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: Jun 05, 2025
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Rated: 4.9 |
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Online Users: 484
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Question 1
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The Options Theoretic approach to calculating economic capital considers the value of capital as being
equivalent to a call option with a strike price equal to:
Answer: A
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The Options Theoretic approach to calculating economic capital considers the value of capital as being
equivalent to a call option with a strike price equal to:
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Question 2
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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 3
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Which of the following is not a limitation of the univariate Gaussian model to capture the codependence
structure between risk factros used for VaR calculations?
Answer: C
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Which of the following is not a limitation of the univariate Gaussian model to capture the codependence
structure between risk factros used for VaR calculations?
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Question 4
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Which of the following is true in relation to the application of Extreme Value Theory when applied tooperational risk measurement?I. EVT focuses on extreme losses that are generally not covered by standard distribution assumptionsII. EVT considers the distribution of losses in the tailsIII. The Peaks-over-thresholds (POT) and the generalized Pareto distributions are used to model extreme valuedistributionsIV. EVT is concerned with average losses beyond a given level of confidence
Answer: C
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Question 5
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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?