Test Taking Strategy - Penalized for Incorrect Answers?

[mlondono]

I couldn't find any threads as to whether one is penalized for incorrect answers on the FRM exam. If someone could shed some light of the subject, I'd appreciate it. Thxs.

Mike

 

[David Harper CFA FRM]

Hi Mike - GARP does NOT penalize for guesses:

"Will the FRM Exam Part I or Part II be graded or treated differently from the traditional FRM Exam?
A: No. The FRM Exams will not be graded any differently than the traditional FRM Exam. Candidates will continue to receive their results as pass or fail. The passing scores will still be determined based on a ratio of the absolute score to the average of the top 5% of candidate test results. No penalty is assessed for a wrong answer. We will continue to provide you with an analysis of your scores as compared to your peers that took the FRM Exam"

source: http://www.garp.org/frm/overview/faqs/general-frm-examination-questions.aspx

 

[mlondono]

Thanks for the prompt reply, David