Free PRMIA 8004 Exam Dumps Questions & Answers

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

• A.  Market Risk
• B.  Operational and Regulatory Compliance Risk
• C.  All of the Above
• D.  Credit Risk

The "Renewing the Dream" program signed into law by President George W Bush in 2002 was designed to

• A.  Recapitalise Fannie Mae and Freddie Mac with US$2.4 billion of additional capital to ensure they weathered the risks associated with any future downturn in the housing markets
• B.  Allow risky, high-cost loans to be credited towards affordable housing goals
• C.  Provide tax credits of nearly US$2.4 billion over the next 5 years to investors and builders who developed affordable single-family housing in poor and distressed areas
• D.  Provide grants of US$800 million to help home buyers with down-payment and closing costs

The problems at WorldCom can best be characterized as related to:

• A.  Market Risk
• B.  Operational and Regulatory Compliance Risk
• C.  All of the Above
• D.  Credit Risk

Which of the following are PRMIA Governance Principles?
I Sufficiency of Key Resources and Process
II State of the Art Risk Management Technology
III Ongoing Education and Discernment
IV Sufficiency of Key Competencies

• A.  All of these are PRMIA Governance Principles
• B.  I, II and IV only
• C.  I and II only
• D.  I, III and IV only

With a PRMIA member's need to reconcile their internal and external responsibility to perform their work in an independent and appropriate fiduciary manner, which of the following options must be taken into consideration when performing risk management duties?

• A.  The local regulator, internal controls, and shareholders
• B.  Internal controls of the organization, and the local regulator
• C.  Only the internal controls and compliance standards
• D.  Internal controls, and the expectations of stakeholders, shareholders, and the general public