Test your basic knowledge |

FRM Foundations Of Risk Management Quantitative Methods

  • 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. SER

2. Variance of sample mean

3. Multivariate probability

4. Unconditional vs conditional distributions

5. Variance of X+Y assuming dependence

6. Persistence

7. Sample mean

8. ESS

9. Discrete random variable

10. Two ways to calculate historical volatility

11. Shortcomings of implied volatility

12. Variance of X+b

13. Simulation models

14. Economical(elegant)

15. Time series data

16. Beta distribution

17. Exact significance level

18. Variance of aX

19. Variance of X+Y

20. Inverse transform method

21. Reliability

22. Standard error for Monte Carlo replications

23. Variance of aX + bY

24. Hazard rate of exponentially distributed random variable

25. Panel data (longitudinal or micropanel)

26. Priori (classical) probability

27. Confidence interval (from t)

28. Heteroskedastic

29. Statistical (or empirical) model

30. Stochastic error term

31. Perfect multicollinearity

32. Unbiased


34. Implied standard deviation for options

35. Two requirements of OVB

36. T distribution

37. Binomial distribution equations for mean variance and std dev

38. Deterministic Simulation

39. Pooled data

40. BLUE

41. Efficiency

42. Key properties of linear regression

43. Sample correlation

44. Test for unbiasedness

45. Sample covariance

46. Unstable return distribution

47. Homoskedastic

48. Adjusted R^2

49. Standard variable for non - normal distributions

50. Covariance calculations using weight sums (lambda)