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PRMIA 8004 Exam Questions

Status: RETIRED
Exam Name: Case Studies; Standards: Governance, Best Practices and Ethics
Exam Code: 8004
Related Certification(s): PRMIA Professional Risk Managers PRM Certification
Certification Provider: PRMIA
Number of 8004 practice questions in our database: 110 (updated: 09-12-2024)
Expected 8004 Exam Topics, as suggested by PRMIA :
  • Topic 1: Risk Management, Corporate Risk Management, and Risk & Return Theory: This topic assesses the understanding of risk managers about fundamental risk management principles, corporate strategies, and the relationship between risk and return. It tests their ability to apply these concepts effectively within an organization.
  • Topic 2: Risk Governance and Financial Regulation: Focused on governance frameworks and regulatory environments, this 8004 exam topic evaluates how well PRMIA risk managers understand compliance, risk oversight, and the implementation of risk governance practices within financial institutions.
  • Topic 3: Fintech and Its Impact on Financial Intermediation and Risk Management: This topic of the PRMIA Professional Risk Managers exam explores the influence of fintech innovations on financial intermediation and risk management. It assesses the ability of risk managers to integrate emerging technologies and adapt to the evolving financial landscape.
  • Topic 4: Introduction to Financial Markets: Designed to evaluate knowledge of financial markets, this 8004 exam topic covers market structures, instruments, and functions, testing the ability of aspiring PRIMA risk managers to navigate and understand the dynamics of global financial markets.
  • Topic 5: Market Risk, Asset-Liability Management, Stress Testing, and Scenario Analysis: This PRMIA Professional Risk Managers exam topic examines the proficiency of risk managers in managing market risk, balancing assets and liabilities, and conducting stress testing and scenario analysis.
  • Topic 6: Credit Scoring, Retail Credit Risk Management, Commercial Credit Risk Management, Risk Management Practices: This 8004 exam topic focuses on the assessment of credit risk management across different sectors. The topic evaluates the ability of PRIMA risk managers to implement effective risk management practices in both retail and commercial credit environments.
  • Topic 7: Operational Risk: The topic assesses the understanding of operational risk, including identifying, managing, and mitigating risks related to internal processes, systems, and external events within financial institutions.
  • Topic 8: Risk Capital Attribution and Risk-Adjusted Performance Measurement: PRIMA risk managers are tested on their ability to attribute risk capital and measure performance on a risk-adjusted basis, ensuring they can optimize risk management strategies to enhance financial performance.
  • Topic 9: Case Studies and PRMIA Standards: This PRMIA Professional Risk Managers exam topic involves the application of risk management concepts through real-world case studies and understanding PRMIA standards, testing practical skills and adherence of risk managers to industry best practices.
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Yolande

20 days ago
Just got PRMIA certified! Pass4Success's practice questions were spot-on. Couldn't have prepared so quickly without them.
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Ronnie

2 months ago
Pass4Success is a lifesaver! Passed my PRMIA Case Studies exam with flying colors. Worth every penny.
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Jolanda

3 months ago
Aced the PRMIA exam thanks to Pass4Success. Their materials covered all the important topics. So relieved!
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Moon

4 months ago
PRMIA certified! Pass4Success provided exactly what I needed to pass. Their questions were right on target.
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Marva

4 months ago
The PRMIA Case Studies exam was challenging, but I passed it with the help of Pass4Success. A tough question was about the role of Fannie Mae and Freddie Mac in the housing market. It specifically asked about their impact on mortgage-backed securities.
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Edelmira

4 months ago
Thank you Pass4Success! Your practice tests were key to my PRMIA exam success. Highly recommend for last-minute prep!
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Stephane

5 months ago
I successfully passed the PRMIA Case Studies exam, with significant help from Pass4Success practice questions. One question that puzzled me was about Taisei Fire and Marine Insurance Co. It asked about the specific reinsurance arrangements that contributed to their financial issues.
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Dan

