Sample questions — LO 1 | IF1 Past Papers

Free samples · 2 tests per 24 hours

Learning outcome 1 — Nature and main features of risk

Sample questions (syllabus 1.1–1.7)

Try 10 IF1-style multiple choice questions covering risk perception, risk management, categories of risk, frequency and severity, and peril versus hazard. Guests get 2 free sample tests every 24 hours on LO 1 — a study pass unlocks unlimited practice and the readiness test.

  • 1.1 Concepts of risk and risk perception
  • 1.2 Risk management function and process
  • 1.3–1.4 Categories of risk / insurable vs uninsurable
  • 1.5–1.7 Components of risk, frequency/severity, peril and hazard

Free allowance: 2 LO 1 sample tests per 24 hours. A study pass unlocks unlimited practice and the readiness test.

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Learning outcome 1 — Nature and main features of risk

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One-time study passes

Unlock every learning outcome and the full IF1 practice exam

You've seen how the questions work. Get a study pass for unlimited fresh MCQs across the entire IF1 syllabus.

  • All 14 learning outcomes plus unlimited full 100-question practice exams
  • Fresh questions every time — never repeat a paper
  • Instant explanations after each answer, just like this sample
  • Progress dashboard tracking your scores by learning outcome and topic
  • Learning outcome 1 stays free with your account — no card needed to keep practising here
Unlock all learning outcomes