8004試験無料問題集（112題）「PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics 認定」

出題：1

Which of the following regarding Orange County is FALSE?

A. Bob Citron heavily leveraged his positions using repos

B. Bob Citron tried to "ride the yield curve"

C. Citron's losses were eventually exposed by massive margin calls

D. Bob Citron engaged in risky strategies to benefit personally

正解：D 解答を投票する

出題：2

According to the Northern Rock Case Study, what is Forced Insolvency?

A. The bank is legally solvent but if, because it cannot fund its operations, it is forced to liquidate assets it could do so only at less than nominal values (fire sale) and this would make it legally insolvent (value of assets falls below those of liabilities)

B. The bank is solvent in that the current value of its assets (measured at book value) is more than the value of its liabilities; so even if the bank were to liquidate all of its assets it would be able to repay all depositors and other creditors

C. The bank is insolvent in that the current value of its assets (measured at book value) is less than the value of its liabilities; thus even if the bank were to liquidate all of its assets it would not be able to repay all depositors and other creditors

D. The bank is legally solvent but its current funding costs (which are likely to continue) exceed the average rate of return on its assets and hence it would soon become insolvent as it would be making losses and would eventually exhaust its equity capital

正解：A 解答を投票する

出題：3

How much of Washington Mutual's assets were funded by customer deposits for the decade ending in 2006?

A. 40%

B. 60%

C. 30%

D. 50%

正解：B 解答を投票する

出題：4

Mary Jones wants the Bylaws of PRMIA to be changed so that people can't join PRMIA unless they meet a set of criteria she has devised with her colleagues. She can do this by getting which of the following approvals:

A. 34 of all Members

B. The Board of Directors alone

C. The Board of Directors and a majority of the Members

D. The Board of Directors, but only if the Blue Ribbon Panel affirms the change

正解：C 解答を投票する

出題：5

The key people involved in the application of good governance and risk management must:
I be trustworthy
II be honest
III be approved by the local regulator
IV treat others fairly at all times

A. III only

B. I, II, and III only

C. I, II, III and IV above

D. I, II, and IV only

正解：D 解答を投票する

出題：6

When describing the reasons for the collapse of China Aviation Oil, which of the following was not cited?

A. Time value was not taken into account during the contract valuation process

B. No properly defined risk management policies in place and general lack of oversight by senior management

C. Loss generating positions were rolled over by selling options on larger positions to generate cash premiums' to settle existing position losses

D. Senior management in China were aware of the positions but did not understand the complexities of risk managing them

正解：D 解答を投票する

出題：7

An Organization as a Whole must:
I Provide an environment in which an Escalation Policy can be effective II Commit itself to actual enforcement of corporate governance policies III Provide ongoing education and training to all employees on the role of risk management and corporate governance in the organization IV Publish an external auditor's opinion that the corporation is in compliance with the Board's publicly stated Standards of Corporate Governance

A. I, II and IV only

B. I, II and III only

C. I, III and IV only

D. All of these are expectations of the Organization as a Whole

正解：D 解答を投票する

出題：8

A risk assessment report generated by a PRMIA member creates an apparent conflict of interest between the PRMIA standards and those of the client organization.
Of the following, which is the correct hierarchy to follow to resolve the conflict?
I The decision of a superior within the organization
II PRMIA Standards
III Guidelines from the regulators in which the organization operates
IV The laws of the country

A. IV, III, II, and I

B. III, II, IV, and I

C. II, I, IV, and III

D. I, II, III, and IV

正解：A 解答を投票する

出題：9

According to the Group of 30 Report, option contracts:

A. Always generate credit risk to both counterparties

B. Create credit risk only for the buyer (due to default by the seller) provided the premium is due, and paid, at contract initiation

C. Usually create credit risk only for the seller (to default by the buyer)

D. Create no credit risk, since the buyer need not exercise the option

正解：B 解答を投票する

出題：10

John Smith wants to run for election to the Board of Directors of PRMIA. To be nominated, he needs:

A. The backing of 6% of local members

B. The backing of three other members

C. To go through a screening process conducted by the Nominations Committee

D. The backing of five other members and to be serving on at least one PRMIA Committee

正解：B 解答を投票する

8004試験無料問題集「PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics 認定」