I feel like overlooking this area (interest rate risk management) because it was tested in the June 2014 and Dec 2014 exams so chances of it coming in June 2015 are not so much. Is this an okay policy?
I noticed BSOP didn’t come up last time so I feel I need to focus there.
You may be right, but it is dangerous to overlook any area. The examiners know that people try and guess what will come up and so they often deliberately do what people are not expecting to happen!