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
 
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
 
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
 
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
 
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
 
Loss provisioning is intended to cover:
- A . Unexpected losses
 - B . Losses in excessof unexpected losses
 - C . Both expected and unexpected losses
 - D . Expected losses
 
For a hypotherical UoM, the number of losses in two non-overlapping datasets is 24 and 32 respectively. The Pareto tail parameters for the two datasets calculated using the maximum likelihood estimation method are 2 and 3 .
What is an estimate of the tail parameter of the combined dataset?
- A . 2.57
 - B . 2.23
 - C . 3
 - D . Cannot be determined
 
There are two bonds in a portfolio, each with a market value of $50m. The probability of default of the two bonds are 0.03 and 0.08 respectively, over a one year horizon.
If the probability of the two bonds defaulting simultaneously is 1.4%, what is the default correlation between the two?
- A . 0%
 - B . 100%
 - C . 40%
 - D . 25%
 
	