8004 PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Free Practice Exam Questions (2025 Updated)
Prepare effectively for your PRMIA 8004 PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.
Which of the following are PRMIA Governance Principles?
I. Independence of Key Parties
II. Disclosure and Transparency
III. Internal Validation
IV. Solvency
Bankgesellschaft Berlin's failures can be best characterised as
The Fortress Re accounting risk transfer procedures
Which of the following are PRMIA Governance Principles?
I. Sufficiency of Key Resources and Process
II. State of the Art Risk Management Technology
III. Ongoing Education and Discernment
IV. Sufficiency of Key Competencies
Unlike the case at Barings Bank, National Australia Bank:
What was the main risk scenario on the Metallgesellschaft trading strategy?
The problems which initiated the crisis at Northern Rock during the summer of 2007 were:
Which of the following best characterize the problems that developed at Bankers Trust?
Select the one correct statement relative to Barings Bank.
Which of the following is part of the Group of 30 Report's market risk and stress testing recommendations?
How much of Washington Mutual's assets were funded by customer deposits for the decade ending in 2006?
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:
When describing the reasons for the collapse of China Aviation Oil, which of the following was not cited?
Every PRMIA chapter is designed to serve the local needs of members, so they often have fairly independent planning structures and ideas. According to the PRMIA Bylaws, Regional Chapters and Regional Directors:
Which of the following best characterizes the problems that developed at Bankgesellschaft Berlin?
National Australia Bank and Barings cases are similar in that:
Metallgesellschaft's retail contracts were
A risk manager is asked to analyze the credit risk of a convertible bond. The risk manager has never analyzed convertible bonds, but does have significant expertise in credit risk. The risk manager accepts the assignment, finds a paper on the subject through the PRMIA web site and copies the method used there. The risk manager completes the assignment and delivers a report to his or her direct supervisor and the supervisor is quite pleased.
According to the PRMIA Standards of Best Practice, Conduct and Ethics (Code of Conduct), this was acceptable behavior if the following conditions were met:
I. The risk manager disclosed the lack of knowledge about convertible bonds
II. The methodology employed is disclosed and explained
III. The report was just to be used for analysis and not in practice
IV. The risk manager was sure of his/her understanding of the paper found on the web
Boards, including Audit and Risk Committees must:
I. Clearly articulate the corporate risk appetite to senior management
II. Thoroughly review compensation plans of potentially "highly compensated positions" for consistency with corporate risk appetite, competitive market conditions and fiduciary responsibility to shareholders
III. Have a single member formally given responsibility for understanding and reporting the effectiveness of the corporation's risk management infrastructure
IV. Be fully accountable to shareholders and work to the benefit of public good and financial stability
Which of the following was a key problem in the Barings Bank case?
