Weekend Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code = simple70

Pass the PRMIA PRM Certification 8004 Questions and answers with ExamsMirror

Practice at least 50% of the questions to maximize your chances of passing.
Exam 8004 Premium Access

View all detail and faqs for the 8004 exam

Go to Exam

534 Students Passed

90% Average Score

91% Same Questions
Viewing page 1 out of 4 pages
Viewing questions 1-10 out of questions
Questions # 1:

For the sentence

"The organization should have at its disposal employees who have adequate _________, ________ and _______ to perform the tasks assigned to them",

Choose the correct combination of words from the following options:

Options:

A.

knowledge, skills, expertise

B.

experience, skills, previous successes

C.

risk appetite, knowledge, expertise

D.

track record, expertise, skills

Questions # 2:

A risk manager finds that a client is engaged in a practice that looks like money laundering.

According to the PRMIA Standards of Best Practice, Conduct and Ethics (Code of Conduct), the risk manager should:

Options:

A.

Approach the client about the concern, regardless of what their reaction might be

B.

Respect the client's confidentiality as that takes precedence

C.

Report this conduct to their immediate supervisor

D.

Report the findings immediately to authorities

Questions # 3:

When considering the performance of Northern Rock within its peer group of banks, which of the following is not correct?

Options:

A.

Only a few months previously it had reported record profits.

B.

The quality of its' assets was never in question.

C.

For many years it was regarded as a star-performer in the financial markets.

D.

Its' loan loss record was poor by industry standards.

Questions # 4:

Which of the following would have contributed to noticing and preventing Leeson's violations at Barings?

Options:

A.

Separation of front and back offices

B.

More senior level involvement at Barings regarding use of derivatives

C.

Recognition that large profits can be an indicator of higher risk

D.

All of the above

Questions # 5:

The Chair, Vice Chair, Secretary and Treasurer of the PRMIA Board of Directors are elected by:

Options:

A.

All PRMIA Fellow Members

B.

The Regional Directors

C.

The Blue Ribbon Advisory Panel

D.

A two-thirds affirmative vote of all members

Questions # 6:

With respect to the Purpose of Professional Standards, in the event of any difference in standards between local laws/rules and those of PRMIA, members must

Options:

A.

use their best judgment

B.

abide by the applicable laws, rules, and regulations of PRMIA and any government and/or regulatory bodies

C.

comply with the higher standard under all circumstances

D.

refer the matter to their supervisor

Questions # 7:

Which of the following best characterizes the problems that developed at Bankgesellschaft Berlin?

Options:

A.

Volume growth at the expense of margin.

B.

Excessive reliance on volatile trading income.

C.

Banking is a "for-profit" business, not a means of fulfilling political goals.

D.

A company culture where profits may justify "excesses."

Questions # 8:

PRMIA is incorporated as:

Options:

A.

A for-profit corporation

B.

A non-profit corporation

C.

A charitable trust

D.

A non profit corporation with for profit subsidiaries

Questions # 9:

MGRM's losses due to "stacking" started to increase when

Options:

A.

the oil market went from contango to backwardation

B.

the oil market went from backwardation to contango

C.

the oil market went from weak backwardation to strong backwardation

D.

the oil market went from strong contango to weak contango

Questions # 10:

A VaR model for managing market risk at Barings Bank in London would most likely have:

Options:

A.

Alerted senior management to the problems before the major losses occurred

B.

Helped very little as Nick Leeson hid many trades

C.

Not correctly assessed the risk in Nick Leeson's option trades as they have non-linear price characteristics

D.

Been used if senior management had ever seen it

Viewing page 1 out of 4 pages
Viewing questions 1-10 out of questions
TOP CODES

TOP CODES

Top selling exam codes in the certification world, popular, in demand and updated to help you pass on the first try.

2V0-11.25
ADM-201
Agentforce-Specialist
CMMC-CCP
Data-Cloud-Consultant
PCNSE
PDI
PSE-Strata-Pro-24
Secure-Software-Design
Sharing-and-Visibility-Architect
Workday-Pro-Integrations
ZDTA