IBM C2020-002 : IBM Algo Financial Modeler Developer Fundamentals

Exam Code: C2020-002

Exam Name: IBM Algo Financial Modeler Developer Fundamentals

Updated: Oct 19, 2026

Q & A: 60 Questions and Answers

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IBM C2020-002 Exam Syllabus Topics:

SectionObjectives
IBM Algo Financial Modeler Fundamentals- Model Execution & Output
  • 1. Output reports configuration
    • 2. Live run and batch run outputs
      - Core AFM Concepts
      • 1. Model structure and layers (data, reserving, realistic)
        • 2. Standard Code workspace principles
          - Data Management
          • 1. CSV/data view setup and configuration
            • 2. Data flow and categorization
              - Model Development
              • 1. Data views and data sources configuration
                • 2. Modules and programs usage
                  • 3. Variables and assumption sets
                    - Error Handling & Debugging
                    • 1. Runtime vs generator errors
                      • 2. Model troubleshooting and validation

                        IBM Algo Financial Modeler Developer Fundamentals Sample Questions:

                        Question #1

                        In a model, to what would you attach an assumption set?

                        • A. A module
                        • B. A data view
                        • C. A projection process
                        • D. Alayer
                        Reveal Solution  Discussion  0

                        Correct Answer: D  🗳️

                        Question #2

                        Click the Exhibit button.

                        You built a model where the reserve is calculated on a sub reserving layer as shown inthe exhibit. The realistic layer calls a variable "Reserve_PP: from the reserving layer. When you run the model, Algo Financial Modeler presents you with the following generator error
                        Reserve_PP: "ReservingLayer is not recognized"
                        What is the problem?

                        • A. There is no variable called Reserve_PP in the reserving layer.
                        • B. The Reserve_PP variable is not a portfolio variable.
                        • C. The formula for Reserve_PP in the realistic layer references Reserving Layer instead of Reserving_Layer.
                        • D. Reserve_PP in the reserving layer is a step variable rather than a rollback variable.
                        Reveal Solution  Discussion  0

                        Correct Answer: C  🗳️

                        Question #3

                        Which three events are used inStandard Code? (Choose three.)

                        • A. Premium_Event
                        • B. Policy_Inception_Event
                        • C. Maturity_Event
                        • D. Policy_Anniversary_Event
                        • E. Vesting_Event
                        Reveal Solution  Discussion  0

                        Correct Answer: A,D,E  🗳️

                        Question #4

                        What is an example of a generator error?

                        • A. There are unsuppressed copies of Variable X.
                        • B. A layer is processed record by record and accepts new business.
                        • C. Variable X cannot be passed to "Layer Y" because it requires output from it.
                        • D. One record is processed of which one was in-force at the start of the layer.
                        Reveal Solution  Discussion  0

                        Correct Answer: A  🗳️

                        Question #5

                        You are setting up a new data view for a .csv file. Which two properties must youset? (Choose two.)

                        • A. Database table name
                        • B. File type
                        • C. Separator
                        • D. Filter formula
                        Reveal Solution  Discussion  0

                        Correct Answer: B,C  🗳️

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