Free GARP RAI Exam Questions

A tech firm is developing a model to predict credit risk and wants to reduce testing bias while still evaluating performance. Which approach should it use?

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?

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?

An investment firm is setting up its model risk management framework. Who is primarily responsible for approving or rejecting models based on validation results?

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