FRM PART II MOCK EXAM UPDATED 2026 (LIKE REAL)

About this course

2026 FRM PART II MOCK EXAMThe FRM Exam Part I is a 100-question multiple-choice exam emphasizing the tools used to assess financial risk: foundations of risk management, quantitative analysis, financial markets and products, and valuation and risk models. Part I is offered via computer-based testing (CBT) in May and November.The FRM Exam Part II is an 80-question multiple-choice exam emphasizing the application of the tools acquired in Part I: market risk, credit risk, operational risk and resiliency, treasury and liquidity risk management, risk management and investment management, and current issues in financial markets. Part II is offered via CBT in May and November.Part I of the Exam consists of 100 equally weighted multiple-choice questions. Part II of the Exam consists of 80 equally weighted multiple-choice questions.The Institution allows four hours for candidates to complete Part I of the Exam and four hours to complete Part II of the exam.FRM Exam candidates must pass Part I before they can take Part II. The Institution allows candidates to sit for both Part I and Part II on the same day, however, they must pass Part I before their Part II exam will be graded.Most FRM Exam candidates choose to take Part I and Part II on separate exam days.Part I – Tools Used to Assess Financial RiskFoundations of Risk ManagementQuantitative analysisFinancial markets and productsValuation and risk modelsPart 2 – Application of the ToolsMarket risk management & measurementCredit risk management & measurementOperational and integrated risk management; including the Basel regulatory frameworkLiquidity and Treasury Risk measurement & managementInvestment risk managementC