IBM Algo One Fundamentals (C2020-003) Free Practice Test

Question 1

Click the Exhibit button.

The arrow in the exhibit points to something missing in the AFM Output function. What is missing?

A. Module_Name

B. Event Name

C. Filter_Name

D. Program_Name

Correct Answer: D

Question 2

A colleague has passed you a model built from Standard Code for verification. The model has iwo products, one with 50 policies and one with 100 policies. The products have their own data source and specific programs. However, when running the model, you notice that 150 policies are going through both programs.
What should you do?

A. Add module categories to the data sources and programs.

B. Add data flow categories to the data sources and programs.

C. Add market sector categories to the data sources and programs.

D. Add program type categories to the data sources and programs.

Correct Answer: B

Question 3

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

A. Modules

B. Data views

C. Stochastic processes

D. Database views

E. Models

Correct Answer: A,B,E

Question 4

What do you need to do to setup Algo databases in batch mode?

A. Set the appropriate values in *$ALGO_TOP/cfg/algosuiteglobal.xml*,then run*$ALGO_HOME/setup/bin/setupbatch*.

B. Set the appropriate values in *$ALGO_TOP/cfg/algosuitelocal.xml*,then run*$ALGO_HOME/setup/bin/setupbatch*.

C. Set the appropriate values in *$ALGO_TOP/cfg/algosuitelocal.xml*,then run*$ALGO_HOME/setup/bin/algosetupbatch*.

D. Set the appropriate values in *$ALGO_TOP/cfg/algosuiteglobal.xml*,then run*$ALGO_HOME/setup/bin/algosetupbatch*.

Correct Answer: C

Question 5

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

A. Reserving

B. Solvency II standard formula

C. Asset Liability modeling

D. Embedded value

Correct Answer: A,D

Question 6

What are two ways that the assumptions in Standard Code can be structured? (Choose two.)

A. Using scalar values directly in assumption sets

B. Using tables of values in the assumption sets and formulae to extract the appropriate values

C. Using tables of values in a module and formulae to extract the appropriate values

D. Using scalar values directly in a module

Correct Answer: A,B

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IBM Algo One Fundamentals (C2020-003) Free Practice Test