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8008 Practice Questions
PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition
Last Update 2 days ago
Total Questions : 362
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Our free PRM Certification practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about 8008. Use this test to pinpoint which areas you need to focus your study on.
The definition of operational risk per Basel II includes which of the following:
I. Risk of loss resulting from inadequate or failed internal processes, people and systems or from external events
II. Legal risk
III. Strategic risk
IV. Reputational risk
Which of the following are measures of liquidity risk
I. Liquidity Coverage Ratio
II. Net Stable Funding Ratio
III. Book Value to Share Price
IV. Earnings Per Share
Which of the following are valid objectives of a reverse stress test:
I. Ensure that a firm can survive for long enough after risks have materialized for it to either regain market confidence, restructure or be sold, or be closed down in an orderly manner,
II. Discover the vulnerabilities of the current business plan,
III. Better integrate business and capital planning,
IV. Create a 'zero-failure' environment at the systemic level in the financial sector
What is the combined VaR of two securities that are perfectly positively correlated.
