Free GARP RAI Exam Questions

Become GARP Certified with updated RAI exam questions and correct answers

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Total 330 Questions | Updated On: Jan 05, 2026
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Question 1

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
Question 2

A trading firm uses reinforcement learning to determine the best time to buy or sell an asset. They have partial information about the state transitions and aim to maximize long-term profits by identifying the best action in each state. Which reinforcement learning approach is most suitable for this scenario?


Answer: C
Question 3

A social media platform’s content recommendation algorithm repeatedly suggests similar content to users based on previous interactions, creating a feedback loop that reinforces certain perspectives. What type of algorithmic bias does this illustrate?


Answer: C
Question 4

A justice system uses an AI model to predict failure-to-appear (FTA) rates in court. To ensure fairness without explicitly using protected group data, what could be a potential unintended outcome?


Answer: C
Question 5

Which term best describes a dataset that includes a mix of organized, structured financial data and unstructured text data from customer reviews?


Answer: C
Page:    1 / 66      
Total 330 Questions | Updated On: Jan 05, 2026
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