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Free LO 1 sample test — 10 questions with explanations, no account required.
CII R02 · Investment principles and risk
Practice questions built for the R02 exam — learning outcome by learning outcome
R02-style multiple choice questions across all 9 syllabus learning outcomes. Scenario-based questions on asset classes, investment products, and portfolio performance — with instant feedback and progress tracking so you revise the way the exam actually tests you.
10 free questions · No account required.
Built for R02 candidates
Whether you are starting the CII Diploma, returning to study, or consolidating investment principles and risk, this resource helps you practise the way R02 is assessed.
Exam-format questions
Standard multiple choice with four options (a–d) — the same core format as the R02 paper.
Syllabus aligned
All 9 learning outcomes from the CII R02 specification — asset classes, products, advice, planning, 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 R02 learning outcome is available as its own practice test. All 100 exam questions are allocated across these nine outcomes. Browse all learning outcomes to see which are free or locked.
Full R02 practice exam
100 questions across all learning outcomes — the same length as the real exam
- All 9 learning outcomes
- Weighted to the syllabus
- Exam conditions
LO 1 — Asset classes
Syllabus outcomes 1.1–1.2
- Equities, bonds, cash and property
- How asset classes behave together
- Asset allocation
LO 6 — Investment products
Syllabus outcomes 6.1–6.2
- Direct and indirect investment
- Collectives and other products
- Risks, behaviour and tax
LO 9 — Investment performance
Syllabus outcomes 9.1–9.2
- Benchmarks and performance
- Portfolio review
LO 7 — Investment advice process
Syllabus outcomes 7.1–7.2
- Know your client
- Asset allocation and risk profiles
LO 8 — Investment planning
Syllabus outcomes 8.1–8.3
- Asset allocation approaches
- Portfolio construction
- Platforms
LO 3 — Investment theories
Syllabus outcomes 3.1–3.3
- Investment theories
- Diversification and hedging
- Behavioural finance
LO 2 — Macro-economic environment
Syllabus outcomes 2.1–2.3
- Economic trends and indicators
- Monetary and fiscal policy
LO 5 — Investment risk
Syllabus outcomes 5.1–5.2
- Main types of investment risk
- Impact on performance
LO 4 — Time value of money
Syllabus outcomes 4.1–4.2
- Compound interest and discounts
- Real and nominal returns
How it works
Three steps — no complicated setup.
What other R02 candidates say
Early feedback from people using the site to prepare for their exam.
“LO 5 alone is nearly a third of the paper. Being able to drill regulators, principles, and enforcement separately — then sit a full 100-question exam — has made my revision much more focused.”
“The scenario questions feel closer to the real paper than generic compliance quizzes I tried elsewhere. I use the progress screen to see which learning outcomes I keep getting wrong.”
“Ethics and SM&CR used to blur together for me. The learning-outcome tests helped me learn the syllabus structure, and the explanations after each answer are what make it useful — not just a score.”
Try a free sample
10 free R02-style questions with explanations — no account required. the monthly plan unlocks every learning outcome and the full 100-question exam.
Try a free sample
10 free questions · No account required.