A full-length, exam-realistic mock exam for CAIA Level I — 200 questions, two timed sections, the structure of the actual exam, with a complete explanation behind every answer.
Early access pricing through 31 July 2026.
Every full mock exam in the MockSmith CAIA Level I bank mirrors the real exam directly:
200 questions, two sections of 100. Same structure as the actual CAIA Level I exam, including the section break.
Four-hour timed format. Built to train your pacing and stamina for exam day, not just your knowledge.
Full explanations for every answer option. Not just confirmation of the correct answer — a clear explanation of why each of the three wrong options is wrong. That's where the actual learning happens.
Original questions across the full current curriculum. Including the 2026 CAIA Ethical Principles, expanded private debt content, and the newer digital assets material — areas where a lot of older practice material hasn't caught up.
The full bank includes the equivalent of 12+ complete mock exams, so you can sit multiple full-length practice exams without ever repeating a question.
Reading the CAIA curriculum tells you whether the material makes sense on the page. It doesn't tell you whether you can apply it under genuine time pressure, in an unfamiliar question format, with no opportunity to look anything up.
A full mock exam is the only practice format that tests both your knowledge and your exam-day stamina at the same time. Question 180 is a different experience from question 20 after three and a half hours of sustained concentration — and the only way to know how you'll handle that is to have done it before, under conditions that actually resemble the real thing.
Most candidates who sit a full mock exam too late in their preparation — in the final few days — don't have time left to act on what it reveals. Starting earlier, with enough fresh material to sit more than one full mock, is what turns a mock exam from a confidence check into a genuine diagnostic tool. For a full breakdown of how to build mock exams into your study schedule, see how to use mock exams to pass CAIA Level I.
A full mock exam works best as part of a complete practice routine, not in isolation. The MockSmith CAIA Level I bank also includes:
100-question half mocks — for timed practice when a full four-hour sitting doesn't fit your day.
25-question untimed drills — for topic-by-topic review earlier in your preparation, before you're ready for full exam-condition pressure.
If you want to see the explanation quality before committing, ten free sample questions with full explanations are available directly on the main CAIA Level I page — no purchase required.
Pricing
Early access to the full CAIA Level I bank — every mock exam, half mock, and drill — is $149 through 31 July 2026. See the full pricing breakdown.
Start Your First Mock Exam — $149 Early AccessA full breakdown of common questions — how many questions are included, whether the bank covers the current curriculum, how mocks compare to drills — is available on the CAIA Level I FAQ page.