FRM Part 2 Risk and Investment Management questions candidates ask most

FRM Part 2 Risk and Investment Management Mock Test 2026

Risk and Investment Management carries 15 percent of FRM Part 2, which makes it a smaller but still examinable area. This practice set is built to the 2026 GARP reading list.

This area applies risk management to portfolios. It covers factor theory and factor investing, portfolio construction and risk budgeting, risk monitoring and performance measurement, portfolio VaR and component VaR, hedge fund strategies and their risk profiles, and the risks that arise in fund of funds structures.

Set 1 is free, timed to the real exam pace, and returns a topic wise report card so you can see which readings inside this area are actually costing you marks before you sit the exam.

Sno Exam Name Who Should Pass this Exam? Test Duration Fees (Rs) Maximum Marks No. of Questions Pass Mark (%) Negative Marks Cert. Validity (In years) Purchase
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 FRM Part 2 Risk Management and Investment Management Set 1 FRM candidates preparing for the Part 2 examination. 240 Free 80 80 52 0 - Start Free
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 FRM Part 2 Risk Management and Investment Management Set 2 FRM Candidates 240 49 80 80 52 0 - Add to cart
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 FRM Part 2 Risk Management and Investment Management Set 3 FRM Candidates 240 49 80 80 52 0 - Add to cart
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 FRM Part 2 Risk Management and Investment Management Set 9 FRM Candidates 240 49 80 80 52 0 - Add to cart
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 FRM Part 2 Risk Management and Investment Management Set 10 FRM Candidates 240 49 80 80 52 0 - Add to cart
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You have seen what Set 1 looks like. Sets 2 to 10 are where the real preparation happens: 900 more FRM Part 2 Risk Management and Investment Management questions, every one with a worked explanation.

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How to prepare for Risk and Investment Management

Component and marginal VaR questions are the reliable calculations here. Practise decomposing portfolio VaR by position until the arithmetic is routine, because the concepts behind it are simpler than the notation suggests.

Across both FRM parts, the reliable method is the same. Read the assigned material once, then work practice questions as your primary study tool, and go back to the reading only for the specific concept a wrong answer exposed. GARP questions reward applied judgement more than recall.

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