CeMAP 1 Financial Services & Regulation Practice Tests
390 questions for CeMAP 1 Financial Services & Regulation with every answer explained, in 6 timed tests. Written in-house, not affiliated with CeMAP.
- 390 questions mapped to the CeMAP Unit 1 (UK Financial Regulation) syllabus
- Covers both FRE1 and FRE2, the two parts examined in CeMAP Unit 1
- Two full-length, 40-question mock exams at the real exam length, plus four topic drills
- A full explanation on every answer, right and wrong
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Practice built to pass, not to pad the count
Original, not recycled
Written in-house to the published syllabus. No real exam papers, no shared braindumps.
Every answer explained
Learn why the key is right and why each distractor is the tempting trap.
A route, not a score
Topic tests find your weak areas; the timed mock confirms readiness.
Real exam standard
Timed and marked at the actual pass mark, so the score means something.
390 questions across 6 tests
| Practice test | Coverage | Questions |
|---|---|---|
| FRE1 drill 1 | UK financial services, the consumer and legal concepts | 70 |
| FRE1 drill 2 | The development of regulation and the FCA/PRA | 90 |
| FRE2 drill 3 | Advising clients and applying the regulations | 90 |
| FRE2 drill 4 | Ethics and professional judgement | 60 |
| Full mock 1 | All of unit 1, exam pace | 40 |
| Full mock 2 | All of unit 1, exam pace | 40 |
| Total | 390 |
The learning outcomes
- 01Understand the UK financial services industry in its European and international context
- 02Identify how the retail consumer is served by the financial services industry
- 03Apply the legal concepts and considerations relevant to financial advice
- 04Understand the development of financial services regulation
- 05Evaluate the FCA's and PRA's responsibilities and approach to regulation
- 06Identify the skills required when advising clients
- 07Apply regulatory principles, requirements and regulations to client relationships
- 08Apply ethical principles to professional behaviour and judgements at work
A sample question, in the course style
What is the primary economic function of money as a 'medium of exchange'?
- AIt allows goods and services to be traded without the need for barter
- BIt makes it very unlikely that prices will rise
- CIt pays a fixed monthly rate of interest to whoever currently happens to hold it
- DIt is issued only by commercial banks
Money functions as a medium of exchange, a store of value, a unit of account and a standard of deferred payment.
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Questions, answered
Are these the real exam questions?
No. Every question is written in-house to the current published syllabus. There are no real exam papers and no shared braindumps.
Will this guarantee I pass?
No. These are study aids to help you practise to the real standard and find your weak areas. Use them alongside the official syllabus and study materials.
Topic tests or the full mock first?
Start with the topic tests to find your weak areas, then sit the full timed mock to confirm you are ready before you book.
How many times can I take the tests?
Lifetime access on Udemy with unlimited retakes, and you get every future update.
What if the course isn't right for me?
Udemy offers a 30-day money-back guarantee on your purchase.
GradePath Learning is an independent education provider and is not affiliated with, endorsed by, or approved by The London Institute of Banking & Finance. CeMAP is a trademark of The London Institute of Banking & Finance, used here only to identify the exam these practice tests prepare you for.