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

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

A. I and II

B. I, II and IV

C. I, II and III

D. I only

正解：A 解答を投票する

出題：2

Which of the following best characterize the problems that developed at Bankers Trust?

A. Volume growth at the expense of margin

B. Excessive reliance on volatile and sophisticated derivatives

C. A failure to try to protect their clients' interests

D. Over exposure to the property market

正解：C 解答を投票する

出題：3

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：4

The problems which initiated the crisis at Northern Rock during the summer of 2007 were:

A. Large customer withdrawals despite the UK regulator and the UK Treasury giving assurances that the bank was solvent

B. A general lack of confidence in mortgage backed securities associated in large part with developments in the US sub-prime mortgage market, and doubts emerging about the viability of the Northern Rock business model

C. Doubts arising about the viability of the business model which necessitated Bank of England intervention

D. A depositor run on the bank, following doubts about the viability of the Northern Rock business model

正解：B 解答を投票する

出題：5

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

A. Only a few months previously it had reported record profits.

B. The quality of its' assets was never in question.

C. Its' loan loss record was poor by industry standards.

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

正解：C 解答を投票する

出題：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

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

B. use their best judgment

C. refer the matter to their supervisor

D. comply with the higher standard under all circumstances

正解：D 解答を投票する

出題：7

Which of the following is part of the Group of 30 Report's market risk and stress testing recommendations?

A. Stress tests should incorporate changes in liquidity

B. Market risk VaR measures should be multiplied by 3 to get to a stress test figure, as long as the VaR model has been back-tested

C. Historic simulations are not effective methods of stress testing

D. To be consistent with regulatory capital measures, 10-day holding periods should be standardized for VaR reporting

正解：A 解答を投票する

出題：8

Which items below were at the core of the problems at Bankgesellschaft Berlin?

A. Political corruption and poor management

B. Rash guarantees given to investors in property linked funds

C. All of the above

D. Over exposure to the property market

正解：C 解答を投票する

出題：9

The early 2003 trading strategy of China Aviation oil was

A. to buy puts and sell calls

B. to sell puts and buy calls

C. to buy calls and sell puts

D. to sell calls and buy puts

正解：C 解答を投票する

出題：10

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

A. All PRMIA Fellow Members

B. The Blue Ribbon Advisory Panel

C. The Regional Directors

D. A two-thirds affirmative vote of all members

正解：C 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」