FRM Part II — Free Online Mock Test
FRM Part II (GARP) — market, credit, operational and integrated risk management, plus risk in investment management, treasury and current financial-market issues. 80 MCQ / 4 hours. · Official language: English.
FRM Part II exam at a glance
FRM Part II full-length mock tests
Attempt 50 full-length FRM Part II mock tests, each a distinct question set built on the real 80-question, 240-minute pattern — with instant scoring and section-wise analysis. The first 3 are free.
FRM Part II key facts & eligibility
| Conducting body | The Global Association of Risk Professionals (GARP). |
|---|---|
| Official website | garp.org ↗ |
| Mode | A computer-based exam of 80 equally weighted multiple-choice questions in 4 hours. |
| Frequency | Three windows a year — May, August and November. |
| Scoring & marking | 80 multiple-choice questions applying the tools from Part I — Market Risk, Credit Risk, Operational Risk & Resilience, Liquidity & Treasury Risk, Risk & Investment Management, and Current Issues in financial markets. The result is pass/fail with quartile feedback per topic. |
| Score validity | Part II must be passed within four years of Part I; the FRM designation itself does not expire. |
| Language | English. |
Who is eligible for FRM Part II?
You must have passed FRM Part I; the FRM designation also requires two years of relevant work experience.
Last verified July 2026 against GARP — FRM program & exams. Always confirm current details on the official website before you register.
FRM Part II section breakdown
The FRM Part II mock test on Wrexa Edge replicates the real exam's section structure — same names, same question count per section, same time limits. No inter-section breaks — the timer runs continuously.
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FRM Part II — Full Exam (80 Q)
FRM Part II scoring & marking scheme
Strategy: FRM Part II has no negative marking. Attempt every question — blank answers cost you potential marks but cannot pull your score down.
Scale: FRM Part II (pass via curve).
How FRM Part II is conducted
- Mode
- Test format
- Backtracking
- Mark for review
Tools available during the FRM Part II exam
-
Calculator
Wrexa Edge renders these tools inside the mock test exactly as they appear on the real FRM Part II exam — same shortcuts, same behaviour.
FRM Part II time strategy
With 80 questions in 240 minutes, you have about 180 seconds per question on average. Successful candidates aim for the following pacing on each section:
- FRM Part II — Full Exam (80 Q)
Wrexa Edge's analytics show your actual time-per-question after every mock so you can spot which sections you're losing time on.
FRM Part II topics covered
Across the 50 Wrexa Edge variants of FRM Part II, the following topics appear most often (sample distribution from one variant):
FRM Part II — Full Exam (80 Q)
- Market Risk — Greeks · 4
- Market Risk — Expected Shortfall · 2
- Market Risk — Backtesting · 2
- Market Risk — Stress Testing · 2
- Market Risk — Convexity · 2
- Credit Risk — Expected Loss · 2
- Credit Risk — Counterparty · 2
- Credit Risk — Structured Products · 2
FRM Part II difficulty calibration
Elite tier. Elite-tier: among the toughest exams in its category. Most successful candidates prepare for 6-12+ months.
FRM Part II (GARP) — market, credit, operational and integrated risk management, plus risk in investment management, treasury and current financial-market issues. 80 MCQ / 4 hours. · Official language: English.
Verified content — Wrexa Edge's FRM Part II bank has been deeply curated with real exam-aligned content (estimated 100% syllabus coverage).
How Wrexa Edge prepares you for FRM Part II
- Real test-day interface
- 50 distinct variants
- Detailed analytics
- Spaced repetition (Notebook)
- Optional proctoring
- Free to start
Expert take: what FRM Part II really tests
FRM Part II is the application half of the designation: where Part I taught the tools, Part II drops them into market, credit, operational, liquidity and investment-risk scenarios, plus a Current Issues section that changes every cycle. Its 80 questions reward candidates who can apply models to situations rather than recite them — and the topical Current Issues readings are easy marks for anyone who studies the latest material.
Preparation tips
- Practise scenario-style application, not definitions — Part II is about using the tools.
- Study the Current Issues readings late, since they are topical and refresh each cycle.
- Drill credit- and market-risk models until the calculations are automatic.
Common mistakes to avoid
- Preparing as if it were Part I recall, then struggling with applied scenarios.
- Skipping Current Issues, which is fresh, finite and genuinely tested.
FRM Part II study plan
A phase-by-phase roadmap from your first concept to test-ready. Stretch or compress each phase to fit the time you have before your attempt.
