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Free PRMIA 8010 Exam Questions

Absolute Free 8010 Exam Practice for Comprehensive Preparation 

  • PRMIA 8010 Exam Questions
  • Provided By: PRMIA
  • Exam: Operational Risk Manager (ORM)
  • Certification: PRM
  • Total Questions: 242
  • Updated On: Nov 20, 2024
  • Rated: 4.9 |
  • Online Users: 484
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  • Question 1
    • Which of the following statements are true:
      I.Top down approaches help focus management attention on the frequency and severity of loss events, while
      bottom up approaches do not.
      II. Top down approaches rely upon high level data while bottom up approaches need firm specific risk data to
      estimate risk.
      III. Scenario analysis can help capture both qualitative and quantitative dimensions of operational risk.

      Answer: B
  • Question 2
    • Under the KMV Moody's approach to calculating expectingdefault frequencies (EDF), firms' default on obligations is likely when: 

      Answer: D
  • Question 3
    • Which of the following is true in relation to the application of Extreme Value Theory when applied to
      operational risk measurement?
      I. EVT focuses on extreme losses that are generally not covered by standard distribution assumptions
      II. EVT considers the distribution of losses in the tails
      III. The Peaks-over-thresholds (POT) and the generalized Pareto distributions are used to model extreme value
      distributions
      IV. EVT is concerned with average losses beyond a given level of confidence

      Answer: C
  • Question 4
    • Which of the following is true for the actuarial approach to credit risk modeling (CreditRisk+): 

      Answer: C
  • Question 5
    • 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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