What is the primary purpose of a data retention policy in an AI system?

To define how long data should be kept and when it should be deleted

To ensure data is backed up regularly

To classify data based on sensitivity

To determine the storage technology to use for data

Which access control model grants permissions based on the roles of individual users within an organization?

Discretionary access control (DAC)

Role-based access control (RBAC)

Attribute-based access control (ABAC)

A financial institution is building a credit-scoring model. The data team notices that the training dataset contains duplicate customer records and some fields have inconsistent formats (e.g., dates in different formats). They also suspect that the data may not represent all customer segments equally. Which combination of actions best addresses these data quality issues before model training?

Perform a bias analysis and remove duplicates, but leave formats as-is to avoid altering the data.

Remove duplicates and standardize formats, then proceed to model training.

Remove duplicates, standardize formats, and perform a bias analysis on the dataset.

Standardize formats and perform a bias analysis, but keep duplicates for model robustness.

ISACAAdvanced in AI Risk

Domain 2Objective 4

AI Data and Asset Management AAIR Practice Questions (Page 6)

Part of the AI Life Cycle Risk Management domain, which accounts for 21% of the AAIR exam.

41questions here

9free pages

13concepts

21%of the exam

Questions 26–30

26foundation · easy
Which data quality dimension measures whether data accurately reflects the real-world entity or event it represents?
Select an answer first
27foundation · easy
What is the primary purpose of a data retention policy in an AI system?
Select an answer first
28foundation · easy
In the AI data life cycle, which stage involves checking the data for errors, inconsistencies, and missing values before the data is used for model training?
Select an answer first
29foundation · easy
Which access control model grants permissions based on the roles of individual users within an organization?
Select an answer first
30application · medium
A financial institution is building a credit-scoring model. The data team notices that the training dataset contains duplicate customer records and some fields have inconsistent formats (e.g., dates in different formats). They also suspect that the data may not represent all customer segments equally. Which combination of actions best addresses these data quality issues before model training?
Select an answer first

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AI Data and Asset Management AAIR Practice Questions (Page 6)

Questions 26–30

Which data quality dimension measures whether data accurately reflects the real-world entity or event it represents?

What is the primary purpose of a data retention policy in an AI system?

In the AI data life cycle, which stage involves checking the data for errors, inconsistencies, and missing values before the data is used for model training?

Which access control model grants permissions based on the roles of individual users within an organization?

Keep studying — AI Life Cycle Risk Management