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: Sep 04, 2026
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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 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 2
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Which of the following statements are true:I. Credit risk and counterparty risk are synonymousII. Counterparty risk is the contingent risk from a counterparty's default in derivative transactionsIII. Counterparty risk is the risk of a loan default or the risk from moneys lent directlyIV. The exposure at default is difficult to estimate for credit risk as it depends upon market movements
Answer: C
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Question 3
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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 4
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Which of the following statements are true:I.Top down approaches help focus management attention on the frequency and severity of loss events, whilebottom up approaches do not.II. Top down approaches rely upon high level data while bottom up approaches need firm specific risk data toestimate risk.III. Scenario analysis can help capture both qualitative and quantitative dimensions of operational risk.
Answer: B
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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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