Time is money, and exam prep spends both. TestsDumps keeps your 2016-FRR preparation efficient with 390 practice questions covering the GARP Financial Risk and Regulation (FRR) Series objectives — expert-verified, current, and delivered the minute you buy.
GARP 2016-FRR Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Market Risk Management | - Market Risk Measurement
|
| Topic 2: Asset and Liability Management | - Balance Sheet Risk Management
|
| Topic 3: Operational Risk Management | - Operational Risk Framework
|
| Topic 4: Credit Risk Management | - Credit Risk Fundamentals
|
The 2016-FRR Exam and Our Services, Question by Question
GARP recommends the following official training resources:
Choose the format that fits your schedule, then reinforce it with regular question practice.
The latest exam information lists 80 (official FRR Series CBT format) questions for the 2016-FRR exam, to be completed within 175 (CBT official exam format; some third-party sources cite 120 minutes for practice versions) minutes. Knowing the format cold is half the battle — timed practice handles the other half.
These are the core domains of the GARP Financial Risk and Regulation (FRR) Series blueprint:
- Credit Risk Management
- Asset and Liability Management
- Market Risk Management
The remaining domains appear in the full official outline, all of which our bank addresses.
GARP sets the following prerequisites for the GARP Financial Risk and Regulation (FRR) Series: No strict prerequisite; recommended basic knowledge of banking, finance, or risk management.
Check the current requirements on the official certification page before scheduling.
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As of the latest information, the 2016-FRR exam's passing score is Not officially published by GARP (approx. ~67.5% in practice references) and the registration fee is USD 425 (member) / USD 500 (non-member, course registration fee; exam included in registration). GARP can adjust either figure, so verify both on the official site before you book.
GARP Financial Risk and Regulation (FRR) Series Sample Questions:
Which of the following risk measures are based on the underlying assumption that interest rates across all maturities change by exactly the same amount?
I. Present value of a basis point.
II. Yield volatility.
III. Macaulay's duration.
IV. Modified duration.
- A. I and II
- B. I, III, and IV
- C. I, II, and III
- D. I, II, III, and IV
Correct Answer: B 🗳️
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Which one of the following financial instruments is subject to implied volatility price risk?
- A. Swaps
- B. Forwards
- C. Options
- D. Bonds
Correct Answer: C 🗳️
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Which one of the following is an advantage of using a daily decay factor when forecasting tomorrow's P&L?
- A. It increases the impact of low volatility events that occurred during similar historic situations
- B. It gradually lessens the impacts of extreme returns on the forecast
- C. It increases the impact of high returns independent of date on the forecast
- D. It decreases the impact of recent high volatility on the forecast
Correct Answer: B 🗳️
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Changes to which one of the following four factors would typically not increase the cost of credit?
- A. Higher risk premium on a fixed income instrument.
- B. Increasing inflation rates in a country.
- C. Increase in consumption of goods and services.
- D. Higher return earned on alternative investments.
Correct Answer: C 🗳️
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Which one of the following statements regarding collateralized mortgage obligations (CMO) is incorrect?
- A. CMOs are asset-backed securities that have pools of collateralized debt obligations (CDOs) as underlying collateral.
- B. CMOs are pools of mortgages that are divided according to the timing of cash flows.
- C. CMOs are generally less risky investment than CDOs.
- D. CMOs have senior tranches which are considered short-term, low-risk instruments by banks
Correct Answer: A 🗳️
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