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Posted by David Gobeil on

The Guide to CFP Examinations published by the FPSC says:

“FPE1 is a competency-based examination of up to four hours in duration. The examination consists of approximately 95 multiple-choice questions. The examination questions will be presented as a combination of stand-alone multiple-choice questions and two case studies with related multiple-choice questions.”

“Candidates must select the most appropriate or best answer from the options provided for the scenario presented in the question. There is only one correct answer for each question, and marks are not deducted for incorrect responses. Each question is worth one point toward the total examination mark.”

“FPE1 is written electronically at computer-based testing facilities. Although FPE1 will be administered on a computer, candidates will be provided with a paper version of the case study scenarios.”

The last offering of the FPE1 examination was four hours in duration and there were a total of 93 multiple-choice questions. There were 73 stand-alone technical questions and two case studies each with 10 questions.

Each question is worth one point toward the total examination mark. However, you require twice as much time to answer a case study question as a technical question.


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