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R02 Investment Principles and Risk Mock Exam & Question Bank (2026/27)

Pass R02 on your first try. Practise 500+ exam-style questions, sit timed mocks in the real CII format, and let AI pinpoint the learning outcomes you need to work on.

โœ“Timed mocks in the real format: 100 questions (72 standard and 28 multiple-response) in 2 hours
โœ“Every question mapped to the 9 official R02 learning outcomes
โœ“Multiple-response questions, marked all-or-nothing like the real exam
R02 Practice DemoR02
Question 1 of 3

Apart from expectations that interest rates will fall, which factor can cause the yield curve to invert?

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The Problem

Stop Guessing. R02 Needs 65%.

R02 has 100 questions (72 standard and 28 multiple-response) in 2 hours. You need 65% to pass, and the 28 multiple-response questions only score if you pick every correct option.

Problem 1

How do you prepare for multiple-response questions? One missed option loses the whole mark, and study-text questions rarely practise this style.

Problem 2

How do you find your weak learning outcomes in a long CII study text? Without analytics, you waste time on topics you already know.

Problem 3

How do you keep up with the tax year? R0 exams sat from 1 September 2026 use 2026/27 rates and allowances, so older mock papers can teach you the wrong numbers.

The Solution

ExamDen.uk Gets You R02-Ready.

We don't just give you questions. We give you a data-driven path to passing R02, built around the official learning outcomes.

  • โœ“Timed R02 mocks with a pass/fail result against the 65% pass mark
  • โœ“AI Weakness Engine pinpoints the learning outcomes you need to revisit
  • โœ“Multiple-response questions marked the same all-or-nothing way as the real exam

The Syllabus

Where the R02 Marks Are

The official test specification shows roughly how many questions each learning outcome is worth. ExamDen uses the same learning outcomes as chapters, so you can focus on the areas that carry the most marks.

  1. LO1Analyse the characteristics, inherent risks, behaviour and correlation of asset classesโ‰ˆ28 Qs
  2. LO2Understand the macro-economic environment and its impact on asset classesโ‰ˆ6 Qs
  3. LO3Understand the merits and limitations of the main investment theoriesโ‰ˆ7 Qs
  4. LO4Apply the principles of the time value of moneyโ‰ˆ3 Qs
  5. LO5Analyse and explain the nature and impact of the main types of risk on investment performanceโ‰ˆ5 Qs
  6. LO6Analyse the characteristics, inherent risks, behaviours and relevant tax considerations of investment productsโ‰ˆ22 Qs
  7. LO7Apply the investment advice processโ‰ˆ11 Qs
  8. LO8Understand the principles of investment planningโ‰ˆ8 Qs
  9. LO9Analyse the performance of investmentsโ‰ˆ10 Qs

Source: CII examination guide. The number of questions per learning outcome can vary by about ยฑ2 between papers.

How It Works

Our AI-powered platform transforms your exam preparation with intelligent analysis and personalised practice.

AI Feature

AI-powered recommendation engine

After every mock exam, our AI analyses your results, identifies weak learning outcomes, and automatically builds personalised quizzes to close your knowledge gaps fast.

  • Targeted practice generated in seconds
  • Continuously adapts as you improve
  • Maximises score gains with minimal time
Study Mode

Instant feedback & explanations

Learn as you practise. Get immediate right/wrong feedback on every question, with a clear explanation that ties back to the official learning outcome.

  • Immediate feedback that accelerates learning
  • Concise explanations for every question
  • Reduce time spent reviewing mistakes
Exam Mode

Realistic exam simulation

Practise under real exam conditions. Simulation Mode mirrors official timing, question counts, case studies and multiple-response questions, with results revealed only at the end.

  • Matches official timing, structure and pass marks
  • Answers revealed only after submission
  • Train under real pressure to boost readiness
Study Mode

Practice by chapter

Every question is mapped to an official learning outcome. Target your specific weaknesses and build mastery one outcome at a time.

  • Focus on the learning outcomes you need to improve
  • 10 random questions per chapter with instant feedback
  • Build mastery one topic at a time
Analytics

Track your progress

See your performance by learning outcome and watch your weakest areas improve over time.

