FRM Part II Exam
Timed Exam Mode - Simulated Conditions
The FRM Part II exam is the second of two exams required for the Financial Risk Manager certification from GARP, focusing on the application of risk management tools across market, credit, operational, and liquidity risk.
What does Value at Risk (VaR) measure at a 95% confidence level over a 1-day horizon?
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A
The maximum loss not exceeded with 95% probability over one day
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B
The expected loss averaged over 95 trading days
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C
The minimum gain expected with 95% probability
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D
The average loss over the worst 5% of trading days
Start Full Exam - 80 Questions