Financial Risk Manager (FRM) Part 1 Practice Test (2022)

Prepare yourself well and pass the FRM exam.

Be familiar with the format of FRM exam

Reinforce FRM knowledge

Practise the calculation for FRM exam

Be aware of some tricky questions

What is a Financial Risk Manager (FRM)?

FRM stands for Financial Risk Manager, which is a professional certification accredited by the Global Association of Risk Professionals (GARP). Since the inception of FRM program in 1997, more than 70,000 certified Financial Risk Managers have successfully obtained the designation.

The FRM qualification is considered to be the leading professional certification in the financial risk management area, including banks, insurance companies, asset management companies, and regulatory agencies. To achieve FRM certification, candidates are required to pass a two-part exam and complete two years of work experience in financial risk management.

Earning the FRM certification means an individual has demonstrated that they possess the knowledge, skills and experience that meet the up-to-date standards in financial risk management. FRM holders are expected to boost their job prospects with increased income.

The FRM exam is a two-part computer-based examination, and each part lasts 4 hours with multiple choice questions (100 questions in Part 1, 80 questions in Part 2). Its difficulty is equivalent to a Master’s degree, according to benchmarking done by UK ENIC (European Network of Information Centre of the United Kingdom).

Weights of FRM Part 1 Topics