performed in each topic area relative to other candidates. Any source claiming a specific percentage needed to pass is speculating — GARP has never published one.
To earn the FRM certification you must pass both Part I and Part II and demonstrate two years of professional work experience in a risk-related field. GARP’s 2026 schedule lists a one-time enrollment fee of $400 plus an exam fee of $600 (early) or $800 (standard) per part — fees change, so confirm current amounts at garp.org. Studying for Part II as well? Our FRM Part II practice course covers the second exam.
How our practice scoring works
Our simulation presents 100 questions in 240 minutes, mirroring the real exam’s size and pacing, and shows a 70% benchmark as a study gauge. That benchmark is ours, not GARP’s — as explained above, GARP does not publish a passing score.
PassProfessor is an independent study provider and is not affiliated with or endorsed by GARP. FRM and Financial Risk Manager are marks of the Global Association of Risk Professionals. All practice questions in this course are original works written for this course.