Question 1

How might AI exacerbate global inequality at a societal level?

Options :

A : By allowing less industrialized countries to adopt AI at a faster rate than industrialized countries

B : By increasing job opportunities equally across all countries

C : By benefiting wealthier, more industrialized countries more than others

D : By promoting open access to AI resources for all nations

Answer: C

Question 2

A financial institution is creating a model inventory. Which of the following should be included to ensure comprehensive governance?

Options :

A : Only the model’s purpose and validation report.

B : Model owner, but not developer information, for clarity.

C : A description of model assumptions but not its risk classification.

D : Model owner, purpose, methodology, assumptions, limitations, and risk tier.

Answer: D

Question 3

An analyst finds that with a learning rate of 0.005, it took only five iterations for the gradient descent algorithm to converge when optimizing b1, If they increase the learning rate to 0.1, what is the most likely outcome?

Options :

A : Faster convergence to the optimal b1.

B : Oscillations around the optimal b1 without convergence.

C : The same number of iterations needed to converge.

D : Slower convergence to the optimal b1.

Answer: B

Question 4

A retail bank uses self-training to classify loan applicants as high or low risk, but it finds that updating the model after each new labeled data point is computationally intensive. Which approach can the bank use to reduce this burden?

Options :

A : Select multiple best-predicted instances in each round

B : Use an unsupervised learning model instead

C : Increase the complexity of the initial model

D : Use transductive learning instead

Answer: A

Question 5

A portfolio manager is using a multi-arm bandit model to decide daily between several stocks for short-term investments. Each stock has a different historical return profile. In this scenario, what would be the "reward" in MAB terminology?

Options :

A : The action taken to select a stock

B : The expected return from each stock

C : The choice of policy

D : The agent’s portfolio composition

Answer: B

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