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8008 practice test questions answers

PRMIA 8008 Dumps Questions Answers

Exam Code:
8008
Last Update: Dec 18, 2024
362 Questions
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Average Score In Real
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Pass PRMIA Certification Exam PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition Braindumps

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PRMIA 8008 Exam Dumps FAQs

The PRMIA 8008 Exam assesses candidates understanding of quantitative risk concepts, mathematical techniques, and financial instruments. It is part of the Professional Risk Manager (PRM) certification program.
The PRMIA 8008 exam is ideal for professionals seeking the PRM designation, particularly those in risk management, banking, insurance, and financial services. It validates your understanding of key risk management frameworks and practices.

The PRMIA 8008 exam delves into various areas of risk management, including:

  • Risk Management Frameworks (COSO, ERM)
  • Operational Risk
  • Credit Risk
  • Counterparty Risk
  • Market Risk
  • Asset Liability Management (ALM)
  • Funds Transfer Pricing (FTP)
The PRMIA 8008 exam consists of 36 multiple-choice questions and candidates have 90 minutes to complete the exam.
The passing score for the PRMIA 8008 exam is typically 60%.

Both the PRMIA 8008 and 8009 contribute to earning the prestigious PRM (Professional Risk Manager) designation, they focus on distinct aspects of risk management.

  • PRMIA 8008: The PRMIA 8008 Exam serves as a foundational exam for those aspiring to become PRMs and provides a comprehensive understanding of risk management principles.
  • PRMIA 8009: The PRMIA 8009 Exam tests your critical thinking skills and your ability to analyze complex risk situations and propose effective solutions.

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PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition Questions and Answers

Questions 1

If X represents a matrix with ratings transition probabilities for one year, the transition probabilities for 3 years are given by the matrix:

Options:

A.

P ^ (-3)

B.

P x P x P

C.

3 [P ^ (-1)]

D.

3 [P]

Questions 2

What does a middle office do for a trading desk?

Options:

A.

Operations

B.

Transaction data entry

C.

Reconciliations

D.

Risk analysis

Questions 3

CreditRisk+, the actuarial model for calculating portfolio credit risk, is based upon:

Options:

A.

the exponential distribution

B.

the normal distribution

C.

the Poisson distribution

D.

the log-normal distribution

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