AIGP practice questions 121–130

1. Question 121 · 161 in bank

   During the planning and design phases of the AI development life cycle, bias can be reduced by all of the following EXCEPT:

   • AStakeholder involvement.
   • BFeature selection.
   • CHuman oversight.
   • DData collection.

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   Answer: C

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2. Question 122 · 161 in bank

   A company has trained an ML model primarily using synthetic data, and now intends to use live personal data to test the model. Which of the following is NOT a best practice to apply during the testing?

   • AThe test data should be representative of the expected operational data.
   • BTesting should minimize human involvement to the extent practicable.
   • CThe test data should be anonymized to the extent practicable.
   • DTesting should be performed specific to the intended uses.

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   Answer: B

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3. Question 123 · 161 in bank

   What is the best method to proactively train an LLM so that there is mathematical proof that no specific piece of training data has more than a negligible effect on the model or its output?

   • AClustering.
   • BTransfer learning.
   • CDifferential privacy.
   • DData compartmentalization.

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   Answer: C

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4. Question 124 · 161 in bank

   All of the following are included within the scope of post-deployment AI maintenance EXCEPT:

   • AEnsuring that all model components are subject to a control framework.
   • BDedicating experts to continually monitor the model output.
   • CEvaluating the need for an audit under certain standards.
   • DDefining thresholds to conduct new impact assessments.

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   Answer: A

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5. Question 125 · 161 in bank

   You are part of your organization’s ML engineering team and notice that the accuracy of a model that was recently deployed into production is deteriorating. What is the best first step to address this?

   • AReplace the model with a previous version.
   • BConduct champion/challenger testing.
   • CPerform an audit of the model.
   • DRun red-teaming exercises.

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   Answer: B

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6. Question 126 · 161 in bank

   Which of the following deployments of generative AI best respects intellectual property rights?

   • AThe system produces content that is modified to closely resemble copyrighted work.
   • BThe system categorizes and applies filters to content based on licensing terms.
   • CThe system provides attribution to creators of publicly available information.
   • DThe system produces content that includes trademarks and copyrights.

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   Answer: B

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7. Question 127 · 161 in bank

   What is the best reason for a company to adopt a policy that prohibits the use of generative AI?

   • ATo avoid using technology that cannot be monetized.
   • BTo avoid needing to identify and hire qualified resources.
   • CTo avoid the time necessary to train employees on acceptable use.
   • DTo avoid accidental disclosure to its confidential and proprietary information.

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   Answer: D

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8. Question 128 · 161 in bank

   CASE STUDY - Please use the following to answer the next question: A leading insurance provider that offers a range of coverage options to individuals has decided to utilize AI to streamline and improve its customer acquisition and underwriting process, including the accuracy and efficiency of pricing policies. The company has engaged a cloud provider to utilize and fine-tune its pre-trained, general purpose large language model (“LLM”). The company intends to use its historical customer data – including applications, policies and claims – and proprietary pricing and risk strategies to provide an initial qualification assessment of potential customers, which would then be routed to a human underwriter for final review. The company and the cloud provider have completed training and testing the LLM, performed a readiness assessment, and made the decision to deploy the LLM into production. They have designated an internal compliance team to monitor the model during the first month, specifically to evaluate the accuracy, fairness and reliability of its output. After the first month in production, the company realizes that the LLM declines a higher percentage of women’s applications. During the first month when the company monitors the model for bias, it is most important to:

   • AContinue disparity testing.
   • BProvide regular awareness training.
   • CAnalyze the quality of the training and testing data.
   • DDocument the results of final decisions made by the human underwriter.

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   Answer: A

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9. Question 129 · 161 in bank

   According to the EU AI Act, which of the following non-compliance examples could lead to fines of up to €15 million or three percent of their annual total worldwide turnover in the preceding financial year (whichever is higher)?

   • AIn case of AI Act prohibitions.
   • BIn case of breach of a provider’s obligations for high risk AI systems.
   • CIn case of the supply of misleading information to notified bodies in reply to a request.
   • DIn case of a breach of AI Act prohibition by the Union institutions, bodies, offices and agencies.

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   Answer: B

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10. Question 130 · 161 in bank

    When evaluating which AI use cases to implement, an organization should consider all of the following EXCEPT:

    • ARelated TEVV and system metrics.
    • BThe users and their expectations.
    • CEquitable access to the AI tool.
    • DPotential positive and negative impacts of the system.

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    Answer: A

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AIGP practice, question 121. 161 questions available.