R02 Investment Principles and Risk: practice questions and mock exams

The R02 exam

Format

100 multiple-choice questions in 2 hours

Syllabus

2026/27, tax year 2026/2027

Exams sat

1 September 2026 - 31 August 2027

What R02 covers

The syllabus has 9 learning outcomes. The number beside each is how many of the 100 exam questions it usually carries; our mocks use the same weighting.

1. 1Analyse the characteristics, inherent risks, behaviour and correlation of asset classes.28 exam questions
2. 2Understand the macro-economic environment and its impact on asset classes.6 exam questions
3. 3Understand the merits and limitations of the main investment theories.7 exam questions
4. 4Apply the principles of the time value of money.3 exam questions
5. 5Analyse and explain the nature and impact of the main types of risk on investment performance.5 exam questions
6. 6Analyse the characteristics, inherent risks, behaviours and relevant tax considerations of investment products.22 exam questions
7. 7Apply the investment advice process.11 exam questions
8. 8Understand the principles of investment planning.8 exam questions
9. 9Analyse the performance of investments.10 exam questions

Try free R02 sample questions

A few questions on each of the 38 R02 topics, with the answers explained. No account needed.

• Direct investment and cash
• Fixed-interest securities, yields and bond markets
• Equities and company analysis
• Property
• Alternative investments
• The economic environment and business cycles

See all 38 R02 topics

How to revise R02 here

• Practise by learning outcome, chapter or weak area. Every answer explains why each option is right or wrong.
• Sit timed mocks of 100 questions in 2 hours, weighted like the real paper.
• Spaced review brings back the questions you got wrong before you forget them.
• Set your exam date and get a daily plan, plus a readiness score that tells you when you're ready to sit it.
• Works offline on your phone once it's added to your home screen.