  • Visual performance breakdown by chapter
  • Identify weak areas that need more practice
  • Monitor improvement trends over time
Cheat Sheet

Quick Guide

A handy summary of every chapter at a glance, with the key facts, rules and figures. Perfect for a final review before exam day.

  • Overview of all chapters in one place
  • Quick reference for key topics and figures
  • Plan your study strategy effectively
Study Mode

Customise your study session

Choose the mode that fits your schedule and goals. Switch anytime to focus on speed, depth or targeted practice.

  • Full Practice Session: Instant feedback & explanations after each answer.
  • Quick Quiz: Perfect for a fast review on your commute.
  • Practice by Chapter: Target specific topics you want to improve.

Extensive & Verified Question Bank

Study with confidence. Our question bank mirrors the style, difficulty and format of the real CII and LIBF exams, with 500+ questions per unit.

Always Up-to-Date Syllabus2026/27

Never study outdated material again. We update every bank for new tax years and syllabus changes, so you're always revising what matters.

Premium Prep, Not Premium Price

Stop overpaying for out-of-date mock papers. Get a better, all-in-one platform for a fraction of the cost of official revision tools.

Don't Just Practise. Prepare the Smart Way.

See how ExamDen.uk gives you an edge over traditional study methods.

Feature
ExamDen.uk LogoExamDen.uk
Traditional Prep (Study Texts & PDFs)
Personalised Study Plan
AI-Powered Weakness Detection
One-size-fits-all approach
Syllabus Accuracy
Updated for every new tax year and syllabus
Static, often out-of-date content
Exam-Style Questions
Multiple-response and case-study questions
Mostly simple single-answer questions
Performance Tracking
Scores by learning outcome over time
No memory of your past performance
Instant Feedback
Clear Explanations for Every Question
Flip to the back of the book
Accessibility
Practise Anytime, on Any Device
Clunky PDFs or Heavy Books
Free Resit Extension
Included with every plan
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Don't Just Take Our Word For It

Real results from UK finance and insurance professionals who passed with ExamDen.uk.

Student name

Trainee mortgage adviser ยท Passed CeMAP

โ˜…โ˜…โ˜…โ˜…โ˜…
"[Placeholder review] Replace with a genuine review from a CeMAP student before launch."

Student name

Paraplanner ยท Passed R01

โ˜…โ˜…โ˜…โ˜…โ˜…
"[Placeholder review] Replace with a genuine review from an R0 student before launch."

Student name

Claims handler ยท Passed IF1

โ˜…โ˜…โ˜…โ˜…โ˜…
"[Placeholder review] Replace with a genuine review from a Cert CII student before launch."
โ˜…X.Xaverage across all exams
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Choose Your Plan

Pick your qualification, then the units you're sitting.

  • One-time payment
  • No subscriptions
  • VAT included

Includes all 5 units

  • R01 Financial Services, Regulation and Ethics
  • R02 Investment Principles and Risk
  • R03 Personal Taxation
  • R04 Pensions and Retirement Planning
  • R05 Financial Protection

12 months access ยท One-time payment ยท VAT included

Free Resit Extension, included with every plan. If you don't pass, you get up to 3 more months of access on ExamDen to prepare for your next attempt. See the conditions.

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Contact Sales

We offer special plans for agencies and teams, including bulk pricing, user management, and team progress tracking.

Other units in this qualification

R01 โ€” Financial Services, Regulation and Ethics
The UK financial services industry, legal concepts, FCA/PRA regulation, the advice framework and professional ethics.
R03 โ€” Personal Taxation
Income tax, CGT, IHT and the taxation of investments for individuals and trusts, based on the 2026/27 tax year.
R04 โ€” Pensions and Retirement Planning
Pension tax rules and allowances, DB and DC schemes, drawing benefits, State Pension and retirement planning.
R05 โ€” Financial Protection
Protection needs, State benefits, life, income protection, critical illness and long-term care insurance.

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R02 FAQs

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