Free SOA Exam SRM (Statistics for Risk Modeling) Practice Questions
The entire SOA Exam SRM question bank is free: 1,028 practice questions on statistical learning and predictive modeling including linear models, decision trees, time series, and unsupervised learning. From FreeFellow, where 'free' is in the brand name. Public samples need no signup. The full original question bank is free with an account, subject to usage limits.
1,028 questions5 topics2026 syllabus
Built by Jeffrey Ting, FSA, CFA, who passed thirteen of the hardest finance exams on the first attempt. The full question bank and worked solutions are free forever.
Instant readiness score in about 6 minutes. No signup to start.
Sample Questions
Question 1
Easy
Random forests improve upon bagging by:
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Correct Answer: D
Solution
D is correct.
The key innovation of random forests over bagging is the random selection of a subset of mtry predictors at each split point. This prevents dominant predictors from being used in every tree, thereby reducing the correlation between trees. Since the variance of an average of correlated quantities depends on the correlation, decorrelation leads to greater variance reduction.
Question 2
Medium
Differencing a time series means computing:
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Correct Answer: C
Solution
C is correct.
First differencing computes ΔYt=Yt−Yt−1, the change between consecutive observations. This is commonly used to remove trends and achieve stationarity.
Question 3
Hard
In the bias-variance tradeoff, bias refers to:
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Correct Answer: E
Solution
E is correct.
Bias measures the systematic error introduced by the modeling assumptions. It is the difference between the expected prediction E[f^(x0)] (averaged over many training sets) and the true function value f(x0). A high-bias model makes strong assumptions that may not match the true relationship (underfitting).
What Exam SRM candidates are saying
“I actually passed SRM. I found FreeFellow only about a week before my exam, so I didn't have much time to explore everything, but it helped me a lot with reviewing concepts and refreshing my understanding during the final stretch. Resources like this can make a real difference for students preparing for these challenging exams.”
Long N.
“I thoroughly enjoyed FreeFellow. I took the exam yesterday and got a preliminary pass. I used it primarily for the question bank, and I likely wouldn't have passed without your product.”
Nick K.
“I cannot put into words how helpful the website is. Thank you so much for this and keep up the good work of helping aspirants like me.”
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Free practice questions, worked solutions, and written lessons.
The full original question bank, written solutions, lessons, formula sheet, mixed practice, and readiness tracking for your Exam SRM prep are free forever. Full access requires a free account and is subject to usage limits. No trial period, no credit card. Become a Fellow ($79/qtr) only if you want mock exams, flashcards, analytics, and a personalized study plan.
What's Free, and What Fellow Unlocks
The original question bank, worked solutions, written lessons, mixed practice, and readiness score stay free forever. Full access requires a free account and is subject to usage limits. Fellow adds mock exams, flashcards, analytics, and a personalized study plan.
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$0 · no credit card
1,028 practice questions with detailed solutions
Mixed practice sessions across all topics
Formula sheet and reference materials
Readiness tracking based on practice history
No paywalls on original questions · no trial period · no credit card
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$39 / mo · $79 / qtr per track · $199 / yr as Fellow Plus
Timed mock exams with weighted scoring
Spaced-repetition flashcards backed by memory science
Topic-level practice to drill weak areas
Performance analytics by topic and difficulty
Personalized study plan that adapts to your exam date
Dates mark the start of each testing window. Confirm dates and registration deadlines directly with the Society of Actuaries before registering.
Exam date
Status
Register by
Jan 5, 2027
Confirmed
Dec 8, 2026
May 21, 2027
Confirmed
Apr 20, 2027
Sep 7, 2027
Confirmed
Aug 10, 2027
Frequently Asked Questions
How many free Exam SRM practice questions does FreeFellow have?
FreeFellow currently offers 1028 free Exam SRM practice questions across 5 topics, each with a detailed step-by-step solution. Questions span three difficulty levels and are aligned to the 2026 syllabus. The question bank is updated regularly.
What Exam SRM topics are covered?
The questions cover 5 topics: Basics of Statistical Learning, Linear Models, Time Series Models, Decision Trees, Unsupervised Learning Techniques. Each topic page shows your progress and lets you filter by difficulty level. You can practice by topic to target your weak areas or take mixed-topic practice exams.
How many questions are on the Exam SRM exam, and how long is it?
The Exam SRM delivers 35 multiple-choice questions (SOA). Testing time is 3 hours 30 minutes. FreeFellow's Exam SRM practice questions follow this format, and the free mixed practice draws from the full bank.
