P1 vs L1/ P2 vs L2

@Nicole Seaman This might be a silly question, but is there any difference between P1 and L1 in the question names? Is it just a name change from 'Part' to 'Level'? In other words, are both P1 and L1 questions relevant for part 1 prep? Thanks!
 

Nicole Seaman

Director of FRM Operations
Staff member
@Nicole Seaman This might be a silly question, but is there any difference between P1 and L1 in the question names? Is it just a name change from 'Part' to 'Level'? In other words, are both P1 and L1 questions relevant for part 1 prep? Thanks!
Hello @sohinichowdhury

There is no difference. They are all Part 1 practice questions. It is just the older questions that are labeled as L1. Off of the top of my head, I will say pre-2012 questions will be labeled with L1. We only leave the practice questions in the question sets if they are still relevant, so there will be practice questions in the forum that are not in the practice question sets if the learning objectives were removed from the curriculum at some point.
 
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