Free GARP RAI Exam Questions

A bank is developing its model risk governance framework to address ML/AI models. What foundational approach should the bank take?

Which type of risk might an organization face if an AI algorithm breaches individual privacy or yields biased results?

A Board of Directors at a global tech firm is considering developing a data-collection AI that could enhance user experience but involves intrusive tracking. According to rule consequentialism, how should they decide?

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?

A tech firm is evaluating different models for an NLP project requiring high computational efficiency and parallel processing. Why might transformers be more suitable than RNNs for this task?