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Guide for Associate PRM (aPRM) Version 3

Quiz Associate PRM (aPRM) Version 3

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Quiz

1/10
Quantitative Risk Analysis
What is Monte Carlo simulation in the context of quantitative risk analysis?
Select the answer
1 correct answer
A.
A deterministic calculation method
B.
A simulation technique using random sampling to approximate risk outcomes
C.
A method that ignores uncertainty
D.
A qualitative assessment tool

Quiz

2/10
Risk Governance and Culture
What is the primary role of risk governance in an organization?
Select the answer
1 correct answer
A.
Establishing accountability and oversight processes
B.
Defining business strategy exclusively
C.
Managing operational performance
D.
Ensuring compliance with regulatory mandates

Quiz

3/10
Stress Testing and Scenario Analysis
What is the primary goal of stress testing in risk management?
Select the answer
1 correct answer
A.
To evaluate the resilience of a portfolio under adverse market conditions
B.
To optimize portfolio returns in mild market conditions
C.
To measure day-to-day operational efficiency
D.
To conduct valuation adjustments based on historical averages

Quiz

4/10
Operational Risk Management
What is the purpose of stress testing in operational risk management?
Select the answer
1 correct answer
A.
To evaluate the resilience of an organization under extreme conditions
B.
To forecast market profitability
C.
To test employee satisfaction and engagement levels
D.
To measure stock market volatility

Quiz

5/10
Regulatory Environment and Compliance
Which U.S. law principally governs anti-money laundering practices, requiring financial institutions to monitor and report suspicious activities?
Select the answer
1 correct answer
A.
The Bank Secrecy Act
B.
The Dodd-Frank Act
C.
Sarbanes-Oxley Act
D.
The Gramm-Leach-Bliley Act

Quiz

6/10
Financial Instruments and Derivatives
Which derivative instrument is commonly used to hedge interest rate risk?
Select the answer
1 correct answer
A.
Interest Rate Swap
B.
Option
C.
Futures Contract
D.
Forward Rate Agreement

Quiz

7/10
Liquidity Risk Management
What is the primary metric used to assess short-term liquidity resilience in a financial institution?
Select the answer
1 correct answer
A.
Liquidity Coverage Ratio
B.
Stress Testing
C.
Contingency Funding Plans
D.
Net Stable Funding Ratio

Quiz

8/10
Market Risk Measurement and Management
Which risk measure is primarily used to estimate the potential loss in value of a portfolio over a defined period for a given confidence interval?
Select the answer
1 correct answer
A.
Expected Shortfall
B.
Value at Risk
C.
Beta
D.
Standard Deviation

Quiz

9/10
Credit Risk Assessment and Management
In credit risk assessment, what does the term 'Probability of Default (PD)' represent?
Select the answer
1 correct answer
A.
the likelihood that a borrower fails to meet its debt obligations
B.
the estimated loss that occurs at default
C.
the exposure level at the time of default
D.
the portion of the defaulted amount that is expected to be recovered

Quiz

10/10
Data Management and Risk Reporting
What is the primary role of data management in risk reporting?
Select the answer
1 correct answer
A.
Ensuring consistent and reliable data for accurate analysis
B.
Concealing sensitive data from stakeholders
C.
Optimizing marketing strategies
D.
Reducing operational costs only
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  • Quiz name:Associate PRM (aPRM) Version 3
  • Total number of questions:573
  • Number of questions for the test:50
  • Pass score:80%

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