Free CIMA CIMAPRA19-P03-1-ENG Exam Questions
Absolute Free CIMAPRA19-P03-1-ENG Exam Practice for Comprehensive Preparation
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CIMA CIMAPRA19-P03-1-ENG Exam Questions
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Provided By: CIMA
- Exam: P3 Risk Management (Online)
- Certification: CIMA Professional Qualification
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Total Questions: 276
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Updated On: Apr 16, 2026
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Rated: 4.9 |
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Online Users: 552
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Question 1
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You have been assigned the role of lead internal auditor. Your task is to carryout the annual assessment of the production line maintenance department.
When planning for this audit, which of the following must be completed?
Answer: A,C,D
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You have been assigned the role of lead internal auditor. Your task is to carryout the annual assessment of the production line maintenance department.
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Question 2
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A UK manufacturing company has simultaneously:
* purchased a put option to sell USD 1million at an exercise price of GBP1.00 = USD1.65
* sold a call option that grants the option holder the right to buy USD 1million at a price of GBP1.00 = USD1.61(this option has the same maturity date as the put).
Which of the following is a valid explanation for entering into these option positions?
Answer: A
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A UK manufacturing company has simultaneously:
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Question 3
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Which of the following statements are correct?
Answer: A,C
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Which of the following statements are correct?
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Question 4
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D plc is a public relations company. Shares in D plc have recently been listed on the UK stock exchange.
D plc has an internal audit department that reports to the Chief Executive Officer (CEO). The CEO is considering outsourcing internal audit to an audit firm, whichwould not be the firm that conducts D plc's external audit.
Identify THREE advantages to D plc of outsourcing internal audit in this way.
Answer: A,D
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D plc is a public relations company. Shares in D plc have recently been listed on the UK stock exchange.
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Question 5
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Which method of quantifying risk exposure can be used to calculate the maximum loss on a portfolio occurring within a period of time with a given probability?
Answer: D
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Which method of quantifying risk exposure can be used to calculate the maximum loss on a portfolio occurring within a period of time with a given probability?