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Free 8020 Exam Questions - PRMIA 8020 Exam

PRMIA 8020 Exam

ORM Certificate - 2023 Update

Total Questions: 60

Last Updated : 22-02-2025

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PRMIA 8020 Exam - Prepare from Latest, Not Redundant Questions!

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PRMIA 8020 Exam Sample Questions:

Q1.

Which of the following is a correct statement about control rating scales?

AThey are enhanced by the use of software that includes inherent risk.

BA control rating scale should consider control effectiveness but not control performance.

CA control rating scale should consider both control effectiveness and control performance.

DA control rating scale should consider neither control effectiveness or control performance.

Q2.

What are some of the properties of Bottom-Up KRIs?

ASeated by senior management: tied to internal loss events at the legal entity, country, business and / or product level, reported.
daily, weekly or monthly.

BSelected by local management, based on key controls or weaknesses identified by audit reports, reported on quarterly.

CAre not used due to changes in regulations.

DSelected by local management: tied to internal loss events at the legal entity, country, business and / or product level, reported daily, weekly or monthly.

Q3.

Which of the following is not the purpose or benefit of a Risk Appetite statement?

ARisk management standards and resources are likely to be improved.

BThe governing body articulates its expectations.

CEstablishes the maximum risk that the organization can stand.

DAssists with Strategic discussions.

Q4.

An example of Credit Risk events with an Operational Risk component included?

AFailure in loan approval process leading to erroneously approved loans.

BPonzi Schemes.

CRogue Trading.

DPonzi Schemes & Rogue Trading.

Q5.

For the Northern Rock case study, what was the low-probability-high-impact event that was most responsible for the loss event?

AThe acquisition of Merrill Lynch by Bank of America.

BThe Bank of England's withdrawal of Deposit Protection.

CLiquidity dried up in the inter-bank and commercial paper markets.

DAn exposure to real estate funds, heavily concentrated in Berlin.

Solutions:

Question: 1 Answer: C

Question: 2 Answer: D

Question: 3 Answer: C

Question: 4 Answer: D

Question: 5 Answer: C

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