100% Free CRCM Practice Exam Questions and Answers

Stay Ahead with Latest CRCM Compliance and Risk Management Practice Test Questions 2026

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Total 465 Questions | Updated On: Sep 25, 2026

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Question 1

Which of the following is NOT a requirement when a bank pays an employee a fee for referring a

high-net-worth or institutional customer to a broker?

A : The bank must have a written agreement with the broker

B : The bank must give a disclosure to the customer

C : The bank must reasonably believe that the customer is a high net worth or institutional customer

D : The employee must be registered with the bank’s regulatory agency

Answer: D

Question 2

Transfers involving entries to accounts maintained at two different Reserve Banks are:

A : Fedwire transfers

B : Interdistrict transfers

C : Intradistrict transfers

D : Any one of these

Answer: B

Question 3

Which of the following is NOT a requirement of CRA?

A : To delineate the bank’s assessment area(s)

B : To collect loan data

C : To approve the bank’s CRA statement at an annual board meeting

D : To report small business loan data

Answer: C

Question 4

Credit scoring systems:

A : Evaluate an applicant’s creditworthiness mechanically, based on key attributes of the applicant and aspects of the transaction, and determine, alone or in conjunction with an evaluation of additional information about the applicant, whether an applicant is deemed creditworthy

B : Are evaluated by regulatory agencies to determine whether they are empirically derived and statistically sound and to examine: The bank’s policies on the use of the credit scoring system Training of bank employees on the use of the system The number of high-side and low-side overrides of the system

C : Both of these

D : None of these

Answer: C

Question 5

Which of the following banks CANNOT select Montana as its home state for deposit production purposes?

A : ABC National Bank with its headquarters in Missoula, Montana

B : XYZ State Bank, with a Montana state charter

C : ACME National Bank with its headquarters in Minneapolis, MN, but with most of its branches and the majority of its loans in Montana

D : Friendly Bank, a U.S. branch of a foreign bank with two U.S. locations, one in Montana and one in Wyoming

Answer: C

Page: 1 / 93

Total 465 Questions | Updated On: Sep 25, 2026

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