IBM Algo One Fundamentals : C2020-003

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IBM C2020-003 Exam Syllabus Topics:

IBM Algo One Fundamentals Sample Questions:

Question 1

Aclient has redesigned their nonprofit endowment product to pay a guaranteed 110% of Sum Assured on death rather than just the Sum Assured assumed in Standard Code. They want you to update the model so that it will be unaffected when any future updates of Standard Code are copied into the workspace.
How would you do this?

A. Change the existing formula to 110%* Sum Assured.
B. Comment out the original code within the existing module and replace with 110% * Sum Assured.
C. Copy the Sum Assured variable into a blank line at the bottom of the product and change the code to 110% * Sum Assured.
D. Copy the Sum Assured variable into a blank line at the bottom of the module and change the code to 110% it Sum Assured.

Question 2

You want to temporarily disable running certain job boxes when you execute the jobstream using shell,secureshell,or DataSynapse.What should you do?

A. Place a runcontrol.SERVICE_NAME.txt file in your $ALGO_TOP/static/algobatchdirectory where job box is turned off by using a run control flag.
B. Perform a shallow clone of your job stream and remove the job box.
C. Perform a deep clone of your job stream and remove the job box.
D. Place a runcontrol.SERVICE_NAME.txt file in your$ALGO_TOP/dynamic/algobatch directory where job box is turned off by using arun control flag.

Question 3

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

A. Data views
B. Stochastic processes
C. Models
D. Modules
E. Database views

Question 4

Which two parameters are required for the generation of Monte Carlo scenariosusing the Algo Scenario Engine? (Choose two.)

A. number of triggers and trigger size
B. a minimum of 365 days of historical data
C. an active connection to the Algo database using UDS
D. simulation start date

Question 5

What are two specific reasons why Standard Code has been developed? (Choose two.)

A. To provide the user with fully formed models that can be adapted to their specific products and reduce the need for actuarial involvement
B. To minimize the amount of testing required when building a new model within Algo Financial Modeler and provide a guarantee of the accuracy of results
C. To promote consistency between models and demonstrate appropriate use of the features within Algo Financial Modeler
D. To enable rapid implementation of programs and lead to models that are easier to understand

Solutions: