Practice Quiz

FRM Financial Risk Manager Practice Test

Maintained and Updated as of 2024

Practice Quiz presents 75+ questions for Financial Risk Certification exams

Select how would you like to study

Study Mode Free Daily Question Test Mode

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:

  • Quantitative Analysis (20%)
  • Foundations of Risk Management (20%)
  • Financial Markets and Products (30%)
  • Valuation and Risk Models (30%)


Part II topic breakdown:

  • Market Risk (25%)
  • Credit RIsk (25%)
  • Operational Risk (25%)
  • Risk Management and Investment Management (15%)
  • Current Issues in Financial Markets (10%)

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.

FAQs

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.

Supplemental Test Prep Materials

Question List Mode

Select how would you like to study

Study Mode Free Daily Question Test Mode

Top exams on PracticeQuiz

Author

Ted Chan

Ted Chan

Managing Editor

Ted Chan is the Managing Editor of PracticeQuiz.com. Ted has experience as a journalist and a writer, including editorial or content production roles at ESPN, Better Business Bureau, The Boston Globe, and Forbes. Ted holds a BA from Swarthmore College with High Honors, and a MBA from the MIT Sloan School of Management. Ted also studied at the Harvard Business School, earning a Certificate in Value-based Health Care Delivery.

All content, unless otherwise noted, was created for PracticeQuiz. Let an editor now if you have suggested content edits by emailing us at the support address in the header, or by commenting in the Contribute box above.