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Sharpen Your Knowledge with PRMIA PRM (Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP ? 2015 Edition) Certification Sample Questions
CertsTime has provided you with a sample question set to elevate your knowledge about the PRMIA Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP ? 2015 Edition exam. With these updated sample questions, you can become quite familiar with the difficulty level and format of the real Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP ? 2015 Edition certification test. Try our sample PRMIA Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP ? 2015 Edition certification practice exam to get a feel for the real exam environment. Our sample practice exam gives you a sense of reality and an idea of the questions on the actual PRMIA Professional Risk Managers certification exam.
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PRMIA Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP ? 2015 Edition Sample Questions:
Stress testing is useful for which of the following purposes:
I,For providing the risk manager with an intuitive check on his risk estimates
II,Providing a means of communicating risk implications using plausible scenarios that can be easily explained to a non-technical audience
III,Guarding against major errors in the form of model risk
IV. Complying with the requirements of Basel II.
Which of the following statements are true with respect to stress testing:
I,Stress testing results in a dollar estimate of losses
II,The results of stress testing can replace VaR as a measure of risk as they are better grounded in reality
III,Stress testing provides an estimate of losses at a desired level of confidence
IV. Stress testing based on factor shocks can allow modeling extreme events that have not occurred in the past
In January, a bank buys a basket of mortgages with a view to securitize them by April. Due to an unexpected lack of investors in the securitization market, it is unable to do so and is left with the exposure to the mortgages on its books. This is an example of:
Which of the following statements are true:
I,Stress tests should consider simultaneous pressures in funding and asset markets, and the impact of a reduction in liquidity
II,Judging the effectiveness of risk mitigation techniques is not a part of stress testing
III,A reverse stress test is useful for discovering hidden vulnerabilities and inconsistencies in hedging strategies
IV. Reputational risk, which is explicitly excluded from the definition of operational risk under Basel II, should still be considered as part of stress tests.
Which of the following introduces model error when basing VaR on a normal distribution with a static mean and standard deviation?
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