FRM VIP Certification Practice Exam

FRM — The Financial Risk Manager (FRM) exam is issued by the Global Association of Risk Professionals (GARP) in two parts: Part I covers Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk Models (100 questions, 4 hours); Part II covers Market Risk, Credit Risk, Operational Risk, Liquidity Risk, Risk Management in Investment Management, and Current Issues (80 questions, 4 hours). GARP does not publish an official passing score, but the pass rate historically ranges from 40–60% per part.