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IBM Algo One Fundamentals Sample Questions:

1. Which three components are included in the Standard Code workspace? (Choose three.)

A) Modules
B) Database views
C) Data views
D) Stochastic processes
E) Models

2. You have a model with a data layer, a top projection layer, and a sub layer. When the sub layer is called, what will be the portfolio date of that layer?

A) The inception date of the first data record
B) The start date of the model
C) The start date of the projection process
D) The step date of the top projection layer at which the sub layer is called

3. Which statement is true about events?

A) A program cannot include multiple events.
B) Non-portfolio variables can be referenced in the formulae of event variables.
C) Portfolio variables defined at events can be referred by or from a parent program.
D) The formula of a rollback variable can refer to portfolio variables defined at events.

4. Which two actuarial calculations are available in the Standard Code? (Choose two.)

A) Solvency II standard formula
B) Embedded value
C) Reserving
D) Asset Liability modeling

5. In which two situations must you have the portfolio property set to "Yes"? (Choose two.)

A) If a variable is defined in the data view but does not need to be passed into the program.
B) If a variable needs to be accessed at future events.
C) If a step variable needs to be passed into the sub layer.
D) If a variable is a stochastic variable.

Solutions: