FRM Part II 2026: 887 Practice Questions & 2 Mock Exams

This course contains the use of artificial intelligence.

Build a disciplined FRM Part II study routine with 887 original practice questions organized into four topic tests and two full-length mock exams. The course follows the reading areas and learning objectives in the 2026 GARP FRM Part II curriculum. It is designed for candidates who have studied the underlying material and want to test how they apply it to risk decisions.

Practice the six Part II areas

• Market Risk Measurement and Management: tail losses, dependence, mapping, valuation, interest-rate models and market-risk capital.
• Credit Risk Measurement and Management: lending decisions, credit models, counterparty exposures, clearing and securitization.
• Operational Risk and Resilience: controls, data, continuity, model risk, stress testing, capital and historical cases.
• Liquidity and Treasury Risk Measurement and Management: cash-flow timing, buffers, repos, transfer pricing, currency funding and balance-sheet risk.
• Risk Management and Investment Management: factors, performance, portfolio decisions, private markets, fund liquidity and scenarios.
• Current Issues in Financial Markets: the eight readings assigned for 2026, including AI, private credit, geopolitics, fiscal and monetary policy, crypto, tokenization and digital resilience.

Turn an answer into a useful diagnosis

Every question provides a correct answer, an explanation for each option, an overall explanation and a short study tip. Calculation questions specify the relevant assumptions, units and time horizon. Scenarios ask you to distinguish economic exposure from available cash, conditional loss from expected loss, and model results from the evidence needed to support a decision. Historical regulatory material is identified in its reading context.

The 727 topic questions support focused study across several sessions. The two 80-question, 240-minute mocks each use a 16/16/16/12/12/8 split across the six areas, matching the published approximate domain weights. Complete a mock before reviewing its answers, then use the explanations to identify topics to revisit. The course's 80% practice target is a learning reference, not an official GARP passing score.

These are independently developed learning questions. They are not recalled exam items, official GARP practice questions or a substitute for the assigned readings. The course is not affiliated with, endorsed by or approved by GARP. FRM is a trademark of GARP. It provides practice tests rather than video lessons or a guarantee of passing.