Free PRMIA 8010 Exam Questions
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PRMIA 8010 Exam Questions
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Provided By: PRMIA
- Exam: Operational Risk Manager (ORM)
- Certification: PRM
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Total Questions: 242
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Updated On: Nov 11, 2024
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Rated: 4.9 |
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Online Users: 484
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Question 1
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A financial institution is considering shedding a business unit to reduce its economic capital requirements.
Which of the following is an appropriate measure of theresulting reduction in capital requirements?
Answer: A
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A financial institution is considering shedding a business unit to reduce its economic capital requirements.
Which of the following is an appropriate measure of theresulting reduction in capital requirements?
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Question 2
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A risk management function is best organized as:
Answer: B
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A risk management function is best organized as:
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Question 3
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According to Basel II's definition of operational loss event types, losses due to acts by third parties intended to
defraud, misappropriate property or circumvent the law are classified as
Answer: C
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According to Basel II's definition of operational loss event types, losses due to acts by third parties intended to
defraud, misappropriate property or circumvent the law are classified as
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Question 4
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A bullet bond and an amortizing loan are issued at the same time with the same maturity and with the same
principal. Which of these would have a greater credit exposure halfway through their life?
Answer: D
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A bullet bond and an amortizing loan are issued at the same time with the same maturity and with the same
principal. Which of these would have a greater credit exposure halfway through their life?
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Question 5
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Which of the following decisions need to be made as part of laying down a system for calculating VaR:I. The confidence level and horizonII. Whether portfolio valuation is based upon a delta-gamma approximation or a full revaluationIII. Whether the VaR is to be disclosed in the quarterly financial statementsIV. Whether a 10 day VaR will be calculated based on 10-day return periods, or for 1-day and scaled to 10days
Answer: C
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