Free PRMIA 8010 Exam Questions
Absolute Free 8010 Exam Practice for Comprehensive Preparation
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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: Apr 11, 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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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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Question 2
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Which of the following is a cause ofmodel risk in risk management?
Answer: D
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Which of the following is a cause ofmodel risk in risk management?
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Question 3
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The risk that a counterparty fails to deliver its obligation upon settlement while having received the leg owedto it is called:
Answer: D
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Question 4
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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 5
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The key difference between 'top down models' and 'bottom up models' foroperational risk assessment is:
Answer: D
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The key difference between 'top down models' and 'bottom up models' foroperational risk assessment is: