隨著金融行業(yè)的快速發(fā)展，金融風險管理師（FRM）認證逐漸成為了衡量金融從業(yè)者專業(yè)能力和水平的重要標準。對于即將參加FRM考試的考生來說，進行考前模擬題的練習是非常重要的一環(huán)。本文將為大家整理分享一些FRM考前模擬題，并給出相應的建議，希望能夠幫助考生們更好地備考。

一、FRM考前模擬題精選

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

》》》點我咨詢FRM 考試重難點

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.Local Company, a frequent user of swaps, often enters into transactions with Global Bank, a major provider of swaps. Recently, Global Bank was downgraded from a rating of AA to a rating of A, while Local Company was downgraded from a rating of A to a rating of A-. During this time, the credit spread for Global Bank has increased from 20bps to 150 bps, while the credit spread for Local Company has increased from 130 bps to 170 bps. Which of the following is the most likely action that the counterparties will request on their credit value adjustment (CVA)?

A.The credit qualities of the counterparties have migrated, but not significantly enough to justify amending existing CVA arrangements.

B.Global Bank requests an increase in the CVA charge it receives.

C.Local Company requests a reduction in the CVA charge it pays.

D.CVA is no longer a relevant factor, and the counterparties should migrate to using other mitigants of counterparty risk.

5.As a result of the new Basel standards, every bank must now calculate explicit capital charges to cover operational risk using one of three approaches: the basic indicator approach (BIA), the standardized approach (SA), and the advanced measurement approach (AMA). How many of the following statements are true with respect to these operational risk approaches?

I.In practice the AMA is the most stringent approach for operational risk.

II.The most popular method to satisfy the AMA is the loss distribution approach.

III.The AMA allows a bank to build its own operational risk model and measurement system comparable to market risk standards.

IV.BIA is widely used in insurance and actuarial science.

A.One

B.Two

C.Three

D.Four

》》》點我領取FRM 考試模擬題完整版

6.Basel’s 1996 Amendment allows more sophisticated banks with well-established risk management functions to use an internal model-based approach (IMA) for setting market risk capital. Most large banks preferred to use the internal model-based approach because it better reflected the benefits of diversification and led to lower capital requirements. About this capital charge for market risk under the internal models approach (IMA), including 2009 revisions to the original Amendment, each of the following is true except which is not?

A.The value-at-risk (VaR) measure used in the internal model-based approach is calculated with a 10-day time horizon and a 99.0% confidence level; and regulators explicitly stated that the 10-day 99.0% VaR can be calculated as the one-day 99.0% VaR multiplied by the square root of ten; i.e., 10-day 99.0% VaR = one-day 99.0% VaR×sqrt(10)

B.The capital requirement is equal to max[VaR(t – 1), m(c) ×VaR(avg)] SRC, where m(c) is a multiplicative factor with a minimum value of 3, SRC is a specific risk charge, VaR(t – 1) is the previous day’s value at risk, and VaR(avg) is the average value at risk over the past 60 days

C.The capital requirement adds two terms: value-at-risk (VaR) and specific risk charge (SCR). In a corporate bond security, for example, the credit risk is captured by the VaR term and the interest rate risk is captures by the SRC term.

D.The bank’s VaR risk model must contain a “sufficient” number of risk factors and the bank must justify the omission of any risk factors that are otherwise used in pricing (valuation).

二、FRM考前模擬題備考建議

深入理解考點：考生在備考過程中應深入理解FRM考試的各個考點，掌握相關的理論知識和實踐應用。通過模擬題的練習，可以幫助考生檢驗自己對知識點的掌握程度，找出自己的不足之處，并針對性地進行改進。

注重實際應用：FRM考試不僅考察考生的理論知識，還注重其實際應用能力。因此，考生在備考過程中應注重培養(yǎng)自己的實際操作能力，通過模擬題中的案例分析、實際操作等題目，提高自己的解決實際問題的能力。

多做模擬題：模擬題是備考FRM考試的重要資料之一?？忌梢酝ㄟ^多做模擬題來熟悉考試形式和題型，提高解題速度和準確率。同時，模擬題還可以幫助考生了解考試中的難點和重點，為考試做好充分的準備。

合理規(guī)劃時間：考生在備考過程中應合理規(guī)劃時間，確保能夠充分掌握各個考點。同時，也要注意保持良好的作息和心態(tài)，避免因為緊張或焦慮而影響備考效果。

綜上所述，F(xiàn)RM考前模擬題是備考過程中不可或缺的一部分。通過精選的模擬題練習和備考建議的遵循，相信考生們能夠更好地應對FRM考試，取得理想的成績。建議FRM考生們收藏本文，以便隨時查閱和復習。祝愿大家在考試中取得優(yōu)異的成績！

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