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: Jan 05, 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?


Answer: B
Question 2

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?


Answer: C
Question 3

A financial institution is implementing an AI model that uses proxies for loan approval decisions. Which of the following is a potential risk associated with using proxies?


Answer: A
Question 4

Which term best describes a dataset that includes a mix of organized, structured financial data and unstructured text data from customer reviews?


Answer: C
Question 5

During training, an RNN model used for forecasting exhibits extremely high gradients at certain steps, causing instability in learning. Which of the following best describes this problem?


Answer: B
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Total 330 Questions | Updated On: Jan 05, 2026
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