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IBM Algo One Fundamentals Sample Questions:

1. What are two specific reasons why Standard Code has been developed? (Choose two.)

A) To provide the user with fully formed models that can be adapted to their specific products and reduce the need for actuarial involvement
B) To enable rapid implementation of programs and lead to models that are easier to understand
C) To promote consistency between models and demonstrate appropriate use of the features within Algo Financial Modeler
D) To minimize the amount of testing required when building a new model within Algo Financial Modeler and provide a guarantee of the accuracy of results

2. Which three would you attach to a program on a projection process inside a layer? (Choose three.)

A) A category
B) A data process
C) A module
D) An aggregation report
E) An assumption set

3. In a production environment,which two mechanisms would be used to trigger anovernight batch using an Algo Batch job stream? (Choose two.)

A) Cron
B) RiskWatc
C) Control-M
D) ABE

4. After setting a model to run, at which three points of this process would a runtime error likely occur? (Choose three.)

A) When the results are being written.
B) When the records are being processed.
C) When the code is being generated.
D) When the code is being linked.
E) When the data is being processed from the source.

5. How would you make a model built in Algo Financial Modeler stochastic?

A) Add a stochastic process to a layer in the model.
B) Add a stochastic process to a module.
C) Add a stochastic process to a data process.
D) Add a stochastic process to an assumption set.

Solutions: