Introduction of AIWMI CCRA Exam!

AIWMI Certified Credit Risk Analyst (CCRA) is an exam designed to assess the knowledge and skills of credit risk professionals. The exam covers topics such as credit risk management, credit analysis, credit portfolio management, and credit risk modeling. It is administered by the Association of International Wealth Management Institutes (AIWMI).

What is the Duration of AIWMI CCRA Exam?

The AIWMI CCRA exam is a two-hour online exam.

What are the Number of Questions Asked in AIWMI CCRA Exam?

There is no set number of questions for the AIWMI CCRA Exam. The exam is composed of multiple-choice questions that are tailored to the individual's knowledge and experience.

What is the Passing Score for AIWMI CCRA Exam?

The passing score required in the AIWMI CCRA Exam is 70%.

What is the Competency Level required for AIWMI CCRA Exam?

The AIWMI CCRA exam requires a high level of competency. Candidates must have a comprehensive understanding of the topics covered in the exam, including risk management principles, financial markets, management accounting and reporting, corporate finance and investments, and financial statement analysis.

What is the Question Format of AIWMI CCRA Exam?

The AIWMI CCRA exam consists of multiple-choice questions.

How Can You Take AIWMI CCRA Exam?

The AIWMI CCRA exam can be taken either online or at a testing center. To take the exam online, you will need to register for the exam at the AIWMI website and pay the exam fee. Once you have registered, you will receive an email with instructions on how to access the exam. To take the exam at a testing center, you will need to find a testing center near you and register for the exam at the AIWMI website. You will then need to pay the exam fee and schedule an appointment to take the exam.

What Language AIWMI CCRA Exam is Offered?

The AIWMI CCRA Exam is offered in English.

What is the Cost of AIWMI CCRA Exam?

The AIWMI CCRA Exam is offered for a fee of $495.

What is the Target Audience of AIWMI CCRA Exam?

The target audience for the AIWMI CCRA exam is finance professionals with an interest in applying quantitative methods to the analysis of financial risk and return. Professionals who have some knowledge of finance, mathematical and statistical methods, and risk management are likely to benefit the most from taking the exam.

What is the Average Salary of AIWMI CCRA Certified in the Market?

The average salary of Certified Credit Research Analyst certified professionals varies widely by role, region, and experience, because it depends on the job the certification is combined with. Check current listings in your market for an up-to-date figure.

Who are the Testing Providers of AIWMI CCRA Exam?

AIWMI offers the CCRA exam and provides the testing for it. AIWMI provides the CCRA exam through its online testing platform, which is available to all AIWMI members.

What is the Recommended Experience for AIWMI CCRA Exam?

The recommended experience for AIWMI CCRA Exam is a minimum of three years of working experience in the fields of credit risk, operational risk, or financial risk management. Candidates should have knowledge and experience in developing credit risk strategies and models, and in understanding and applying credit risk principles and techniques. Candidates should also be familiar with the use of technological tools and techniques used in the risk management field. Finally, candidates should have good communication skills and be able to work in a team environment.

What are the Prerequisites of AIWMI CCRA Exam?

The Prerequisite for AIWMI CCRA Exam is an undergraduate degree in finance, accounting, or business from a recognized university. Candidates must also have at least three years of experience in credit risk analysis, credit portfolio management, or financial risk management.

What is the Expected Retirement Date of AIWMI CCRA Exam?

The AIWMI CCRA exam is the current version of the Certified Credit Research Analyst exam, and AIWMI has not announced a retirement date for it. When AIWMI introduces a newer version, the retirement date for the older version is published on the AIWMI certification site.

What is the Difficulty Level of AIWMI CCRA Exam?

The AIWMI CCRA exam is considered to be of moderate difficulty.

What is the Roadmap / Track of AIWMI CCRA Exam?

The AIWMI CCRA Exam is a certification track and roadmap designed to assess the knowledge and skills of professionals in the fields of Credit Risk Analysis, Credit Risk Management, and Credit Risk Reporting. The exam covers topics such as credit risk analysis and modeling, credit risk management, and credit risk reporting. It is designed to measure the knowledge and skills of professionals in these fields, and to provide a benchmark for assessing the qualifications of those who wish to pursue a career in the credit risk industry.

What are the Topics AIWMI CCRA Exam Covers?

The AIWMI CCRA exam covers the following topics: 1. Financial Planning and Analysis: This section covers the fundamentals of financial planning, financial analysis, and financial reporting. It also covers topics such as budgeting, forecasting, and financial statement analysis. 2. Risk Management: This section covers topics such as risk identification, risk assessment, risk control, and risk monitoring. It also covers topics such as capital structure, liquidity management, and portfolio management. 3. Investment Management: This section covers topics such as asset allocation, portfolio selection, and portfolio optimization. It also covers topics such as security analysis, behavioral finance, and portfolio performance measurement. 4. Financial Instruments and Markets: This section covers topics such as fixed income instruments, derivatives, and foreign exchange markets. It also covers topics such as interest rate risk, credit risk, and market risk. 5. Corporate Finance: This section covers topics such as capital budget

What are the Sample Questions of AIWMI CCRA Exam?

1. What are the primary responsibilities of a Certified Compliance and Risk Analyst (CCRA)? 2. How do you identify and assess potential risks in a business environment? 3. What techniques can be used to monitor and manage compliance and risk? 4. What is the importance of data analytics in the context of compliance and risk management? 5. How can a CCRA create and implement effective compliance policies? 6. What are the challenges associated with implementing compliance and risk management programs? 7. How can a CCRA use technology to improve compliance and risk management? 8. What strategies can be used to ensure compliance with applicable laws and regulations? 9. How can a CCRA ensure the accuracy of compliance and risk reports? 10. How does a CCRA evaluate the effectiveness of compliance and risk management programs?

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Free CCRA – Certified Credit Research Analyst Practice Test Question

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Question 1

Following is information related banks:

Auckland Ltd is a public sector bank operating with about 120 branches across India. The bank has been in business since 1971 and has about 40% branches in rural areas and about 75% of all branches are in Western India. On the basis of the size, Auckland Ltd will be ranked at number 31 amongst 40 banks in India. Although top management has appointment period of 5 years, generally they retire on ach sieving age of 60 years with an average tenure of only 2 years at the top job.

Profit and Loss Account

Balance Sheet

The rating wise break-up of assets for FY11 is as follows:

The core spreads for FY13 as compared to FY12 have:

Select an option, then click Submit answer.

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Expanded by 136 bps
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Contracted by 327 bps
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Contracted by 136 bps
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Expanded by 191 bps

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Question 2

Awesome Mobile Ltd is a leading mobile seller who manufactures mobile phone under own brand Awesome. Which of the following is the biggest business risk for Awesome?

Select an option, then click Submit answer.

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Technology Risk
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Branding risk
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Raw material price risk
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Competition

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Question 3

The following information pertains to bonds:

Further following information is available about a particular bond ‘Bond F’

There is a 10.25% risky bond with a maturity of 2.25% year(s) its current price is INR105.31, which corresponds to YTM of 9.22%. The following are the benchmark YTMs.

Assuming the G-Sec has not changed from the time January 2013 to April 2013, what can you predict about the changes bond price and change in issues borrowing rates:

Select an option, then click Submit answer.

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Decrease and Increase
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Increase and Increase
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Decrease and Decrease
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Increase and Decrease

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Question 4

During FY13, Small Bazar, a leading retail company has sold three of its prime properties for a sum of USD 24 Million. The same had a carrying value of USD 30 Million.

Analyst had considered the same as operating income and considered it to be part of operating expenses. However, she realized her mistake and recorded the loss as non-operating loss. Which of the following ratio will not change despite the correction?

A) EBITDA Margins

B) Interest Coverage

C) PAT Margins

D) Gross Profit Margin

Select an option, then click Submit answer.

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B, C & D
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A, B & C
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B, C
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All Ratios will change

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Question 5

Scott is a credit analyst with one of the credit rating agencies in India. He was looking in Oil and Gas Industry companies and has presented brief financials for following 4 entities:

Which of the four entities has best interest coverage ratios?

