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Free Topic 7 sample test — 10 MCQs with explanations, no account required.
CFA UK IMC Unit 2 · Investment Practice
Mock exam practice for IMC Unit 2 — topic by topic
Standard multiple-choice (MCQ) practice for the CFA UK Level 4 Certificate in Investment Management — Unit 1. Markets, ethics, regulation, legal concepts, client advice, and taxation — with instant feedback and progress tracking. The live exam also includes gap-fill and item-set questions; this site focuses on MCQ practice (including calculation-style MCQs).
10 free questions · No account required.
Built for IMC Unit 2 candidates
Whether you are sitting IMC for the first time or consolidating Unit 1 before Unit 2, practise in the MCQ format you will use on exam day — with a clear target around 70% (the live pass mark typically sits in the mid-60s to mid-70s).
MCQ-only practice
Standard four-option multiple choice, including calculation-style MCQs. Gap-fill and item-set formats are not covered here.
Syllabus aligned
Version 23 Topics 7–17: quantitative methods, economics, accounting, asset classes, portfolio management, products, and performance.
Learn from every answer
See whether you were right or wrong immediately, with a short explanation after each question.
Full syllabus coverage
Every IMC Unit 2 topic is available as its own practice test. Work through topics as you study, or sit the full 105-question MCQ mock when you are ready. Browse all topics to see which are free or locked.
Full IMC Unit 2 mock exam
105 standard MCQs · 140 minutes — MCQ practice only
- All 11 syllabus topics
- Weighted towards the syllabus
- Exam-style conditions
Topic 7 — Quantitative methods
Free sample · ~10–20 exam questions
- Sources of data and summary statistics
- Correlation and regression
- PV, FV, IRR and NPV
Topic 8 — Micro-economics
Economics · ~5–15 (with Topic 9)
- Demand and supply
- Costs and profitability
- Competitive environment
Topic 9 — Macro-economics
Economics · ~5–15 (with Topic 8)
- Outlook for GDP growth
- Economic theory and policy
- Impact on investments
Topic 10 — Accounting
Accounting · ~10–20 exam questions
- Balance sheet and income statement
- Cash flow and group accounts
- Major accounting ratios
Topic 11 — Equities
Asset classes · ~25–30 (with Topics 12–14)
- Equity capital characteristics
- Issuance and capital return
- Valuation metrics
Topic 12 — Fixed income
Asset classes · ~25–30 (with Topics 11, 13–14)
- Cash and cash equivalents
- Risk, return and duration
- Yields and the yield curve
Topic 13 — Derivatives
Asset classes · ~25–30 (with Topics 11–12, 14)
- Forwards, futures, options and swaps
- Short selling and stock lending
- Convertibles and warrants
Topic 14 — Alternative investments and private markets
Asset classes · ~25–30 (with Topics 11–13)
- Alternatives and diversification
- Commodities and cryptocurrencies
- Property, hedge funds and private assets
Topic 15 — Portfolio management
Investment theory · ~25–30 (with Topics 16–17)
- Risk, return and diversification
- Models of return and risk
- Fund management and ESG
Topic 16 — Investment products
Investment theory · ~25–30 (with Topics 15, 17)
- Collective investment schemes
- Product characteristics and risks
- Investor suitability
Topic 17 — Investment performance measurement
Investment theory · ~25–30 (with Topics 15–16)
- Total return and its components
- Time- and money-weighted returns
- Benchmarks and appraisal
How it works
Three steps — no complicated setup.
Step 1
Unlock full access
Create your account or check out as a guest, continue at £19.99/month unless you cancel.
Step 2
Choose a topic
Select a syllabus topic, sub-topic, or the full 105-question MCQ mock.
Step 3
Practise and review
Answer IMC Unit 2–style MCQs, read explanations, and track your scores over time.
What other IMC Unit 2 candidates say
Early feedback from people using the site to prepare for their exam.
“Topic 6 taxation used to slow me down. Drilling it separately — then sitting a full 105-question MCQ mock — made my revision far more focused.”
“The MCQ scenarios feel closer to the real paper than generic finance quizzes. I use the progress screen to see which topics I keep getting wrong.”
“Ethics and regulation used to blur together. Topic tests helped me learn the syllabus structure, and the explanations after each answer are what make it useful.”
Try free samples
10 free Topic 7 MCQs with explanations — no account required. Full access unlocks every syllabus topic and the full 105-question mock. Practice is standard MCQ only; the live exam also has gap-fill and item-set questions.
Try free samples
10 free questions · No account required.