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It is possible both is correct in that way GARP will just mark either answer of you on that qns to be correct answer

I think the answer is data are in different legal areas

can anyone ever pass with less than 50%? Never feel so scared after exam!!!

That is one of the very few straight forward qns, just plug in 2 times that eqn. Another easy one is the ES where just average 4 numbers. Unfortunately not many qns like that in the exam!

I think I am got 32 qns I know for sure are right, the rest I think 8 qns with high certainty, so about 40 +- 3, very scared indeed as I am borderline 50% only

60% is a bit stretch for such a crazily hard test!

Anyone remember the question when they ask what percentage of contribution of the manager due to asset allocation? What is the answer you have for that one, is that 0.63 or -0.03?

If I remember correctly there were 6 item sets and at least one of them have 4 qns. I think this is the testing year when they start to put these item sets questions into the exam. For CFA there are a number of questions that are not counted (although you would not know which ones) and were put...

I hope everyone here passed, the fact that we know how to analyze the questions that much and agree on many things show how competent we are with the humongous syllabus of thd l2 FRM. Given the time and exposure to the knowledge, I think we all can make the right choice in real world

omg I missed that part too!

Can't agree more, actually on Analyst Forum, people are saying the same thing! For this kind of exam, the level of difficulty in the Practice Tests and the actual exam is really far apart and the amount of material covered is so much that it becomes pointless no matter how many hours you put in...

actually it is not really opportunity cost! The qns says the bank branch is disrupted and the cost of disruption of service is 10m. Opportunity cost is more like the bank has 2 choices and chose one then lose the other. Here there is no choice.

I found online that operating cost if can reasonably measured should be included but if it is expected cost then it is grey area. Again it is vague question!

could somebody confirm if operating loss is counted in operational risk? The qns says specifically that is loss on normal operation revenue and not expected so this should be counted? Insurance I think definitely is not counted as no options have that amount counted

I dont think pure guessing will net 25% of overall results, maybe the person just pick only B for all the questions but that will surely make him failed the test, I think someone with 45% correct in this exam clearly shows a masters of knowledge, especially those questions which require lots of...

The overspecialization answer is C I believe, very calculative questions with so many steps, I missed one of the step and there is an answer (D) for that!!! Apparently they know how to trick people into wrong answer

How to get that 49500000?

Whether you use sqrt12 or the formula there still lead to same answer as choice C (6 something)

Yes opportunity cost must be included, I think answer is choice D (15 million)

For CFA safe score is 70% but this exam is way harder than CFA and material covered in L2 are more than any single level there and much deeper so I guess 40-45% would be a reasonable pass for this test