FRM May Part II

[kv912]

brother i forgot what i chose for this particular question but i m sure i didnot choose "centralisied database"....as per my logic this question deals with ERM and in ERM its better to have decentralisation as it helps to delegate the risk duties throughout the firm.

if my memory is correct, the question is asking which choice cannot help the risk "aggregation".
a) Centralized database
b) daily reporting with cutoff time
c) independent tested system for each
d) using a unify name and identifier in each system
"tested system" seems to be correct at first sight.
the tricky point is "independent system" make it more difficult to "aggregate " data/risk.

 

[monumonumental]

i think cut off will be 56 to 60 out of 80........what do you all think??????

 

[Jschmelzer]

i think cut off will be 56 to 60 out of 80........what do you all think??????

Sounds pretty close - although I'm hoping more for a 54

 

[Sachin_Shanbhag]

Its not possible for the cutoff to be 54-56 as if that is the case then average of top 5 percent must be 80 out of 80.which is very unlikely.i think cutoff will be less than 50.

 

[maggiewqn]

One more Q is about style analysis. I chose the "pft profit is because of selection attribution rather than asset allocation".

 

[Jschmelzer]

Its not possible for the cutoff to be 54-56 as if that is the case then average of top 5 percent must be 80 out of 80.which is very unlikely.i think cutoff will be less than 50.

Good point Sachin ... I was using the assumption that the 5% for cutoff selection were BT members

 

[AlokS]

Not feeling good...i have more than 12 qns wrong now

 

[LineOfBestFit]

AlokS, I feel your pain. It is at once therapeutic and anxiety-inducing to read these vivid recollections of the answers, realizing that there are some errors. But like a good horror movie, you can't stop watching even though you are scared! I almost feel like it might be better to be out of sight and out of mind until July 2...

 

[monumonumental]

Not feeling good...i have more than 12 qns wrong now

why r u so upset for getting 12 questions wrong only?????FRM is a difficult exam we cannot expect to get 80/80 like high school!!!!!!