Free GARP RAI Exam Questions
Absolute Free RAI Exam Practice for Comprehensive Preparation
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GARP RAI Exam Questions
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Provided By: GARP
- Exam: Risk and AI (RAI)
- Certification: GARP Certification
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Total Questions: 330
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Updated On: Dec 05, 2025
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Rated: 4.9 |
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Online Users: 660
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Question 1
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An investment firm is setting up its model risk management framework. Who is primarily responsible for approving or rejecting models based on validation results?
Answer: C
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An investment firm is setting up its model risk management framework. Who is primarily responsible for approving or rejecting models based on validation results?
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Question 2
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In cost complexity pruning, a bank uses a parameter, α, to balance the residual sum of squares (RSS) and the number of terminal nodes. What is the primary role of this parameter?
Answer: C
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In cost complexity pruning, a bank uses a parameter, α, to balance the residual sum of squares (RSS) and the number of terminal nodes. What is the primary role of this parameter?
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Question 3
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An insurance firm uses a predictive model to detect fraud. In the interest of balancing sensitivity and specificity, which of the following challenges might the firm face?
Answer: A
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An insurance firm uses a predictive model to detect fraud. In the interest of balancing sensitivity and specificity, which of the following challenges might the firm face?
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Question 4
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In a complex organization, what role do model validators play in model risk management?
Answer: C
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In a complex organization, what role do model validators play in model risk management?
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Question 5
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The Chief Technology Officer (CTO) is tasked with implementing AI in recruitment. How should they approach this task from a practical ethics perspective to ensure fair candidate selection?
Answer: B
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The Chief Technology Officer (CTO) is tasked with implementing AI in recruitment. How should they approach this task from a practical ethics perspective to ensure fair candidate selection?