5 months ago
Passed PRMIA Case Studies on my first try! Pass4Success made all the difference in my quick preparation.
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Cora

6 months ago
Passing the PRMIA Case Studies exam was a relief, and I owe it to the Pass4Success practice questions. There was a detailed question about Bankgesellschaft Berlin and the real estate investments that led to their financial troubles. It required a deep understanding of their investment strategies.
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Karina

6 months ago
Thanks to Pass4Success for the excellent exam prep materials! Their practice questions really helped me pass the PRMIA Certified exam in record time.
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Lavonda

6 months ago
I passed the PRMIA Case Studies exam, and the Pass4Success practice questions were a great resource. One question that stood out was about the National Australia Bank FX Options scandal. It asked about the specific types of options involved and the internal controls that failed.
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Barb

6 months ago
Wow, that PRMIA exam was tough! Grateful for Pass4Success - their questions were incredibly similar to the real thing.
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Jeannetta

6 months ago
Risk appetite statements were emphasized. Practice crafting clear and measurable risk appetite statements for various risk types.
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Meaghan

7 months ago
The PRMIA Case Studies exam was tough, but I passed it, thanks to Pass4Success. A memorable question was about LTCM and the strategies they used that led to their near-collapse. It specifically asked about the role of leverage in their downfall, which was a bit tricky.
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Corinne

7 months ago
Behavioral risk concepts were included. Study how cognitive biases can impact risk decision-making and mitigation strategies.
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Josphine

7 months ago
I am thrilled to have passed the PRMIA Case Studies exam. The Pass4Success practice questions were invaluable. One challenging question was about Washington Mutual and the factors that led to its collapse. It asked about the specific risky lending practices they engaged in, which I found quite detailed.
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Val

7 months ago
PRMIA certification achieved! Pass4Success really came through with relevant exam prep. Couldn't have done it without them.
upvoted 0 times
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Shizue

8 months ago
Risk governance technology questions came up. Be familiar with GRC systems and their role in supporting risk management.
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Vesta

8 months ago
Passing the PRMIA Case Studies exam was a significant achievement for me, thanks to the practice questions from Pass4Success. There was a tricky question about Fannie Mae and Freddie Mac, specifically regarding the role they played in the 2008 financial crisis. I had to think hard about their involvement in the subprime mortgage market.
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Marshall

8 months ago
Change management in risk processes was covered. Understand how to implement and communicate risk management changes effectively.
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Jenifer

8 months ago
I recently passed the PRMIA Case Studies exam, and I must say, the Pass4Success practice questions were a great help. One question that caught me off guard was about the collapse of Barings Bank. It asked about the specific trading strategies Nick Leeson used that led to the bank's downfall. I wasn't entirely sure about the exact details but managed to get through it.
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Macy

8 months ago
Just passed the PRMIA Case Studies exam! Thanks Pass4Success for the spot-on practice questions. Saved me tons of time!
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Jina

11 months ago
Just passed the PRMIA Certified exam! Expect questions on ethical decision-making in risk management scenarios. Study real-world case studies involving conflicts of interest. Thanks to Pass4Success for the spot-on practice questions that helped me prepare efficiently!
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Noble

11 months ago
The exam heavily focused on best practices in risk management. You might encounter questions requiring you to apply best practices to real-world scenarios. Review industry standards and regulatory guidelines. Pass4Success's exam materials were instrumental in helping me pass this challenging certification.
upvoted 0 times
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Free PRMIA 8004 Exam Actual Questions

Note: Premium Questions for 8004 were last updated On 09-12-2024 (see below)

Question #1

Which of the following is NOT part of the PRMIA Standards of Best Practice, Conduct and Ethics (Code of Conduct) Guidance on Ethical Behavior?

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Correct Answer: A

Question #2

The Fortress Re finite reinsurance model

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Correct Answer: D

Question #3

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

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Correct Answer: D

Question #4

The condition where futures prices of an underlying asset are lower than cash (spot) prices is known as:

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Correct Answer: A

Question #5

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:

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Correct Answer: A

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