Test your basic knowledge |

FRM Foundations Of Risk Management Quantitative Methods

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Gamma distribution






2. Variance of X+b






3. Simulation models






4. Variance of aX






5. Covariance calculations using weight sums (lambda)






6. Difference between population and sample variance






7. GARCH






8. Multivariate probability






9. Control variates technique






10. Least squares estimator(m)






11. Standard normal distribution






12. Central Limit Theorem(CLT)






13. Two ways to calculate historical volatility






14. Single variable (univariate) probability






15. Standard error






16. Sample correlation






17. Discrete random variable






18. Variance of sampling distribution of means when n<N






19. Law of Large Numbers






20. SER






21. Extreme Value Theory






22. Bootstrap method






23. Reliability






24. Poisson distribution equations for mean variance and std deviation






25. Normal distribution






26. GPD






27. Discrete representation of the GBM






28. T distribution






29. Mean reversion






30. K - th moment






31. Priori (classical) probability






32. Two assumptions of square root rule






33. Adjusted R^2






34. Cholesky factorization (decomposition)






35. Test for unbiasedness






36. Expected future variance rate (t periods forward)






37. Persistence






38. Overall F - statistic






39. Homoskedastic only F - stat






40. Significance =1






41. Antithetic variable technique






42. Cross - sectional






43. Hazard rate of exponentially distributed random variable






44. Unconditional vs conditional distributions






45. Empirical frequency






46. Logistic distribution






47. Sample mean






48. Variance of aX + bY






49. Standard error for Monte Carlo replications






50. Joint probability functions