PRMIA 8010 Operational Risk Manager (ORM) Exam Online Training
PRMIA 8010 Online Training
The questions for 8010 were last updated at Nov 01,2025.
- Exam Code: 8010
- Exam Name: Operational Risk Manager (ORM) Exam
- Certification Provider: PRMIA
- Latest update: Nov 01,2025
CreditRisk+, the actuarial model for calculating portfolio credit risk, is based upon:
- A . the exponential distribution
- B . the normal distribution
- C . the Poisson distribution
- D . the log-normal distribution
Which of the following belong to the family of generalized extreme value distributions:
I. Frechet
II. Gumbel
III. Weibull
IV. Exponential
- A . IV
- B . I, II and III
- C . II and III
- D . All of the above
Which of the following belong to the family of generalized extreme value distributions:
I. Frechet
II. Gumbel
III. Weibull
IV. Exponential
- A . IV
- B . I, II and III
- C . II and III
- D . All of the above
Which of the following belong to the family of generalized extreme value distributions:
I. Frechet
II. Gumbel
III. Weibull
IV. Exponential
- A . IV
- B . I, II and III
- C . II and III
- D . All of the above
Which of the following belong to the family of generalized extreme value distributions:
I. Frechet
II. Gumbel
III. Weibull
IV. Exponential
- A . IV
- B . I, II and III
- C . II and III
- D . All of the above
If a borrower has a default probability of 12% over one year, what is the probability of default over a month?
- A . 12.00%
- B . 1.00%
- C . 2.00%
- D . 1.06%
The frequency distribution for operational risk loss events can be modeled by which of the following distributions:
I. The binomial distribution
II. The Poisson distribution
III. The negative binomial distribution
IV. The omega distribution
- A . I, II and III
- B . I and III
- C . I, III and IV
- D . I, II, III and IV
For a 10 year interest rate swap, what would be the worst time for a counterparty to default (in terms of the maximum likely credit exposure)
- A . 10 years
- B . Right after inception
- C . 2 years
- D . 7 years
A bank’s detailed portfolio data on positions held in a particular security across the bank does not agree with the aggregate total position for that security for the bank .
What data quality attribute is missing in this situation?
- A . Data completeness
- B . Data integrity
- C . Auditability
- D . Data extensibility
A bank’s detailed portfolio data on positions held in a particular security across the bank does not agree with the aggregate total position for that security for the bank .
What data quality attribute is missing in this situation?
- A . Data completeness
- B . Data integrity
- C . Auditability
- D . Data extensibility
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