Select an option, then click Submit answer.

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C Ltd
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D Ltd
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A Ltd
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B Ltd

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Question 6

Stand by letter of credits are typically taken as credit enhancement for___________

Select an option, then click Submit answer.

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Commercial Paper
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Long term Bond issues
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Long term debenture issues
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Bank debt

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Question 7

“Following four entities operate in the Indian IT and BPO space. They all are into same segment of providing off-shore analytical services. They all operate on the labour cost-arbitrage in India and the countries of their clients. Following information pertains for the year ended March 31, 2013.

The year FY13, was typically a good year for Indian IT companies. For FY14, the economic analysts have given following predictions about the IT Industry:

A) It is expected that INR will appreciate sharply against other USD.

B) Given high inflation and attrition in IT Industry in India, the wages of IT sector employees willincrease more sharply than Inflation and general wage rise in country.

C) US Congress will be passing a bill which restricts the outsourcing to third world countries likeIndia.

While analyzing the four entities, you come across following findings related to Glowing:

Glowing is promoted by Mr.M R Bhutta, who has earlier promoted two other business ventures, He started with ABC Entertainment Ltd in 1996 and was promoter and MD of the company. ABC was a listed entity and its share price had sharp movements at the time of stock market scam in late 1990s. In 1999, Mr. Bhutta sold his entire stake and resigned from the post of MD. The stock price declined by about 90% in coming days and has never recovered. Later on in 2003, Mr. Bhutta again promoted a new business, Klear Publications Ltd (KCL) an in the business of magazine publication. The entity had come out with a successful IPO and raised money from public. Thereafter it ran into troubles and reported losses. In 2009, Mr. Bhutta went on to exit this business as well by selling stake to other promoter(s). There have been reports in both instances with allegations that promoters have siphoned off money from listed entities to other group entities, however, nothing has been proved in any court.”

Which entity is best in terms of overall gearing ratio and net gearing ratio respectively:

Select an option, then click Submit answer.

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Glowing and Beautiful
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Handsome and Handsome
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Glamorous and Glowing
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Glamorous and Glamorous

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Question 8

Based on the Moody’s KMV model which of the following is not correct?

A: Growth variables are important for default analysis. rapid growth will lead to lower probability of default and rapid decline will lead to higher probability of default.

B: Activity ratios are relevant for default analysis. A large stock of inventories relative to sales will lead to a higher probability of default.

Select an option, then click Submit answer.

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Only Statement A is correct
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Both the statements are correct
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None of the statements is correct
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Only Statement B is correct

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Question 9

Satish Dhawan, a veteran fixed income trader is conducting interviews for the post of a junior fixed income trader. He interviewed four candidates Adam, Balkrishnan, Catherine and Deepak and following are the answers to his questions.

Question 1: Tell something about Option Adjusted Spread

Adam: OAS is applicable only to bond which do not have any options attached to it. It is for the plain bonds.

Balkishna: In bonds with embedded options, AS reflects not only the credit risk but also reflects prepayment risk over and above the benchmark.

Catherine: Sincespreads are calculated to know the level of credit risk in the bound, OAS is difference between in the Z spread and price of a call option for a callable bond.

Deepark: For callable bond OAS will be lower than Z Spread.

Question 2: This is a spread that must be added to the benchmark zero rate curve in a parallel shift so that the sum of the risky bond’s discounted cash flows equals its current market price. Which Spread I am talking about?

Adam: Z Spread

Balkrishna: Nominal Spread

Catherine: Option Adjusted Spread Deepark: Asset Swap Spread

Question 3: What do you know about Interpolated spread and yield spread?

Adam: Yield spread is the difference between the YTM of a risky bond and the YTM of an on-therun treasury benchmark bond whose maturity is closest, but not identical to that of risky bond. Interpolated spread is the spread between the YTM of risky bond and the YTM of same maturity treasury benchmark, which is interpolated from the two nearest on-the-run treasury securities.

Balkrishna: Interpolated spread is preferred to yield spread because the latter has the maturity mismatch, which leads to error if the yield curve is not flat and the benchmark security changes over time, leading to inconsistency.

