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: Apr 03, 2026
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Question 1

An insurance company uses two different AI models for policy approval, one for Group A and another for Group B. The confusion matrices for each group are as follows:Group A Confusion Matrix:True Positives: 50False Positives: 10False Negatives: 40True Negatives: 90Group B Confusion Matrix:True Positives: 30False Positives: 20False Negatives: 70True Negatives: 80What fairness technique should the company use to balance the performance between the two groups?


Answer: D
Question 2

In an effort to understand why certain loan applications were denied, a bank deploys LIME (local interpretable model-agnostic explanations). What is the primary advantage of using LIME?


Answer: B
Question 3

You are given the following feature vector and statistical parameters:Feature Vector: [1, 3.6, 9, 10]Mean: 5Variance: 2.89What is the standardized feature vector?


Answer: A
Question 4

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


Answer: D
Question 5

An insurance company uses two different AI models for policy approval, one for Group A and another for Group B. The confusion matrices for each group are as follows:Group A Confusion Matrix:True Positives: 50False Positives: 10False Negatives: 40True Negatives: 90Group B Confusion Matrix:True Positives: 30False Positives: 20False Negatives: 70True Negatives: 80What fairness technique should the company use to balance the performance between the two groups?


Answer: D
Page:    1 / 66      
Total 330 Questions | Updated On: Apr 03, 2026
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