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

Which of the following scenarios represents a binary classification problem?

A : Predicting the probability of different stock prices

B : Forecasting next month’s sales in dollars

C : Determining if a transaction is fraudulent or legitimate

D : Grouping customers into three income tiers

Answer: C

Question 2

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

A : Model developers

B : Internal auditors

C : Senior management

D : Model validators

Answer: C

Question 3

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 4

Which of the following scenarios represents a binary classification problem?

A : Predicting the probability of different stock prices

B : Forecasting next month’s sales in dollars

C : Determining if a transaction is fraudulent or legitimate

D : Grouping customers into three income tiers

Answer: C

Question 5

What is a primary reason to remove duplicate observations during data cleaning?

A : To improve data storage efficiency

B : To avoid biases in analysis

C : To handle missing data effectively

D : To address inconsistent recording

Answer: B

Page: 1 / 66

Total 330 Questions | Updated On: Jan 05, 2026

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