IMC Practice Test

The IMC Practice Test is a free intermediate-level, 20-minute skill test from Science of Apps. It tests readiness for the CFA UK Investment Management Certificate (IMC) — Unit 1 on the investment environment (UK regulation, ethics and the financial services industry) and Unit 2 on investment practice (economics, quantitative methods, asset classes and portfolio management) — written to the IMC syllabus, FCA rules including the Consumer Duty, Bank of England and FSCS guidance and the CFA Institute Code of Ethics for 2026. The regulation content is UK-specific; the investment content applies worldwide. Score 70% or more on its 20 questions to earn a verifiable IMC Readiness certificate (SOA-IMCI). Every question is based on published standards and research — including Investment Management Certificate (IMC) syllabus (CFA UK), Monetary policy (Bank of England), Consumer Duty (Financial Conduct Authority) — and each answer is explained with its source.

Yes. Science of Apps has a free IMC Practice Test built on the current CFA UK exam outline for 2026 and 2027. It covers the investment environment: regulation and ethics, economics and quantitative methods, asset classes and portfolio management, scores you instantly and issues a verifiable certificate.

Read the four skill areas on this page, then take the 20-minute test online — no fee, course or sign-up. You see every answer explained when you finish. Score 70% or more and you get a IMC Readiness certificate straight away, on screen, as a PDF and by email, with a credential ID anyone can verify.

Yes. The questions are original scenarios written by Science of Apps, and each one is based on a public source you can read: Investment Management Certificate (IMC) syllabus (CFA UK); Monetary policy (Bank of England); Consumer Duty (Financial Conduct Authority); Code of Ethics and Standards of Professional Conduct (CFA Institute); MiFID II and MiFIR (European Securities and Markets Authority); What FSCS covers: investments (Financial Services Compensation Scheme). The source is shown under each question and linked in the answer review. Science of Apps doesn't copy questions from other tests.

Four skill areas with five questions each, drawn from a bank of 10 per area so a retake brings new questions: The Investment Environment: Regulation and Ethics (UK regulators, Market abuse and financial crime and Ethics and consumer protection); Economics and Quantitative Methods (Macroeconomics, Monetary and fiscal policy and Statistics and returns); Asset Classes (Equities, Fixed income and Derivatives); Portfolio Management (Risk and return, Investment approaches and Performance and client needs). Every question is an original scenario written to the 2026–2027 standard, with the published source named under it.

Trainee investment analyst, Junior fund manager or portfolio assistant, Wealth management or private banking associate, Investment operations professional and Graduate entering asset management. It suits anyone who wants a quick, verifiable way to show IMC Investment Management Certificate knowledge in 2026 and 2027, from students and career switchers to experienced professionals.

Two computer-based exams. Unit 1 (Investment Environment) has 85 questions in 1 hour 40 minutes; Unit 2 (Investment Practice) has 105 questions in 2 hours 20 minutes. Both use multiple choice, item sets and gap-fill questions and are graded pass or fail.

The IMC is a widely recognised entry-level UK qualification for investment management, and it meets the FCA's appropriate qualification requirement for some investment roles. Many people take it before or alongside the CFA Program.

No. It is an independent practice test written to the publicly available IMC Investment Management Certificate content outline for 2026 and 2027, for checking your readiness before you book the real exam. Passing earns a Science of Apps certificate rather than the official credential.

Yes. The test is online, in English and free everywhere — people take it from India, the US, the UK, Europe, Africa, Latin America and Asia-Pacific. Your certificate is dated with your own local date and can be verified from anywhere at scienceofapps.com/certification/verify/.

20 questions — 5 from each of 4 skill areas — with a 20-minute limit. You need 70% (14 of 20) to pass and 90% for distinction.

We rate it Intermediate: assumes hands-on experience in the role. It has 20 scenario questions — 5 from each of 4 skill areas — and a 20-minute limit. You need 70% (14 of 20) to pass and 90% for distinction.

Nothing. There is no fee to take a test, to receive the certificate, to have it emailed or to verify it, and no sign-up.

On our server, not in your browser. The answers never reach the page until you submit, so a certificate can only be earned by passing. Each certificate gets a unique credential ID stored by Science of Apps.

You see your score for each area and every question with the correct answer and why, with the published source behind it. You can retake after 30 minutes, and the retake draws questions you haven't seen yet.

No. Every certificate is dated, so it always shows when you passed. Retake a test any time for a newer date or a higher score.

Yes. After you pass, Add to LinkedIn opens the Licenses & certifications form with the certificate name, Science of Apps as the issuer, the issue date, your credential ID and the verification link filled in. You can also download it as a PDF or PNG, and it's emailed to you as a PDF.

Every certificate has a credential ID and a QR code. Scanning it, or entering the ID at scienceofapps.com/certification/verify/, shows the holder's name, the certification, the score and the issue date from our records.

No. They are Science of Apps' own assessments of applied skill. They aren't issued by a university or standards body, and they work best alongside a portfolio that shows the skills in real work.