Estimated reading time: 6 minutes
Should I even use a Test Bank?
There is a great deal of opinions and preparation tips online when it comes to GARP’s Financial Risk Manager course.
But when you sift through discussions, browse through the articles, and scan videos, one theme is always consistent: Practice! Practice! Practice! That is where test banks come in.
An appropriately priced Test bank can give you a wealth of practice questions and mock exams that you can use to sharpen your understanding of concepts.
It improves your preparedness for the exam in significant ways, as you are about to see.
Building your intellectual stamina
A fire drill strengthens a building’s occupants’ ability to respond to emergencies by pointing to the critical areas that need strengthening. Practice questions work the same way.
You see, whenever you use test banks, there is no limit to the amount of questions that you get exposed to. The result is that you will become better at handling these challenges. You will then face the real one with confidence.
With access to a question bank, you practice and practice some more till you master the critical concepts and even the psychology of examiners.
At first, you might get a low score in your tests, but the more you go at it, the more your performance improves.
Unlimited access, anywhere and anytime
Test banks can be accessed online and can thus be a highly convenient study tool for those candidates who are always on-the-go or just simply busy. You can access the questions anywhere and at any time.
The digital nature of these questions also frees you of the requirement for pre-determined meeting space as well as document organization.
Summarizing the curriculum
Behind the best question bank will be a team of dedicated educators working to ensure that the structure of the questions reflect the syllabus requirements.
You will get systematic questions that touch on every topic in parts 1 and 2.
For each topic, you expect to get many quality questions all formulated to cover all the concepts as expected by the governing body.
As a candidate, you will get a full grasp of all the concepts in a relatively short time using this methodology.
Focusing your study routine
It’s dangerous to study blindly. Candidates need to regularly self-evaluate to find out where their strengths and weaknesses lie, regardless of difficulty-level.
A test bank can be the right platform for an accurate kind of testing.
Attempting the practice questions and mock tests can help you gauge your degree of understanding of the concepts and preparedness for the real thing.
In the past, successful candidates have incorporated these tests into their study plans. Self-testing helps to plan your time well so that when the exams come around, you would have covered all the critical areas.
Once you identify the areas of need, you dedicate more time to them, and you seek assistance in your study groups and from experts. It won’t take long before you become an expert yourself.
Revealing the puzzling nature of the exams
FRM exams are challenging. There is no doubt about that. A great test banks will raise the bar of exam preparation for candidates by giving them access to even harder questions.
By practicing with difficult questions over and over again, you will find the questions to be a walkover come test day.
With reliable banks, the questions go deeper, requiring you to prove your in-depth understanding of the subject. You may have multiple choices that range from A to F as opposed to those that range from A to D.
These questions and answer choices teach you to think critically and apply textbook knowledge to practical scenarios.
Building your exam confidence
These professional exams are associated with a lot of anxiety. This worry purely stems from a lack of thorough preparation.
You can use the practice questions to augment your study routines and improve your understanding of the topics.
With regular testing, you will walk into the test room a prepared and confident person.
The exams will feel natural to you because you have been tested under exam-like scenarios. You will be at ease because you would have identified your areas of weakness and done something about them.
All these factors ultimately lead to a better outcome in your final grades.
Improving time management
On D-day, many candidates fall into the trap of spending too much time on certain questions more than is necessary (whatever the course).
While others obsess about hard questions, thereby wasting time and leaving the ‘low hanging fruits’ types unanswered. These are bad exam habits that practice questions can help to stamp out.
When you use a test bank for your preparation, you gradually learn all the tricks and time management skills necessary for success.
Your time management skills improve with each mock test you take. By the end of it, you will have a unique ability to:
- Quickly identify the concepts being tested in a question
- Think fast while considering all relevant factors
- Stay calm and proceed without rushing
Solidifying your knowledge
Test questions are not just for identifying your critical areas of need. They also help to reassure that you indeed have your game right.
Using a test bank can, therefore, be a practical way to discover and re-affirm your intellectual strengths and devote more time to what needs attention.
On the other hand, if you don’t know where your strengths lie, several things could happen, including:
- Wasting your study time on the same things every day
- Falling into last-minute cramming
- Walking into the exam feeling less prepared
- Experiencing anxiety and confidence issues
Improving your retention levels
You have to read the official text-books to gain all the necessary knowledge. Regular testing helps you to remember that knowledge so you can apply it in a better way when the real thing comes around.
Researchers have found that students who sturdy in short, frequent bursts often retain more information than those that take on marathon-like study sessions.
So, here is what the test banks can help you to do:
- You break up your study schedule in topic-wise portions
- You establish set goals for the practice questions that you attempt after each topic
- You develop a deeper understanding of what you have learned
- The information sticks with you for a longer period
Helping to optimize your study habits
Perhaps you study for one hour in the evenings every day. Or you probably focus more on the GARP text-books without supplementation from third party materials.
How would you know if your study techniques are effective?
Wouldn’t it be wise to test the effectiveness of your study habits before the exams come around?
Yes, indeed. Success here depends on the efficiency of your routines. You can use an FRM test bank to evaluate that efficiency.
A consistently low score in your mock tests would mean that you have to overhaul your study routines and schedules.
It could mean that you need to study more hours, take notes, use flashcards, and other memory techniques.
A consistently high score in the tests may mean that your study techniques are on point. Keep doing what you are doing, or improve on it for even better results on the actual day.
Beware, though, that you cannot rely on a single test to arrive at these conclusions. The testing has to be regular for an accurate and dependable analysis.
Motivating you to stay on course
It is risky to run on shaky assumptions during the preparation phase. You may be tempted to think that you are well prepared and start using your study time for other things.
However, a test bank will reveal the truth of where you really stand. Regular testing helps you stay on top of your goals and use your preparation time wisely.
Using the tests, one can track their progress from the first to the last day of the exam preparation.
With each score, you find out how much more you need to study, how much more time you need, and where you need to direct your focus.
Helping you to learn from your mistakes
One of the most effective study habits for the Financial Risk Manager exams is learning through the answers in practice questions.
After attempting the questions and scoring your answers, it’s not the end of it. What follows next is the process of taking time to learn. You evaluate the correct answer and find out where you erred in your line of thinking.
This learning strategy doubles your retention rate. It makes you wiser each time you encounter a challenge.
Late registrants can also use this study technique to master the FRM concepts in the shortest possible time.
The bottom line
The Financial Risk Manager examinations are unlike any other professional exam in the financial industry. This program is designed to push your intellectual limits and transform you into a highly proficient risk expert.
You can, therefore, expect a real challenge on your hands. That said, a great FRM test bank can help bolster your preparedness for the actual event with thousands of even tougher questions.
Thanks for reading once more. We now would like to direct your attention to the following links for even more helpful resources:
Just one step at a time,
The QuestionBank Family