marcreaidi
Member
yes and they had an option of i think 2.02 so i just rounded up instead of rounding down .
Exam Feedback November 2020 Part 2 Exam Feedback
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yes and they had an option of i think 2.02 so i just rounded up instead of rounding down .
Anyone remember these questions?
This is right. It is included in GARP practice exam.
This must be the answer. Stratification will reduce the effects of bias in estimated alphas across the categories of firm size and sector.
mattheweidinger
Active Member
It seems to me that from the October and, so far, the November comments the qualitative questions tend to dominate in terms of quantity and were more difficult. For those who wrote the part 2 exam - can you speak to the following:
-What was the split between quantitative and qualitative questions? Roughly speaking...
-What type was more difficult - quantitative or qualitative
-What prep questions prepared you most for both types? GARP prep exams? GARP online question bank? BT? Other???
-What was the split between quantitative and qualitative questions? Roughly speaking...
-What type was more difficult - quantitative or qualitative
-What prep questions prepared you most for both types? GARP prep exams? GARP online question bank? BT? Other???
Razi
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Razi
Member
What is anyone's guess regarding the passing marks or rate this time? Would it be affected by so many defferals?
I think that it was about 65/35% quali/quant.
The qualitative, apart from minor exceptions on the quant, were definitely trickier.
There was a lot of qualitative questions that mixed different topics.
I would really like to know that too. From what I read, on the October test they seem to have had more deferrals and maybe the mean will be upward biased from having only the ones that were more prepared attending to the exam.
Here in Brazil, there is only one test site, and there were 15 people on the room only. I would expect garp to get the pass rate higher for it to be fair, since we probably had only the ones that were better prepared actually showing up on exam day, like they had in October.
So I really cant say if the 50/52 mark will be enough like it was in past years.
Razi
Member
Is just me or are these Feedback threads actually very inactive compared to previous year? 
Hello @Razi,Is just me or are these Feedback threads actually very inactive compared to previous year?
Yes, but since there were so many deferrals and postponements to January and May, I did expect that the feedback threads would not be as active in October and November. I'm sure there were probably a number of people who did not show up to the exam if they were not able to defer because they did not want to take the chance with the virus. This entire year has caused so many changes just with the way that we have to do things here at BT, and I know it has affected the candidates greatly also. Let's hope that 2021 is a bit less hectic (and healthy!) for everyone!
s.yerbooty
New Member
I found the exam fairly doable, the level of difficulty was comparable to the Garp practice-exam. Some of the more text-dense questions were tricky, hope I haven't fallen into too many traps there.
Overal I wonder how closely aligned the exam is to the weightings of the sections in the curriculum. Only 3 questions seemed to relate to the 'Current Issues in Financial Markets' section, whereas a topic like Raroc was appearing in 3 different questions.
Garp managed to find a very nice spot in Amsterdam, a majestically large, monumental hall accomodating only 15 contestants or so and noticeably well ventilated, which felt a bit chilly but hopefully safe from the virus.
Regarding the passing-score: should the scores be higher than average, I think (hope at least) Garp will also account for the fact that the attendance was lower and that the people who did show up were probably fairly well prepared, rather than conclude that the exam was perhaps too easy and raise the passing-score. So the percentage passing the exam may be higher than average.
Overal I wonder how closely aligned the exam is to the weightings of the sections in the curriculum. Only 3 questions seemed to relate to the 'Current Issues in Financial Markets' section, whereas a topic like Raroc was appearing in 3 different questions.
Garp managed to find a very nice spot in Amsterdam, a majestically large, monumental hall accomodating only 15 contestants or so and noticeably well ventilated, which felt a bit chilly but hopefully safe from the virus.
Regarding the passing-score: should the scores be higher than average, I think (hope at least) Garp will also account for the fact that the attendance was lower and that the people who did show up were probably fairly well prepared, rather than conclude that the exam was perhaps too easy and raise the passing-score. So the percentage passing the exam may be higher than average.
Fingers crossed here for them to do that!
Thanks. What about the screen that the question say? I don't remember exactly, what i selected screen or sfratification. . .
marcreaidi
Member
that screening is straight forward , i put that as the answer
I added.
1- One in which both sides are exposed to wrong way risk
2- Calculation cox. 2,89 answer
3- Calculation ho-lee. think answer was 55 pb.
4- DtD (LN (MV/FV)/desv)
5- BCVA - 410000 answer
6- One with PD*-PD*EAD*LGD ... think was 8,3 the answer
7- stress var
8 - libor (answer was binding ...
9 - one that the answer was long coupon and short variable rate
10- Unexpected loss.
11- RAROC
12- ARAROC
13- one that you have to select directly doing the Return - CAPM return. Select the one ith highest alpha
14- collateral. select the one with the threshold small and margin perior small (the left one on the table provided)
15. Asset allocation 0.32%
16. Ccp select the one which total net exposure
17. Screen stratification
18. Adjusted duration gap 1.68?
19. Regression hedge calculation
20. Manager invest their own wealth
21. Super, Unsupervised ml Explanation
22. Mean reversion
23. Climate risk Explanation
24.Money laundering correspondent banking
25. Volatility smile Explanation
26. Psa / smm Calcaulation and select highest
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Hmm, then i think i choosed stratification. . .
What is the right answer?
Simon SMN in S
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Albertikos
Member
26. was the smm with 0,65 the answer?
Razi
Member
Well among the two SMM options yes that was it. But I selected this one because I forgot how to apply the PSA formula and so didn't even check those two so cant say!
marcreaidi
Member
Was that the higher or lower of the two smm options ?
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