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2016-FRR Exam Questions & Answers

Financial Risk and Regulation (FRR) Series  •  GARP

387 Questions 120 min Updated Sep 2026 99% Pass Rate
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Sample 2016-FRR Questions

Practice with real exam-style questions, each with the verified correct answer and explanation.

Q1 MultipleChoice

It is commonplace for the sellers of a single-name Credit Default Swap to post collateral to the buyer. What determines the amount of collateral posted?

Correct Answer: D
Q2 MultipleChoice

Which one of the following four examples would not be considered a typical source of market risk?

Correct Answer: C
Q3 MultipleChoice

A risk manager has a long forward position of USD 1 million but the option portfolio decreases JPY 0.50 for every JPY 1 increase in his forward position. At first approximation, what is the overall result of the options positions?

Correct Answer: B
Q4 MultipleChoice

What is a common implicit assumption that is made when computing VaR using parametric methods?

Correct Answer: C
Q5 MultipleChoice

Which one of the following four statements best describes challenges of delta-normal method of mapping options positions?

Delta-normal method understates

Correct Answer: C

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Frequently Asked Questions

The 2016-FRR is a certification exam offered by GARP that focuses on financial risk management and regulatory frameworks. It is designed for professionals working in risk management, compliance, banking, and financial services who want to demonstrate their expertise in financial regulation and risk assessment.

The exam covers key areas including financial regulation, risk management frameworks, market risk, credit risk, operational risk, and liquidity risk. It also includes topics on governance, internal controls, and compliance with regulatory requirements across different jurisdictions.

The 2016-FRR exam typically consists of multiple-choice questions and is administered over a set time period determined by GARP. The specific passing score and duration may vary, so candidates should consult GARP's official website for the most current examination details.

GARP provides official study materials including textbooks, practice questions, and online learning resources to help candidates prepare. Many candidates also supplement their studies with third-party review courses, study groups, and practice exams to ensure comprehensive preparation.

While specific prerequisites may vary, candidates typically need relevant professional experience in risk management or finance. GARP recommends that candidates have a solid understanding of financial concepts and familiarity with regulatory frameworks before attempting the exam.
Exam Details
  • Exam Code2016-FRR
  • VendorGARP
  • Total Questions387
  • Duration120 min
  • LanguageEnglish
  • Last UpdatedSep 5, 2026
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