FRM考試一共分為兩級,每一級都有不一樣的側(cè)重點。那么FRM考試該如何去練習呢?其實FRM官方是有模擬題的。下面,小編帶大家找到這些模擬題。
一、FRM官方模擬題在哪找?
首先我們要登陸FRM官網(wǎng),網(wǎng)址www.garp.org,進入GARP首頁,將鼠標箭頭放在導航欄上的FRM,點擊“Study Materials”,進去劃到頁面底部就能看到最新的FRM模擬題了,資料一般分為FRM一級和二級兩部分。金程小編也為大家提前下載了,大家可領(lǐng)取。
FRM一級模擬題
1.At the end of one day a clearinghouse member is long 100 contracts, and the settlement price is $50,000 per contract. The original margin is $2,000 per contract. On the following day the member becomes responsible for clearing an additional 20 contracts, entered into at a price of $51,000 per contract. The settlement price at the end of this day is $50,200. How much does the member have to add to its margin account with the exchange clearinghouse?
A.$40000
B.$20000
C.$16000
D.$36000
2.A company has a $20 million portfolio with a beta of 1.2. It would like to use futures contracts on the S&P 500 to hedge its risk. The index is currently standing at 1080, and each contract is for delivery of $250 times the index. What is the hedge that minimizes risk? What should the company do if it wants to reduce the beta of the portfolio to 0.6?
A.Sell 89 contracts; Sell 44 contracts
B.Buy 89 contracts; Sell 44 contracts
C.Sell 44 contracts; Sell 89 contracts
D.Sell 44 contracts; Buy 89 contracts
3.Which of the following assumptions are made when using DV01 as a measure of interest rate risk?
I.Changes in the interest rates are small.
II.The yield curve is flat.
III.Changes to the yield curves are parallel.
IV.The yield curve is downward sloping.
A.I and III
B.I and II
C.I and IV
D.II and III
4.The term structure of interest rates is upward-sloping. Put the following in order of magnitude:
(a)The 5-year zero rate
(b)The yield on a 5-year coupon-bearing bond
(c)The forward rate corresponding to the period between 5 and 5.25 years in the future
What is the answer to this question when the term structure of interest rates is upward-sloping?
A.c > a > b
B.a > c > b
C.c > b > a
D.b > a > c
5.A 10-year 8% coupon bond currently sells for $90. A 10-year 4% coupon bond currently sells for $80. What is the 10-year zero rate? (Considering continuously compounding)
A.3.27%
B.3.37%
C.3.47%
D.3.57%
官方給出的模擬題題目數(shù)量并沒有很多,但是練習價值還是比較大,之前考試真題中也出到過跟模擬題中考察的知識點及題型相似,因此考生下載道模擬題后一定要認真練習,畢竟是FRM的官方模擬題,一定要把這些題都做完并掌握其中考察的相關(guān)知識點。
二、怎么備考FRM一級?
FRM一級為100道選擇題,考試時間為四小時,平均每道題有2.4min的答題時間,其中以定量題為主,計算量是比較大的,這樣看來做題速度也是非常重要的。
FRM一級考試科目分為四門:風險管理基礎(chǔ)、定量分析、金融市場和產(chǎn)品、估值和風險模型。
考生必須在注冊的四年之內(nèi)通過FRM一級考試,否則注冊就會失效,需要重新繳納注冊費注冊。因此考生最好積極備考,爭取一次性通過考試,歷年考生反映一級的考試難點就在于計算題量比較大,有了這個前提,備考時一定要多刷模擬題,提高自己的做題速度一級答題正確率。
另外,F(xiàn)RM考試選擇題的題干都很長,因此需要考生有一定的英語快速閱讀能力,如果考生英語基礎(chǔ)不太好,在前期也要多花時間學習英語,注意積累金融英語專業(yè)詞匯,這樣后期學習起來會輕松一點。
不管是模擬題還是自己買的題,我們都應該認真的完成,如果那個部分錯誤率比較高,就多花點時間和精力去練習,老師相信大家一定都能取得好的成績。
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