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: Dec 07, 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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A financial institution is considering shedding a business unit to reduce its economic capital requirements.
Which of the following is an appropriate measure of theresulting reduction in capital requirements?
Answer: A
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A financial institution is considering shedding a business unit to reduce its economic capital requirements.
Which of the following is an appropriate measure of theresulting reduction in capital requirements?
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Question 2
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Which of the following is true for the actuarial approach to credit risk modeling (CreditRisk+):
Answer: C
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Which of the following is true for the actuarial approach to credit risk modeling (CreditRisk+):
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Question 3
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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 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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Whichof the following statements are true in relation to Historical Simulation VaR?I. Historical Simulation VaR assumes returns are normally distributed but have fat tailsII. It uses full revaluation, as opposed to delta or delta-gamma approximationsIII. Acorrelation matrix is constructed using historical scenariosIV. It particularly suits new products that may not have a long time series of historical data available
Answer: A
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