Free GARP RAI Exam Questions

A financial institution is creating a model inventory. Which of the following should be included to ensure comprehensive governance?

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

An admissions committee decides to incorporate a measure of resilience alongside grades in its AI-based selection criteria. Which challenge is the committee likely to face with this approach to individual fairnes

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?

A data scientist is tuning the ridge regression model’s hyperparameter, λ, to control the trade-off between model fit and complexity. If λ is set too high, what effect is most likely?