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Free CIMA CIMAPRA19-P03-1-ENG Exam Questions

Absolute Free CIMAPRA19-P03-1-ENG Exam Practice for Comprehensive Preparation 

  • CIMA CIMAPRA19-P03-1-ENG Exam Questions
  • Provided By: CIMA
  • Exam: P3 Risk Management (Online)
  • Certification: CIMA Professional Qualification
  • Total Questions: 276
  • Updated On: Nov 24, 2025
  • Rated: 4.9 |
  • Online Users: 552
Page No. 1 of 56
   
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  • Question 1
    • DFR is an online retailer that sells picture frames The software running on DFR's website enables customers to log in and make purchases by inputting an email address as a user name and a password that must contain at least eight characters, including upper and lower case letters, numbers and punctuation marks (e.g. , $ or!) Once logged in, customers can check previous orders that they have placed.
      Customers can also use DFR's website to change personal details, including credit card numbers and delivery addresses Whenever they wish to use those facilities, the software sends a text message containing a six-digit number to their mobile phones They must input that number before the system will accept changes to their personal details
      Which TWO of the following statements are correct?

      Answer: A,C
  • Question 2
    • R plc is considering an investment of $1,100,000 in a new machine which is expected to have substantial cash inflows over the next five years.
      The annual cash flows from this investment and their probability are shown below:
      Annual cash flow ($)Probability
      200,000 0.4
      280,000 0.5
      350,000 0.1
      At the end of its five-year life, the asset is expected to sell for $100,000. The cost of capital is 5%.
      What is the Expected Net Present Value?
      Give your answer to the nearest whole $.

      Answer:
  • Question 3
    • TRF is conducting a post completion audit on an investment in a pollution control machine that has reached the end of its five year useful life.
      TRF could have been heavily fined if the machine had failed to keep pace with the output of emissions, measured in units. TRF's cost of capital is 10%. When the machine was purchased, there was a choice of three machines on the market:
      TRF purchased the Big machine, but annual requirements only exceeded 600,000once, in year 3, when 720,000 units of emissions were emitted.
      Calculate the amount that the post completion audit showsTRF overpaid for the ownership costs associated with this machine.
      Give your answer to the nearest whole $ (in $'000s).

      Answer: A
  • Question 4
    • Zia is an accountant and wishes to take out a Forward Rate Agreement (FRA)as a hedging instrument. The company treasurer has advised that a short-term interest rate (STIR)future would be better.
      Which of the following is true of an STIR?

      Answer: B
  • Question 5
    • The internal audit department has just completed an investigation into the HR department's procedures relating to new staff appointments The head of HR is unhappy with the draft report prepared by the lead internal auditor The report lists several cases in which appointments were made despite the fact that one or more of the entity's formal procedures were not followed
      The head of HR has complained that the internal auditor's comments do not allow for the fact that the HR department's staff members are often very busy and do not always have time to conduct every check.
      The internal auditor's comments also reflect a failure to complete documents None of the omissions have led to the appointment of an unsuitable member of staff
      Which TWO of the following statements reflect an appropriate response by the board of directors to this report?

      Answer: A,C
PAGE: 1 - 56
   
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