Free GARP RAI Exam Questions
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GARP RAI Exam Questions
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Provided By: GARP
- Exam: Risk and AI (RAI)
- Certification: GARP Certification
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Total Questions: 330
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Updated On: Jun 04, 2025
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Rated: 4.9 |
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Online Users: 660
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Question 1
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A bank is developing its model risk governance framework to address ML/AI models. What foundational approach should the bank take?
Answer: B
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A bank is developing its model risk governance framework to address ML/AI models. What foundational approach should the bank take?
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Question 2
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A social media platform’s content recommendation algorithm repeatedly suggests similar content to users based on previous interactions, creating a feedback loop that reinforces certain perspectives. What type of algorithmic bias does this illustrate?
Answer: C
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A social media platform’s content recommendation algorithm repeatedly suggests similar content to users based on previous interactions, creating a feedback loop that reinforces certain perspectives. What type of algorithmic bias does this illustrate?
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Question 3
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In cost complexity pruning, a bank uses a parameter, α, to balance the residual sum of squares (RSS) and the number of terminal nodes. What is the primary role of this parameter?
Answer: C
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In cost complexity pruning, a bank uses a parameter, α, to balance the residual sum of squares (RSS) and the number of terminal nodes. What is the primary role of this parameter?
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Question 4
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A retail bank uses self-training to classify loan applicants as high or low risk, but it finds that updating the model after each new labeled data point is computationally intensive. Which approach can the bank use to reduce this burden?
Answer: A
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A retail bank uses self-training to classify loan applicants as high or low risk, but it finds that updating the model after each new labeled data point is computationally intensive. Which approach can the bank use to reduce this burden?
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Question 5
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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
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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?