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: Feb 18, 2026

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Question 1

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

A : Create an entirely new framework specific to AI/ML.

B : Build upon its existing model risk framework while adapting to new challenges from AI/ML.

C : Exclude traditional models from the risk framework.

D : Focus solely on AI/ML ethical aspects without considering statistical issues.

Answer: B

Question 2

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

A : Existential risk

B : Operational risk

C : Reputational and regulatory risk

D : Environmental risk

Answer: C

Question 3

A generative AI provider in China is designing its service to align with Chinese regulations. What is a key obligation it must meet under the Generative AI Measures?

A : Ensure all content generated is free from any factual errors.

B : Prioritize content generation for government-endorsed topics only.

C : Prevent the generation of illegal and discriminatory content, respecting privacy rights.

D : Avoid transparency in algorithm usage to maintain competitive advantage.

Answer: C

Question 4

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

A : Create an entirely new framework specific to AI/ML.

B : Build upon its existing model risk framework while adapting to new challenges from AI/ML.

C : Exclude traditional models from the risk framework.

D : Focus solely on AI/ML ethical aspects without considering statistical issues.

Answer: B

Question 5

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 : Defining resilience as a measurable trait

B : Avoiding direct discrimination

C : Ensuring grades remain the sole basis for admissions

D : Guaranteeing equal admissions for all applicants

Answer: A

Page: 1 / 66

Total 330 Questions | Updated On: Feb 18, 2026

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