Last Updated: Sep 18, 2026
No. of Questions: 359 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Operational Risk | 20% | - Risk Identification & Assessment - Capital Requirements & Advanced Measurement Approaches - Definition & Scope - Control & Mitigation Techniques |
| Market Risk | 15% | - Interest Rate, Equity, FX & Commodity Risk - Value-at-Risk (VaR) & Stress Testing - Market Risk Factors & Drivers - Regulatory Capital for Market Risk |
| Counterparty Risk | 15% | - Credit Value Adjustment (CVA) & Wrong-way Risk - Netting, Collateral & Margining - Potential Future Exposure - Counterparty Credit Risk Fundamentals |
| Risk Management Frameworks | 20% | - Regulatory Frameworks & Basel Accords - Risk Governance & Culture - Risk Measurement Methodologies - Enterprise Risk Management Principles |
| Credit Risk | 20% | - Loss Given Default & Credit Valuation Adjustment - Credit Risk Concepts - Exposure & Probability of Default - Credit Risk Modeling & Capital Calculation |
| ALM & FTP | 10% | - Asset-Liability Management Principles - Funds Transfer Pricing Methodology & Application - Interest Rate Risk in the Banking Book - Liquidity Risk Management |
For an investor with a long position in market index futures, which of the following is a primary risk:
Correct Answer: A 🗳️
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Which of the following is not one of the 'three pillars' specified in the Basel accord:
Correct Answer: A 🗳️
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A portfolio's 1-day VaR at the 99% confidence level is $250m. What is the annual volatility of the portfolio?
(assuming 250 days in the year)
Correct Answer: A 🗳️
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If the systematic VaR for an equity portfolio is $100 and the specific VaR is $80, then which of the following is true in relation to the total VaR:
Correct Answer: B 🗳️
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If the full notional value of a debt portfolio is $100m, its expected value in a year is $85m, and the worst value of the portfolio in one year's time at 99% confidence level is $60m, then what is the credit VaR?
Correct Answer: D 🗳️
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