©OGARP teen anecunck nse Harmen ns 2009 FRM Practice Exams 2009 FRM Practice Exams Table of Contents 2005 FRM Level | Practice Exum! - Curididatc Answer Sheet .. 2005 FRM Level | Prartien Fram — Questions 2003 FRM Level | Practice Exam - Answer Key. 2008 FRM Level | Practice Exam ~ Answers & Explanations . 2008 FRM Full Exam FRM Practice Exam |- Candidate Answer Shect ... 2008 FRM Full Exam FRM Practice Exam |— Question: 2008 FRM Full Exam FRM Practice Exam |~ Answer Key 2005 FRM Full Exam FRM Practice Exam I= Answers & Explanations e.uneinenne om 2002 FRM Full Exam FRM Practice Exam Il ~ Candidate Answer Sheet 93 2008 FRM Full Exam FRM Practice Exam Il Questions 2005 FRM Full Exam FRM Practice Exam Il - Answer Key .. E 2008 FRM Full Exarn FRM Practice Exam Il = Answers & Explarations vse 119 Introduction ‘The FRM exam is'9 practice-orlented exami n. Hts questions are derived from a combinetion of theory, as set forth in the core readings, and “real-world work experience. Candidates are expected to understand risk management concepts and approaches and haw they would apply toa risk manager's day-to-day activities. ‘The FRM examination is also 2 comprehansive ex: number of risk management concepts and approaches. Itis very rare thet a risk manager will be faced with an Issue tel van Innmeuiately be slu.ted into one category, in tne real world, 2 risk manager must he able ta identify any number of risk-releted issues and ke able to deal with them effectively. cemination, testing a risk professional on a ‘The 2009 FRM Practice Faas have been developed to aid candidates in their preparation fo- the FRM Bramination injIN5Vember 200° TheiS"Bractice exams are based on a sample ot Uestlots from the 2007 FRM Examination and) are"representative of thé questions that will be in he 2003 FRM Examination. Whereverenécessary and possible, questions, answersvard references have been updstad to better reflect the topics and core readings licted in the 2009 FRM Examination Study Guide. The 2009 FRM Level | Practice Exam and the FRM Full Exam Practice Exams I and ll contain 40 and 50 multiple-choice questions, respectively. Note that the 2009 FRM Level | and Full Examination will consist of 2 morning and afternoon session containing 50 and 20 multiple- choice questions, respectively. The practice exams were designed to be shorter to allow candidates to calibrate their preparedness without bcing overwhelming, Copyright © 2099 Global Asrodation afisk Professionals 1 AIPM reserved.@GARP 2009 FRM Practice Exams ‘The 2009 FRM Practice Exams do not necessarily cover all topics to be tested in the 2009 FRM. Examination. For a complete list of topics and core readings, candidates should refer to the 2003 FRM Examiniation Study Guide, Core readings were selected by the FAM Committee to assist canditates in their review of the subjacts covered by the exair. Questions far tho FRM examination are derived from the “core” readings. It is strongly suggested that candidates review these readings in depth prior to sitting fer the exam. Suggested Use of Practice Exams To maximize the etectivoness of the practice auams, candidates are encouraged te fallow these recommendations: ‘+ Plana date and time ta take each oractice exam. Set dates appropriately ta give sufficient study/review time between each practice exam and prior to the actual exam. * Simulate the test ervironment as closely as possible. ‘Take each practice exam in a quiet place. © Have only the practice exam, candidate anewer cheet, caleulatar, and writing instruments (pencils, erasers) available © Minimize possible distractions from other people, cell pnones and study material. © Allocate 99 min tes for each practice exam and set an alarm to alert you when 0 rrinutes have passed. Complete each exam but note tre questions answered after the 90 minute mark, Follow the FRM caltulawwr policy. You may only use a Texés Instruments BA II Plus (inechieling the BA II Plus Professional) calculator or a Hewlett Packard 12C (including the HP 12C Pletinum) calculator. * After completing each practice exem, © Calculate your score by comparing yavir ancwor cheat with the practice exam answer key. Only include questions completed in the first 90 minutes. 2. Use the pratt Bxahh Afiswers & Seplahations to better|Uderstand correct.and Incorrect ansWers and to identify toptes that require adcitional review, Consult refereri¢ed core feadings to prepare tor exant © Pass/tall status for the actual exam is based on the distribution of scores trom all candidates, co use your scores umly tu gauge yur wn progress and preparecness. (Copyright © 2009 Global Asoc! Allrigts reserved. ion of Fish Profesiunely 22009 FRM Practice Exams 2009 FRM Level | Practice Exam Candidate Answer Sheet 00900009909999099008 00000000009990000008 ©0000000099990000008 00000000008090000000 8000000009099 000009 Q0000O0 0000098000060 80000000000 999000008 ADOHOOOOHOOOO9OOQOOOB dan e¢udnr we a GAARA E SE dee 3 Copysigit: © 2009 Global Assocation of Risk Professionals Allegis resend,