Most Recent PRMIA 8004 Exam Dumps

Prepare for the PRMIA Case Studies; Standards: Governance, Best Practices and Ethics exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the PRMIA 8004 exam and achieve success.

The questions for 8004 were last updated on Feb 22, 2025.

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Question No. 1

The failure of Washington Mutual was NOT due to which one of the following?

AUsing a combination of subprime mortgage loans and credit cards

BIt failed due to the poor quality of its assets

CLow lending standards and bad quality acquisitions

DA run on its deposits by bank customers

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Correct Answer: D

Question No. 2

A PRMIA member is offered a highly paid work assignment on the condition that some aspects of assignment are not to be done according to PRMIA standards.

What should they do?

APerform the assignment, noting in the final report the standards to which the assignment was done

BAccept the assignment, produce and deliver two reports according to both standards

CAccept the assignment, and prior to doing any work, report the conflict of interest to the organization's compliance department

DThe PRMIA member should place the integrity of the risk management profession and users of risk management above their own personal interests, and refuse the work

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Correct Answer: D

Question No. 3

The Risk Management Infrastructure of an organization must:

I To the extent possible, avoid silos of control and oversight

II Have budgets set by the business unit leaders

III Actively provide ongoing professional development for risk management staff and require them to be committed to standards of best practice, conduct and ethics in their work

IV Provide general risk management and related corporate governance training for employees of the organization as a Whole

AI only

BI, III and IV only

CI and III only

DAll of these are expected of the Risk Management Infrastructure

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Correct Answer: B

Question No. 4

Which of the following was a key problem in the Barings Bank case?

AHaving the back office and front office operations under the same person

BDifference in the contract sizes in the OSE and SIMEX

CThe different time zones that the office was trading in

DLeeson was executing an arbitrage strategy even though he was not authorized to do so

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Correct Answer: A

Question No. 5

Which of the following regarding Orange County is FALSE?

ABob Citron engaged in risky strategies to benefit personally

BBob Citron tried to 'ride the yield curve'

CBob Citron heavily leveraged his positions using repos

DCitron's losses were eventually exposed by massive margin calls

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Correct Answer: A

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