Free CCRA: Certified Credit Research Analyst Exam Questions and Answers
Certified Credit Research Analyst is exam CCRA, part of Equalifi certification from Equalifi, formerly the Association of International Wealth Management of India. These credentials are awarded by Equalifi, the Mumbai body previously known as AIWMI, and are aimed mainly at the Indian financial services market — credit research, wealth management, treasury and risk roles. Designations are named by acronym rather than exam code.
The first 10 questions on this page are free to read, answers included — no account and no card. A plan opens the rest of the bank, the full timed practice test and your weak-topic reporting.
Last updated: September 15, 2026
- Exam code
- CCRA
- Provider
- AIWMI
- Questions in our bank
- 1000+
- Free to read
- First 10, with answers
- Official page
- Official Exam website
- Our test mode duration & pass mark
- 130 mins · 70%
Recommended: Switch to Test Mode to start a practice test that simulates the real exam experience.
Question #1
A company has a current ratio of 1.5. If its current liabilities increase by 20%, what must happen to current assets for the current ratio to remain unchanged?
Please select an optionIncorrectCorrect answer: D
To maintain the same current ratio, current assets must increase proportionately to the increase in current liabilities.
Was this answer correct?Question #2
If a company's net income is $150,000 and its total assets are $1,000,000, what is the return on assets (ROA)?
Please select an optionIncorrectCorrect answer: C
ROA is calculated as Net Income / Total Assets. Thus, $150,000 / $1,000,000 = 15%.
Was this answer correct?Question #3
A client requests a credit analysis for a new project. The project requires an investment of $1 million and is expected to generate EBIT of $200,000 annually. What is the project's interest coverage ratio if the interest expense is $80,000?
Please select an optionIncorrectCorrect answer: D
The interest coverage ratio is calculated as EBIT / Interest Expense, which is $200,000 / $80,000 = 2.5.
Was this answer correct?Question #4
A company's accounts receivable turnover ratio is 10. If its average accounts receivable is $50,000, what are its annual sales?
Please select an optionIncorrectCorrect answer: A
Accounts Receivable Turnover Ratio = Sales / Average Accounts Receivable; thus, Sales = 10 * $50,000 = $500,000.
Was this answer correct?Question #5
If a business has total assets of $2,000,000 and total liabilities of $1,200,000, what is its equity?
Please select an optionIncorrectCorrect answer: C
Equity = Total Assets - Total Liabilities; therefore, $2,000,000 - $1,200,000 = $800,000.
Was this answer correct?Question #6
A firm has an operating margin of 20% and sales of $1 million. What is its operating income?
Please select an optionIncorrectCorrect answer: B
Operating Income = Operating Margin * Sales; hence, 20% of $1,000,000 equals $200,000.
Was this answer correct?Question #7
A corporation's common stock is currently valued at $50 per share, and it has 1 million shares outstanding. What is its market capitalization?
Please select an optionIncorrectCorrect answer: D
Market Capitalization = Stock Price Shares Outstanding; thus, $50 1,000,000 = $50 million.
Was this answer correct?Question #8
If the credit risk of a specific borrower increases, what is likely to happen to the borrower's credit spread?
Please select an optionIncorrectCorrect answer: B
An increase in credit risk typically leads to a widening credit spread as lenders demand a higher premium for the additional risk.
Was this answer correct?Question #9
A company's working capital is $300,000. If its current liabilities are $200,000, what are its current assets?
Please select an optionIncorrectCorrect answer: A
Working Capital = Current Assets - Current Liabilities; therefore, Current Assets = $300,000 + $200,000 = $500,000.
Was this answer correct?Question #10
If a credit analyst rates a bond with a yield to maturity of 6% and a coupon rate of 5%, what can be inferred about the bond's current price?
Please select an optionIncorrectCorrect answer: A
If the yield to maturity exceeds the coupon rate, the bond is trading at a discount.
Was this answer correct?