What is a passing score on the Exam SRM?
Exam SRM is graded at 63% pass mark every sitting since January 2024 (SOA). FreeFellow's readiness score estimates where you sit against that bar from your own practice history, and it is free.
Is FreeFellow really free for Exam SRM prep, or is there a catch?
The full original question bank is free with an account, subject to usage limits. Worked solutions, written lessons, mixed practice, and your readiness score stay free. The original question bank, worked solutions, written lessons, mixed practice, and readiness score stay free forever. Timed mock exams, spaced-repetition flashcards, AI grading on supported exams (5 attempts a day), performance analytics, and a personalized study plan. Practice and grading usage limits apply.
What does the $79 Fellow tier unlock for Exam SRM?
Fellow is $39 per month or $79 per quarter, per exam family (USD). Fellow Plus is $49 per month, $99 per quarter, or $199 per year, per exam family (USD). Every annual plan is Fellow Plus. Fellow adds timed mock exams with weighted scoring that match the real exam blueprint, spaced-repetition flashcards built on memory science from cognitive psychology, topic-level practice to drill weak areas, performance analytics broken down by topic and difficulty, and a personalized study plan that adapts to your exam date. Everything else (questions, solutions, lessons) stays free.
How does FreeFellow compare to Coaching Actuaries, ASM, or TIA on price?
The full original question bank is free with an account, subject to usage limits. Worked solutions, written lessons, mixed practice, and your readiness score stay free. The original question bank, worked solutions, and written lessons stay free forever. Fellow is $39 per month or $79 per quarter, per exam family (USD). See https://freefellow.org/pricing for package prices and coverage.
How should I use FreeFellow to study for Exam SRM?
Start with topic-based practice to identify weak areas. As your exam date approaches, switch to timed practice exams under realistic conditions. If you want pacing tools (mock exams, analytics, a study plan) and long-term retention aids (spaced-repetition flashcards), become a Fellow.
What is the Exam SRM pass rate?
The Exam SRM pass rate is approximately 50%, based on historical SOA data. Pass rates vary by sitting. The SOA publishes pass rate statistics after each exam window.
How many hours should I study for Exam SRM?
The SOA recommends 250 to 300 study hours for each preliminary exam. Candidates with strong mathematical backgrounds may need 150 to 200 hours, while those new to the material may need 300 to 350 hours. Consistent daily study over 10 to 14 weeks is more effective than cramming.
What calculator is allowed on Exam SRM?
The SOA permits a list of Texas Instruments models including the BA II Plus (and Professional), TI-30Xa, TI-30X II, TI-30XS and TI-30XB MultiView, and TI-36X Pro. Most candidates bring the TI-30XS MultiView for statistics-heavy exams and the BA II Plus where time-value-of-money work dominates (FM, FAM, ALTAM).
How is Exam SRM scored?
SOA preliminary exams are scored on a 0-10 scale, with 6 as the passing threshold. You receive a pass/fail result along with your numeric score. The exam uses multiple-choice questions and the score is based on the number of correct answers.
What is the Exam SRM exam format?
Exam SRM is a 3.5-hour computer-based test with 35 multiple-choice questions, administered at Prometric testing centers. Each question has five answer choices and only one is correct. That works out to 6 minutes per question.
About FreeFellow
Jeffrey Ting
FSA, CFA · Founder
FreeFellow was built by Jeffrey Ting, a credentialed actuary and CFA charterholder who has passed thirteen of the hardest exams in finance, all on his first attempt. He paid four-figure prep fees along the way.
So he started writing his own questions, then lessons, then mock exams, until it grew into a full prep platform covering 40 exams with more than 45,000 original practice questions.
01
Cost shouldn't decide who gets in.
A CFA charter, a CPA license, an actuarial credential. Each opens a real career, but prep fees add to the cost of getting there. FreeFellow keeps its original question bank and written lessons free so you can study even if a paid course is out of reach.
02
Free should mean free.
The original question bank, the worked solutions, the topic lessons, mixed practice, and your readiness score stay free, forever. Full access needs a free account, and practice usage limits apply. Fellow adds AI grading on supported exams, spaced-repetition flashcards, full-length mock exams, analytics, and a study plan that adapts to your progress.
All 1,028 Exam SRM questions, worked solutions, and lessons are free. The full original question bank is free with an account, subject to usage limits. Worked solutions, written lessons, mixed practice, and your readiness score stay free.