Catherine: Interpolated spread takes account the shape of the benchmark yield curve and therefore better than yield spread.

Deepak: Both Interpolated Spread and Yield Spread rely on YTM which suffers from drawbacks and inconsistencies such as the assumption of flat yield curve and reinvestment at YTM itself.

Then Satish gave following information related to the benchmark YTMs:

Which of the modified statement of Balkrishna will be a correct statement?

Select an option, then click Submit answer.

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In bonds with embedded options, Nominal Spread reflects not only the credit risk but also reflects prepayment risk over and above the benchmark.
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In bonds with embedded options, spread reflects not only the credit risk but also reflects prepayment risk over and above the benchmark.
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None of the three.
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In bonds with embedded options, Z Spread reflects not only the credit risk but also reflects prepayment risk over and above the benchmark.

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Question 10

Step up upon feature will lead to

Select an option, then click Submit answer.

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no change as step is not linked to issuers rating
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positive basis because the bond holder is compensated
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negative basis given that the bondholder is not compensated
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Will lead to a change only if there is a linkage to the issuer’s rating

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About the CCRA Free Practice Test

This free practice test covers the Certified Credit Research Analyst (CCRA) exam from AIWMI. You will find 10 free questions, drawn from the full Study4Pass practice set of 84 questions for this exam. The free sample is made up of 10 single-answer questions, each with a full explanation. The questions follow the same topic balance as the real exam: Financial Planning and Analysis, Risk Management, Investment Management and Financial Instruments and Markets. AIWMI Certified Credit Risk Analyst (CCRA) is an exam designed to assess the knowledge and skills of credit risk professionals.

The target audience for the AIWMI CCRA exam is finance professionals with an interest in applying quantitative methods to the analysis of financial risk and return. The Prerequisite for AIWMI CCRA Exam is an undergraduate degree in finance, accounting, or business from a recognized university.

Certification: Certified Credit Research Analyst (CCRA)
Vendor: AIWMI
Free on this page: 10 practice questions with answers and explanations
Full practice set: 84 questions

Use the sample the way you would use the real thing: answer each question on your own first, then open the explanation and make sure you understand why the right answer is right. That habit — reasoning instead of memorizing — is what carries over to exam day. When a topic keeps tripping you up, that is your study plan telling you where to go next.

When you finish the sample, do not just count the score — read it. Every missed question names a topic, and the full set lets you train that topic on its own until it stops costing you marks. That loop of test, review and targeted practice is how this set is designed to be used, from the first free question to the last simulation.

Inside the full CCRA practice set:

All 84 questions with answers and explanations
Timed Exam Simulation that mirrors the real exam pressure
Topic Training to drill one domain at a time
Ask AI for More Explanation on every question
Flag questions and review them before you finish

How to use this CCRA free practice test

Pick an answer for each question and check it straight away — the correct answer and a full explanation appear under the question. There is no time limit and nothing to sign up for. When an explanation is not enough, use Ask AI: this is an AI-Enabled practice test, and Ask AI explains the concept behind the question in plain language. Ready for more? The full 84-question set adds a timed Exam Simulation mode, topic training for your weak areas, and a flagged-question review, so you can practise the way the real exam feels.

What to study for each CCRA domain

Financial Planning and Analysis — This section covers the fundamentals of financial planning, financial analysis, and financial reporting.
Risk Management — This section covers topics such as risk identification, risk assessment, risk control, and risk monitoring.
Investment Management — This section covers topics such as asset allocation, portfolio selection, and portfolio optimization.
Financial Instruments and Markets — This section covers topics such as fixed income instruments, derivatives, and foreign exchange markets.
Corporate Finance — This section covers topics such as capital budget

CCRA practice test — quick questions

Is this CCRA practice test free?

Yes — the 10 questions on this page are completely free, with no signup and no payment details needed.

How many questions are in the full CCRA set?

84 questions. The 10 free questions above are a sample of that full set, in the same style and topic balance.

Does the free test show the answers?

Yes — every question shows the correct answer with an explanation, and Ask AI can explain the concept behind a question in plain words if you want to go deeper.