- Work Market, Credit and Operational Risk in depth — Part II applies Part I’s tools
- Add Liquidity & Treasury Risk and Risk & Investment Management
- Keep the learning objectives from the GARP curriculum in view
- Practise scenario-style questions — Part II is application-oriented
- Study the Current Issues readings, which change each cycle
- Drill credit and market-risk models until the calculations are quick
- Take full-length practice exams in the 4-hour, 80-question format
- Use quartile-style feedback to target your weakest domain
- Re-read Current Issues late — it is topical and easy marks if fresh
Where FRM Part II can take you
A strong FRM Part II result opens up these careers and higher-study paths:
- Risk manager
- Credit / market risk analyst
- Treasury & liquidity risk
- Investment risk
Best books & official prep for FRM Part II
- GARP FRM official curriculum (Part II) — GARP
- Kaplan Schweser FRM Notes — Kaplan
- AnalystPrep / practice banks — Various
- GARP practice exams — GARP
Official practice: GARP provides the official curriculum and practice exams; Part II is application-oriented, so scenario-based question practice matters most.
Previous-year papers: GARP does not release past exams; the official practice papers are the closest match.
Frequently asked questions
- What is the FRM Part II exam pattern?
- FRM Part II contains 80 questions across 1 section: FRM Part II — Full Exam (80 Q). Total duration is 240 minutes (about 180 seconds per question).
- Does FRM Part II have negative marking?
- No — FRM Part II has no negative marking. Each correct answer is worth 1 mark, so attempt every question.
- How is FRM Part II scored?
- Scaled score range: 0 to 100. FRM Part II (pass via curve).
- How can I practise FRM Part II online for free?
- Wrexa Edge gives you 3 free full-length FRM Part II mock tests — with instant scoring, detailed explanations and analytics — plus 47 more with Pro. Start practising in under a minute, no card required.
- What is the difficulty level of FRM Part II?
- FRM Part II is rated Elite difficulty on Wrexa Edge. Elite-tier: among the toughest exams in its category. Most successful candidates prepare for 6-12+ months. FRM Part II (GARP) — market, credit, operational and integrated risk management, plus risk in investment management, treasury and current financial-market issues. 80 MCQ / 4 hours. · Official language: English.
- How long is the FRM Part II exam?
- FRM Part II runs for 240 minutes total. On Wrexa Edge the timer is enforced exactly as on the real exam — including no inter-section breaks.
- What topics are covered in FRM Part II?
- FRM Part II is split into: FRM Part II — Full Exam (80 Q). Each section is timed and weighted separately. FRM Part II (GARP) — market, credit, operational and integrated risk management, plus risk in investment management, treasury and current financial-market issues. 80 MCQ / 4 hours. · Official language: English.
- What tools or aids are allowed during FRM Part II?
- On-screen scientific calculator (matches the real exam interface).
- Is the FRM Part II test adaptive?
- No — FRM Part II is a fixed-form (linear) test. Every candidate sees the same number of questions per section.
- How many FRM Part II mock tests does Wrexa Edge offer?
- Wrexa Edge generates 50 distinct FRM Part II variants — each with different question content, not just shuffled options — the first 3 free for everyone and 47 more with Pro. That's 4000 unique practice questions in the real test-day interface.
- Is there a free FRM Part II test series 2026?
- Yes. The Wrexa Edge FRM Part II test series for 2026 gives you 3 free full-length mock tests (50 in total) plus subject-wise and topic-wise tests — instant scoring and detailed analysis, no card required.
- Are FRM Part II previous year question–style papers included?
- Every FRM Part II mock is modelled on the official exam pattern and the style of previous years' papers — the same 80-question structure, sections and marking — so your practice mirrors the real paper you'll sit.
- Which is the best free FRM Part II mock test online?
- Wrexa Edge's FRM Part II mock test replicates the real exam interface, timing and marking scheme, with instant score, section-wise analysis and 50 fresh variants — a strong free choice for 2026 preparation.
- Can I take the FRM Part II mock test on mobile?
- Yes. FRM Part II mock tests run in any browser on mobile, tablet or desktop — no app or download needed. Start on your phone and your progress and analytics sync when you sign in.
- What is the FRM Part II syllabus?
- The FRM Part II syllabus maps to its 1 section: FRM Part II — Full Exam (80 Q). Wrexa Edge's mock tests cover the complete syllabus topic by topic — see the topics-covered breakdown above — so you practise every area at real exam difficulty.
- What is the eligibility for FRM Part II?
- You must have passed FRM Part I; the FRM designation also requires two years of relevant work experience. Wrexa Edge focuses on realistic FRM Part II practice: 3 free full-length mocks in the exact exam pattern, ready whenever you are.
- When is the FRM Part II exam and how should I prepare?
- Official FRM Part II exam dates are announced by the conducting body for each cycle — check the latest notification for the current schedule. To be ready, follow a phased study plan and take full-length timed mocks; Wrexa Edge gives you 3 free FRM Part II mocks with instant scoring so you can track your readiness week by week.
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