Free MPF Exam Mock Questions & Sample Papers (2026 Examples)
Practice with free MPF Exam sample questions covering key chapters. Includes answers and detailed explanations to help you prepare for the real exam.
Want to know what MPF Exam questions actually look like?
The best way to prepare for any exam is to practice with realistic questions. In this guide, we share 5 free sample questions from different chapters — complete with answers and detailed explanations.
Use these to test your knowledge and identify areas that need more study.
📝 Quick Exam Reminder
- Total Questions: 80 MCQs
- Passing Score: 70% (56 correct answers)
- Time Limit: 2 hours (120 minutes)
- Format: Choose 1 correct answer from 4 options
Sample Question 1: Key Features of MPF System (Chapter 3)
Under the MPF Ordinance, which parties must pay mandatory MPF contributions?
A: Employers
B: Employees
C: Self-employed persons
D: Employers, employees and self-employed persons
Click to reveal answer
✓ Correct Answer: D
Explanation: The MPF Ordinance requires mandatory contributions from both sides of an employment relationship and also from self-employed persons who must contribute for themselves.
Key Concept: Who Must Contribute to MPF?
Understanding contribution requirements is fundamental to Chapter 3:
- Employers: Must contribute 5% of the employee's relevant income (capped)
- Employees: Must contribute 5% of their relevant income (capped)
- Self-employed persons: Must contribute 5% of their relevant income
- Contribution cap: Maximum relevant income is HK$30,000/month
Sample Question 2: Tax Treatment of MPF Contributions (Chapter 3)
For tax purposes, how are an employer's MPF scheme contributions treated?
A: They are 100% tax deductible
B: They are not tax deductible
C: They are tax deductible, up to HK$15,000 each year
D: They are tax deductible, up to 15% of the employees' total annual emoluments
Click to reveal answer
✓ Correct Answer: D
Explanation: Employer MPF contributions qualify as a deductible business expense, but the allowable deduction is capped at 15% of the total annual emoluments paid to employees.
Key Concept: Tax Deductibility
Remember these tax rules for the exam:
- Employer contributions: Tax deductible up to 15% of total employee emoluments
- Employee mandatory contributions: Tax deductible (within limits)
- Voluntary contributions: Different tax treatment applies
💡 Chapter 3 is 45% of the Exam
These two questions are from Chapter 3, which makes up nearly half of the entire exam. Master this chapter thoroughly!
👉 Practice Chapter 3 Questions
ExamPrep.hk's Instant Feedback and Explanation feature helps you understand the concepts better.
Sample Question 3: Investment Restrictions (Chapter 5)
Under the asset investment restrictions, which type of assets is subject to a cap of not more than 70% of the scheme's total assets?
A: Foreign currency
B: Hong Kong dollar forward cooperation
C: Hong Kong dollar assets
D: Hang Seng index constituent stocks
Click to reveal answer
✓ Correct Answer: A
Explanation: Foreign currency exposure is restricted so that such assets may not account for more than 70% of the total assets under the investment limit.
Key Concept: MPF Investment Restrictions
Know these key investment limits for Chapter 5:
- Foreign currency exposure: Maximum 70% of scheme assets
- Hong Kong dollar exposure: Minimum 30% required
- Single issuer limit: Restrictions on concentration risk
- Permissible investments: Must follow MPFA guidelines
ExamPrep.hk's Practice by Chapter mode helps you focus on specific chapters and master the concepts.
Sample Question 4: MPF Intermediary Definition (Chapter 7)
An MPF intermediary refers to a person involved in promoting or selling MPF schemes, and the definition also covers which of the following?
A: A trustee who advises investors
B: An investment manager who advises investors
C: A person who advises clients on constituent funds or approved pooled investment funds of an MPF scheme
D: All of the above
Click to reveal answer
✓ Correct Answer: C
Explanation: Besides selling MPF schemes, the definition also includes anyone who gives advice to clients on constituent funds or approved pooled investment funds within an MPF scheme.
Key Concept: Who is an MPF Intermediary?
This is crucial for Chapter 7 — understand who falls under the intermediary definition:
- Selling/promoting: Anyone who sells or promotes MPF schemes
- Advising: Anyone who advises on constituent funds or APIFs
- Not included: Trustees and investment managers acting in their official capacity
- Registration required: All intermediaries must be registered with MPFA
ExamPrep.hk's AI Focus Areas feature helps you focus your study time on your weakest areas.
Sample Question 5: Regulatory Framework (Chapter 2)
Which body is tasked with registering MPF schemes and supervising how approved trustees administer and manage those schemes?
A: Insurance Authority
B: Mandatory Provident Fund Schemes Authority
C: Securities and Futures Commission
D: Monetary Authority
Click to reveal answer
✓ Correct Answer: B
Explanation: The Mandatory Provident Fund Schemes Authority is the statutory regulator that registers MPF schemes and oversees their ongoing administration and management by approved trustees.
Key Concept: The Regulators
Know the role of each regulator for the exam:
- MPFA: Main regulator — registers schemes, supervises trustees, enforces compliance
- SFC: Frontline regulator for securities-licensed intermediaries
- IA: Frontline regulator for insurance-licensed intermediaries
- MA: Frontline regulator for banking-licensed intermediaries
How to Use Mock Questions Effectively
Simply reading questions isn't enough. Here's how to maximise your practice:
- Time yourself — In the real exam, you have ~90 seconds per question
- Don't peek at answers — Commit to your choice before checking
- Understand the explanation — Don't just memorise answers; learn the underlying concept
- Track your weak areas — Note which chapters need more study
- Practice in exam conditions — No distractions, no breaks
🎯 Want More Practice Questions?
These 5 questions are just a sample. Our platform has hundreds of MPF Exam questions with detailed explanations, chapter-by-chapter practice, and full mock exams that simulate the real test.
👉 Access Full Question BankQuestion Distribution by Chapter
Remember, not all chapters are weighted equally:
| Chapter | Topic | Est. Questions |
|---|---|---|
| Chapter 3 | Key Features of MPF System | ~36 (45%) |
| Chapter 7 | MPF Intermediaries | ~16 (20%) |
| Chapter 5 | MPF Schemes and Investment | ~15 (19%) |
| Chapter 2 | Regulatory Framework | ~5 (6%) |
| Chapter 4 | MPF Trustees | ~4 (5%) |
| Chapter 6 | ORSO Interface Arrangements | ~3 (4%) |
| Chapter 1 | Introduction to MPF | ~1 (1%) |
Focus your practice on Chapters 3, 5, and 7 — they make up 84% of the exam.
ExamPrep.hk's Performance by Chapter mode helps you track your progress and master the concepts.
Next Steps
Ready to continue your preparation?
- Read our Complete MPF Exam Study Guide for a proven study plan
- Check the Passing Score & Exam Format Guide to understand what you're aiming for
- Learn what to focus on in our Chapter 3 Trap Guide
- Ready to book? See our step-by-step registration guide
- Compare study options in our study methods comparison