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: Sep 27, 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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Under thebasic indicator approach to determining operational risk capital, operational risk capital is equal to:
Answer: A
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Under thebasic indicator approach to determining operational risk capital, operational risk capital is equal to:
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Question 2
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Under the KMV Moody's approach to calculating expectingdefault frequencies (EDF), firms' default on
obligations is likely when:
Answer: D
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Under the KMV Moody's approach to calculating expectingdefault frequencies (EDF), firms' default on
obligations is likely when:
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Question 3
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The VaR of a portfolio at the 99% confidence level is $250,000 when mean return is assumed to be zero. If the
assumption of zero returns is changed to an assumption of returns of $10,000, what is the revised VaR?
Answer: B
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The VaR of a portfolio at the 99% confidence level is $250,000 when mean return is assumed to be zero. If the
assumption of zero returns is changed to an assumption of returns of $10,000, what is the revised VaR?
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Question 4
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For a hypotherical UoM, the number of losses in two non-overlapping datasets is 24 and 32 respectively. The
Pareto tail parameters for the two datasets calculated using the maximum likelihood estimation method are 2
and 3. What is an estimate of the tail parameter of the combined dataset?
Answer: A
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For a hypotherical UoM, the number of losses in two non-overlapping datasets is 24 and 32 respectively. The
Pareto tail parameters for the two datasets calculated using the maximum likelihood estimation method are 2
and 3. What is an estimate of the tail parameter of the combined dataset?
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Question 5
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The frequency distribution for operational risk loss events can be modeled by which of the followingdistributions:I. The binomial distributionII. The Poisson distributionIII. The negative binomial distributionIV. The omega distribution
Answer: A
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