FC-AI Sample Questions & Answers
Working with data in AI ties with building an organizational AI business case for the biggest share, ahead of four evenly tied areas: AI's history and milestones, ethical concerns like bias and privacy, enablers such as robotics and machine learning, and career impact.
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- Question 1Intermediate
An Introduction to AI and Historical Development · Key AI Definitions
During a corporate training session, an instructor defines a concept as 'the mental quality that consists of the abilities to learn from experience, adapt to new situations, understand and handle abstract concepts, and use knowledge to manipulate one's environment.' Which specific term is the instructor defining?
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Correct answer: D
According to the BCS syllabus, this is the exact definition of Human Intelligence. It contrasts with Artificial Intelligence, which is intelligence demonstrated by machines.
- Question 2Beginner
An Introduction to AI and Historical Development · Historical Milestones of AI
True or False: The Asilomar principles were established during the 1956 Dartmouth conference to dictate the initial funding structure for artificial intelligence research.
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Correct answer: B
False. The Dartmouth conference (1956) is considered the starting point of AI as a field of practice. The Asilomar AI Principles were developed much later (2017) as a set of guidelines for responsible AI development.
- Question 3Intermediate
An Introduction to AI and Historical Development · Types of AI
A marketing agency uses a generative AI tool to draft blog posts and create advertising copy. Despite the tool's impressive ability to generate human-sounding text across various topics, the system still falls under a specific classification of AI. Which category does this generative AI tool belong to?
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Correct answer: D
Despite their impressive capabilities, current generative AI models, including Large Language Models (LLMs), are classified as Narrow AI (ANI). They are task-specific (generating text/images based on patterns) and do not possess human-level understanding or general cognitive abilities (AGI).
- Question 4Advanced
An Introduction to AI and Historical Development · Impact of AI on Society
An AI ethics board is reviewing a new algorithmic trading platform. The board mandates that the system must demonstrate 'explicability' so stakeholders can understand how financial decisions are made. Whose foundational ethical principles is the board primarily referencing?
graph TD A[Ethical AI Frameworks] --> B[Framework 1] A --> C[Framework 2] B --> D[Beneficence] B --> E[Non-maleficence] B --> F[Autonomy] B --> G[Justice] B --> H[Explicability] C --> I[Safety, Security, Robustness] C --> J[Transparency, Explainability] C --> K[Fairness] C --> L[Accountability, Governance] C --> M[Contestability, Redress]Show answer & explanation
Correct answer: A
Floridi & Cowls defined five core ethical principles for AI: beneficence, non-maleficence, autonomy, justice, and explicability. The UK AI principles use different terminology (e.g., transparency and explainability).
- Question 5Beginner
Ethical and Legal Considerations · Ethical Concerns in AI
A financial institution is developing an AI system for loan approvals. The system complies with all current financial regulations and anti-discrimination laws. However, the development team decides to implement additional safeguards to ensure the system treats all demographic groups fairly, going beyond what is strictly required by legislation. This decision best illustrates the difference between:
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Correct answer: C
Law represents mandatory, enforceable rules that an organisation must follow. Ethics relate to voluntary moral principles that govern behaviour. In this scenario, the company is meeting legal requirements but applying ethical principles to go beyond the baseline law.
- Question 6IntermediateSelect 3
Ethical and Legal Considerations · Guiding Principles in Ethical AI
An organisation is aligning its new AI governance framework with the official UK AI Principles. Which THREE of the following are explicitly named as core principles within this specific framework? (Select THREE)
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Correct answers: B, D, E
Fairness is one of the five UK AI Principles. (The other two are 'Transparency and explainability' and 'Accountability and governance').
Contestability and redress is one of the five UK AI Principles.
Safety, security and robustness is one of the five UK AI Principles.
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