Certification objectives can change, so current preparation matters in 2026. ITExamDownload reviews and updates its 2016-FRR practice questions for GARP Financial Risk and Regulation (FRR) Series, and every purchase includes 365 days of free updates.
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GARP 2016-FRR Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Market Risk Management | - Market Risk Measurement
|
| Operational Risk Management | - Operational Risk Framework
|
| Asset and Liability Management | - Balance Sheet Risk Management
|
| Credit Risk Management | - Credit Risk Fundamentals
|
GARP 2016-FRR Exam Questions Answered
The 2016-FRR exam leads to the Financial Risk and Regulation (FRR) Series Certificate certification from GARP (Global Association of Risk Professionals). It is positioned at the Professional level. The exam validates the knowledge and skills expected of candidates preparing for GARP Financial Risk and Regulation (FRR) Series.
Related certifications include:
- FRM (Financial Risk Manager)
The 2016-FRR exam includes 80 (official FRR Series CBT format) questions and allows 175 (CBT official exam format; some third-party sources cite 120 minutes for practice versions). Before test day, divide the available time by the number of questions in a timed practice set to establish a steady per-question pace. If a difficult item starts consuming too much time, mark it for review and move forward instead of losing momentum. A full timed practice session can help you decide when to move on, when to return, and how much buffer to reserve for a final check.
The passing score for 2016-FRR is Not officially published by GARP (approx. ~67.5% in practice references), and the official exam fee is USD 425 (member) / USD 500 (non-member, course registration fee; exam included in registration). Because a retake requires paying the exam fee again, use timed practice results as a readiness check before scheduling your next attempt. If your performance remains inconsistent, continue reviewing weak domains and repeat a timed session before booking the exam.
No strict prerequisite; recommended basic knowledge of banking, finance, or risk management
Eligibility rules can change, so confirm the current requirements on the official exam page before registering.
You can register through the official channels listed below:
The available exam delivery method is Computer-based exam (Pearson VUE OnVUE online proctoring or authorized test centers).
The official training options include:
After reviewing the recommended training, reinforce what you learned with ITExamDownload's 390 practice questions for 2016-FRR.
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The current 2016-FRR outline is organized into 4 top-level domains. The first listed areas include:
- Asset and Liability Management
- Operational Risk Management
- Credit Risk Management
Review the Exam Topics section above for the complete outline and any nested subtopics.
GARP Financial Risk and Regulation (FRR) Series Sample Questions:
A corporate bond gives a yield of 6%. A same maturity government bond yields 2%. The probability of the corporate bond defaulting is 2.5%. In case of default, investors expect to lose 60% of their investment. The risk premium in the credit spread is:
- A. 2.5%
- B. 1.5%
- C. 4.5%
- D. 0.5%
Correct Answer: C 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
For a bank a 1-year VaR of USD 10 million at 95% confidence level means that:
- A. There is a 5% chance that the worst loss would be USD 10 million in a year.
- B. There is a 5% chance that the bank would lose less than USD 10 million in a year.
- C. There is a 5% chance that the least loss would be USD 10 million in a year.
- D. There is a 5% chance that the bank would lose more than USD 10 million in a year.
Correct Answer: D 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
When trading exotic options, one needs to consider the following risks:
I. Spot foreign exchange risks
II. Forward foreign exchange risks
III. Plain vanilla options risks
IV. Option-specific risks
- A. I, III
- B. I, II, III, IV
- C. II, III, IV
- D. I, II, IV
Correct Answer: B 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
Which one of the following four models is typically used to grade the obligations of small- and medium-size enterprises?
- A. Credit scoring models
- B. Historical frequency models
- C. Credit rating models
- D. Causal models
Correct Answer: A 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
A risk manager is analyzing a call option on the GBP with a vega of 0.02. When the perceived future volatility increases by 1%, the call option
- A. Decreases in value by 2.
- B. Increases in value by 0.02.
- C. Increases in value by 2.
- D. Decreases in value by 0.02.
Correct Answer: B 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
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