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IBM Algo One Fundamentals Sample Questions:

1. Click the Exhibit button.

The exhibit shows a representation of the principles used in Standard Code when building programs.
What is missing from the blank boxes?

A) A process and two process building blocks
B) A product, one process building block, and one product building block
C) A process, one process building block, and one product building block
D) A product and two process building blocks

2. When active,what does the Algo Security Dual Control functionality ensure?

A) that there are a minimum of two Algo User IDs for each role
B) that security changes will have a separate confirmation step
C) that security changes must be made in two places
D) that Pair Programming is enabled

3. Which statement is true regarding Rollback variables?

A) Rollback variables can be included in the formulae for a step variable of the same layer.
B) Portfolio variables without a step formula can be included in the formulae for a Rollback van able.
C) In a layer, a Rollback variable is calculated together with the step variables at the same projection step.
D) Non-portfolio variables with a step formula can be included in the formulae for a Rollback variable.

4. In addition to the command line utilities and databases,which two other componentsmake up the Algo Scenario Engine? (Choose two.)

A) Scenario Editor
B) Algo Scenario Engine Server
C) Algo Scenario Builder Server
D) Scenario Generation Workbench

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

A) 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
B) To enable rapid implementation of programs and lead to models that are easier to understand
C) To provide the user with fully formed models that can be adapted to their specific products and reduce the need for actuarial involvement
D) To promote consistency between models and demonstrate appropriate use of the features within Algo Financial Modeler

Solutions: