IBM Algo Financial Modeler Developer Fundamentals Sample Questions:

1. What are two principles upon which the Standard Code is based? (Choose two.)

A) Overtime,additional functionality will be included, building a growing library of content.
B) The code focuses on calculation efficiency over clarity.
C) The code is not designed to be used as a black box, but always to be modified to suit specific circumstances.
D) The code does not require any checking to ensure that it gives the correct results.

2. A colleague has finished editing Standard Code and has passed it to you for development. You notice a padlock symbol next to some of the modules.
What does the padlock mean?

A) This module must not be used indevelopment
B) This module is locked for editing
C) This module has additional information attached to it.
D) This module is key Standard Code and must be used

3. A client has redesigned their nonprofit endowment product to pay a guaranteed 110% of Sum Assured on death rather than just the Sum Assured assumed in Standard Code. They want you to update the model so that it will be unaffected when any future updates of Standard Code are copied into the workspace.
How would you do this?

A) Copy the Sum Assured variable into a blank line at the bottom of theproduct and change the code to 110% * Sum Assured.
B) Comment out the original code within the existing module and replace with 110% * Sum Assured.
C) Copy the Sum Assured variable into a blank line at the bottom of the module and change the code to 110% it Sum Assured.
D) Change the existing formula to 110%* Sum Assured.

4. You are dealing with a model with portfolio date 3 1/12/2010 that has a data layer, a top projection layer (Realistic_Layer), and a stochasticsub layer (Stochastic_Sublayer). A colleague wants information from the 4th scenario in the sub layer on 31/12/2020.
What is the layer path string in the AFMOutput function you would need to achieve this?

A) Realistic_Layer4?31/12/2020
B) Realistic_Layer?31/1 2/2010 .Stochastic_Sublayer:4
C) Stochastic_Sublayer4?3 1/12/2020
D) Realistic_Layer.Stochastic_Sublayer4?31/1 2/2020

5. 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) Non-portfolio variables with a step formula can be included in the formulae for a Rollback variable.
D) In a layer, a Rollback variable is calculated together with the step variables at the same projection step.

Solutions: