Free GARP RAI Exam Questions

Question 1

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 : Automation bias

B : Explicit bias

C : Implicit bias

D : Cognitive bias

Answer: C

Question 2

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

A : Only the model’s purpose and validation report.

B : Model owner, but not developer information, for clarity.

C : A description of model assumptions but not its risk classification.

D : Model owner, purpose, methodology, assumptions, limitations, and risk tier.

Answer: D

Question 3

A risk manager is evaluating an NLP-based sentiment analysis model that uses dictionary approaches across multiple datasets. He notices inconsistent results when analyzing different document types. What could explain this inconsistency?

A : The dictionary approach is ineffective for NLP applications

B : The dictionary approach requires separate datasets for each document

C : The dictionary's effectiveness is limited by the document type and language style

D : The dictionary approach is too complex for real-world use

Answer: C

Question 4

A game developer uses a multi-arm bandit model to recommend different in-game offers to players. The model tracks which offers players respond to and adjusts future recommendations accordingly. In MAB terms, what is the purpose of the "policy" in this context?

A : To measure player engagement levels

B : To maximize expected future rewards by recommending the best offers

C : To randomly assign offers to players without any learning

D : To ensure a fixed sequence of offers is presented to each player

Answer: B

Question 5

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 : Automation bias

B : Explicit bias

C : Implicit bias

D : Cognitive bias

Answer: C