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: Mar 08, 2026

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Question 1

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 2

A retail bank uses self-training to classify loan applicants as high or low risk, but it finds that updating the model after each new labeled data point is computationally intensive. Which approach can the bank use to reduce this burden?

A : Select multiple best-predicted instances in each round

B : Use an unsupervised learning model instead

C : Increase the complexity of the initial model

D : Use transductive learning instead

Answer: A

Question 3

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 4

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?

A : Maximize the training accuracy

B : Minimize the test set error

C : Control the trade-off between tree size and fit

D : Increase the complexity of the tree

Answer: C

Question 5

What is a primary reason to remove duplicate observations during data cleaning?

A : To improve data storage efficiency

B : To avoid biases in analysis

C : To handle missing data effectively

D : To address inconsistent recording

Answer: B

Page: 1 / 66

Total 330 Questions | Updated On: Mar 08, 2026

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