Free Access PRMIA.8009.v2022-03-04.q40 Practice Test (Page 7)

Question 26

Unlike the case at Barings Bank, National Australia Bank:

A.Was not dealing in derivatives

B.Had a Board of Directors that was unaware of the true nature of trading activities

C.Had a separation of duties between trading and back office

D.Had a risk management infrastructure that was credited with doing its' job well, despite the losses

Question 27

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:

A.risk appetite, knowledge, expertise

B.experience, skills, previous successes

C.knowledge, skills, expertise

D.track record, expertise, skills

Question 28

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

A.Respect local laws and regulations

B.Ensure globally accepted standards are adhered to at all costs

C.Respect local customs

D.Take responsibility for your work

Question 29

The multi-dimensional risk problem at Northern Rock did not include which one of the combinations of the following?

A.Business Model; Corporate Governance; Moral Hazard; and Deposit Protection

B.Deposit Protection; Moral Hazard; Business Model; and LPHI Risk

C.Corporate Governance; Moral Hazard; Role of Government; and Credit Risk

D.LPHI Risk; Business Model; Solvency vs. Liquidity: and Deposit Protection

Question 30

The problems in the Orange County case can best be characterized as failures related to:

A.Credit Risk

B.Operational and Regulatory Compliance Risk

C.Market Risk

D.All of the Above

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Question 26

Question 27

Question 28

Question 29

Question 30

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