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8010 practice test questions answers

PRMIA 8010 Dumps Questions Answers

Exam Code:
8010
Last Update: Dec 18, 2024
240 Questions
PDF + Testing Engine
$57.75  $164.99
 
Testing Engine (only)
$43.75  $124.99
 
PDF (only)
$36.75  $104.99
 

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PRMIA 8010 Exam Dumps FAQs

The PRMIA 8010 Exam, also known as the Operational Risk Manager (ORM) Exam, assesses candidates knowledge and understanding of operational risk management.
The PRMIA 8010 Exam is designed for professionals working in risk management, financial services, and related fields. It is particularly relevant for those involved in operational risk assessment and control.
The PRMIA 8010 Exam covers a wide range of topics, including operational risk frameworks, risk assessment methodologies, risk modeling, regulatory requirements, and best practices in risk management.
The PRMIA 8010 exam consists of 240 questions in total.
You'll have 3 hours to complete the PRMIA 8010 exam.
The passing score for the PRMIA 8010 exam is 60%.

The PRMIA 8010 Exam focuses on operational risk management within financial institutions. On the other hand, the PRMIA 8014 Exam emphasizes risk management frameworks and practices.

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Yes, the PRMIA 8010 Exam PDF questions are downloadable for offline access. This allows you to study conveniently, even without an internet connection.
Yes, the practice questions on Marks4sure are designed to closely resemble the actual 8010 exam questions, ensuring effective preparation.

Operational Risk Manager (ORM) Exam Questions and Answers

Questions 1

When compared to a high severity low frequency risk, the operational risk capital requirement for a low severity high frequency risk is likely to be:

Options:

A.

Higher

B.

Zero

C.

Lower

D.

Unaffected by differences in frequency or severity

Questions 2

Which of the following decisions need to be made as part of laying down a system for calculating VaR:

I. How returns are calculated, eg absoluted returns, log returns or relative/percentage returns

II. Whether VaR is calculated based on historical simulation, Monte Carlo, or is computed parametrically

III. Whether binary/digital options are included in the portfolio positions

IV. How volatility is estimated

Options:

A.

I, II and IV

B.

II and IV

C.

I and III

D.

All of the above

Questions 3

Which of the following techniques is used to generate multivariate normal random numbers that are correlated?

Options:

A.

Simulation

B.

Markov process

C.

Cholesky decomposition of the correlation matrix

D.

Pseudo random number generator

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