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Other AIWMI certifications
- FM — Certificate in Financial Modelling (opens in a new tab)
- CFA — Certificate in Financial Analysis (opens in a new tab)
- CTE — Certificate in Trust & Estate Planning (opens in a new tab)
- CPF — Certificate in Project Finance (opens in a new tab)
- CIRA — Certified Investment Research Analyst (opens in a new tab)
- CPM — Certificate in Portfolio Management (opens in a new tab)
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FAQ
Learn More: https://equalifi.org/certifications/
- Q1: What is the CCRA: Certified Credit Research Analyst exam?
- A: CCRA: Certified Credit Research Analyst is a AIWMI certification exam. Judging by the questions in our bank, it concentrates on credit, ratio, liabilities, assets and borrower.
- Q2: What topics does the CCRA: Certified Credit Research Analyst exam cover?
- A: Questions in our CCRA: Certified Credit Research Analyst bank cluster around credit, ratio, liabilities, assets, borrower, million, rating and total. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for CCRA: Certified Credit Research Analyst?
- A: Work through the CCRA: Certified Credit Research Analyst practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real CCRA: Certified Credit Research Analyst exam questions?
- A: They are drawn from officially released past questions and from community members who have sat CCRA: Certified Credit Research Analyst. Answers are verified and updated weekly.
- Q5: Where do I register for the CCRA: Certified Credit Research Analyst exam?
- A: Register through AIWMI directly at https://equalifi.org/certifications/certified-credit-research-analyst-ccra/. Exampractice is not affiliated with AIWMI and does not administer the exam.
- Q6: Is there a free CCRA: Certified Credit Research Analyst sample?
- A: Yes. Every CCRA: Certified Credit Research Analyst page shows a free sample of real questions. Upgrading opens the full bank and the practice test.
- Q7: What are AIWMI Certification Exams?
- A: AIWMI (Association of International Wealth Management of India) Certification Exams validate your expertise in wealth management, investment advisory, financial planning, risk management, and related financial services, showcasing your proficiency in managing and growing wealth.
- Q8: Why should I pursue AIWMI Certification?
- A: AIWMI Certification enhances your professional credibility, demonstrating your skills and knowledge in wealth management and financial advisory. This can lead to better job opportunities, higher salaries, and career advancement in the financial services industry.
- Q9: What are the benefits of AIWMI Certification?
- A: Benefits include recognition as a certified wealth management professional, improved job performance, access to exclusive resources, networking opportunities, and staying current with the latest financial strategies and industry trends.
- Q10: Who should take AIWMI Certification Exams?
- A: Financial professionals, wealth managers, investment advisors, risk managers, and anyone involved in financial planning and wealth management should consider these certifications to validate their expertise and advance their careers.
- Q11: What types of AIWMI Certification Exams are available?
- A: AIWMI offers various certification paths, including the Chartered Wealth Manager (CWM®), Certified Credit Research Analyst (CCRA®), and Certificate in Family Office Advisor (CFOA), each tailored to specific roles and expertise levels in wealth management and financial services.
- Q12: How do I prepare for AIWMI Certification Exams?
- A: Preparation can include official AIWMI training programs, study guides, practice exams, online courses, and hands-on experience in wealth management and financial planning.
- Q13: Where can I take AIWMI Certification Exams?
- A: AIWMI Certification Exams can be taken online or at authorized testing centers, providing flexibility to fit your schedule and location.
- Q14: How do AIWMI Certifications impact my career?
- A: AIWMI Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in the financial services industry.
- Q15: Are there any prerequisites for AIWMI Certification Exams?
- A: Some exams may have prerequisites, such as foundational knowledge or prior certifications. Check the specific requirements for each certification path on the AIWMI website.
- Q16: How often do I need to recertify for AIWMI Certifications?
- A: AIWMI Certifications typically require continuing education and periodic recertification to ensure that certified professionals stay updated with the latest industry practices and financial regulations.