Free GARP RAI Exam Questions

Question 1

A critical infrastructure provider in the U.S. wants to ensure responsible AI deployment to enhance service reliability. How should the provider proceed under guidance from the AI Safety and Security Board (AISSB)?

A : Only focus on AI deployment in non-critical areas to minimize risk.

B : Deploy AI solutions that solely increase service efficiency without security considerations.

C : Limit AI usage to what is already industry-standard to avoid compliance issues.

D : Implement recommendations from the AISSB to address AI-related disruptions to critical services, protecting national security and public health.

Answer: D

Question 2

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 3

A government agency uses an AI system to determine eligibility for welfare benefits but faces public concerns about fairness due to its black-box nature. What is the best step to increase transparency?

A : Provide simplified output without explanation

B : Implement model-agnostic interpretability techniques

C : Replace the system with manual processing

D : Use the system without public disclosure

Answer: B

Question 4

A data scientist is tuning the ridge regression model’s hyperparameter, λ, to control the trade-off between model fit and complexity. If λ is set too high, what effect is most likely?

A : The model will overfit the data

B : The model will be underfit, as coefficients are heavily penalized

C : The model will become equivalent to OLS regression

D : The model will ignore the penalty term entirely

Answer: B

Question 5

A critical infrastructure provider in the U.S. wants to ensure responsible AI deployment to enhance service reliability. How should the provider proceed under guidance from the AI Safety and Security Board (AISSB)?

A : Only focus on AI deployment in non-critical areas to minimize risk.

B : Deploy AI solutions that solely increase service efficiency without security considerations.

C : Limit AI usage to what is already industry-standard to avoid compliance issues.

D : Implement recommendations from the AISSB to address AI-related disruptions to critical services, protecting national security and public health.

Answer: D