Our FRM Question Bank contains more than 3,000 exam-style questions.
AnalystPrep provides you with a comprehensive FRM part 1 and part 2 question bank that is tailored to the FRM exam, designed to teach you all the essentials of the stressed topics that will make up the curriculum of the test.
In each topic expected of you on the FRM exam, several hundreds of questions tailored to reflect what you will experience on the official test await you at AnalystPrep. Each topic is separated into chapters that help you organize your study-time into goals that will give you a better idea of how you are progressing through the program, and avoid any chance of study fatigue. You can see whether you produced a correct answer immediately after answering each FRM practice question, so there is no delay in receiving feedback.
This can be achieved in a fraction of the time it would take to comprehend an entire textbook and is laid out you in an easy to follow format that was designed by professionals in the field who hold the certificate bestowed by completing the exam.
The first part of the exam is broken down into four different general topics, and are all assigned different percentages that factor into your overall grade:
Foundations of Risk Management (20%)
Quantitative Analysis (20%)
Financial Markets and Products (30%)
Valuation and Risk Models (30%)
Part 1 of the FRM exam will challenge you on 100 multiple choice questions and is always offered in the morning of either of the two available dates. Pass rates for the first part of the exam average around 50%.
There are several key terms that should be emphasized throughout your study plan for part 1 of the exam:
Modern Portfolio Theory (MPT)
Arbitrage Pricing Theory – APT
Monte Carlo Simulation
Value at Risk – VaR
Generalized AutoRegressive Conditional Heteroskedasticity (GARCH) Process
These terms, theories, and processes will be the most prevalent topics you will come across while taking the test. AnalystPrep’s FRM part 1 question bank makes sure sure that you are familiar with their definition, that you can break down the concepts, that you can retain any equations related to the topic to memorize, and that you are be able to give the right examples.
Structurally, both sections are similar. FRM Part 2 is slightly shorter in terms of questions on the exam, and assesses you based on 80 questions, as opposed to 100 in the previous one. While there may be fewer questions, there are slightly more topics that cover this section of the FRM exam. They include:
Market Risk Measurement and Management (25%)
Credit Risk Measurement and Management (25%)
Operational and Integrated Risk Management (25%)
Risk Management and Investment Management (15%)
Current Issues in Financial Markets (10%)
Furthermore, FRM Part 2 uses the concepts and tools stressed in the first section and expands on them in a more applicable manner. The core terms that many of the questions focus around include:
Conditional Value at Risk (CVaR)
The questions in this section are structured to be realistic, and present you with real-world situations that will challenge your knowledge of risk management concepts, and how you would tackle the issues if you were at a job performing your daily activities.