Maintained and Updated as of 2023
Practice Quiz presents 75+ questions for Financial Risk Certification exams
The Financial Risk Manager (FRM) certification exam is administered by the Global Association of Risk Professionals (GARP) biannually in May and November. The exam is oriented to those interested in careers involving managing risk, money, and investments. The exam is administered in two parts and the entire exam period is 4 hours long. Part I contains 100 multiple choice questions and Part II contains 80 multiple choice questions. Exam results are either “pass” or “fail.”
Part I topic breakdown:
Part II topic breakdown:
This free practice exam features 94 essential questions that will help you not only review key risk management concepts, but also familiarize yourself with the FRM exam format.
Disclaimer: This content is provided for informational purposes only. It has not been edited, fact checked or updated. This content is neither affiliated nor endorsed by the GARP. These questions were written by a third party test prep company and licensed by PracticeQuiz for use on this site. Please use at your own discretion.
The Financial Risk Manager exam is split into two parts. Part I of the exam contains 100 questions across the following four categories: Foundations of risk management (20%), Quantitative analysis (20%), Financial markets and products (30%), and Valuation and risk models (30%). Part II of the exam contains 80 questions across the following six categories: Foundations of risk management (20%), Quantitative analysis (20%), Financial markets and products (30%), and Valuation and risk models (30%).
Part I and Part II of the Financial Risk Manager exam are each four hours long.
The passing score for the Financial Risk Manager exam varies between 40% and 60%.
Qualified candidates who pass this exam gain professional certification in Financial Risk Management. This exam is designed by the Global Association of Risk Professionals (GARP) in order to assess candidates’ knowledge in Financial Risk Management.
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