Free PRMIA 8010 Exam Questions

Become PRMIA Certified with updated 8010 exam questions and correct answers

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Total 242 Questions | Updated On: Oct 26, 2026

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Question 1

The risk that a counterparty fails to deliver its obligation upon settlement while having received the leg owed

to it is called:

A : e-settlement risk

B : edit risk

C : placement risk

D : ttlement risk

Answer: D

Question 2

Under thebasic indicator approach to determining operational risk capital, operational risk capital is equal to:

A : 15% of the average gross income (considering only the positive years) of the past three years

B : 15% of the average net income (considering only thepositive years) of the past three years

C : 25% of the average gross income (considering only the positive years) of the past three years

D : 15% of the average gross income of the past five years

Answer: A

Question 3

Under the KMV Moody's approach to calculating expectingdefault frequencies (EDF), firms' default on obligations is likely when:

A : pected asset values one year hence are below total liabilities

B : et values reach a level below short term debt

C : et values reach a level below totalliabilities

D : et values reach a level between short term debt and total liabilities

Answer: D

Question 4

A bullet bond and an amortizing loan are issued at the same time with the same maturity and with the same principal. Which of these would have a greater credit exposure halfway through their life?

A : determinate with the given information

B : ey would have identical exposure half way through their lives

C : amortizing loan

D : bullet bond

Answer: D

Question 5

Whichof the following statements are true in relation to Historical Simulation VaR?

I. Historical Simulation VaR assumes returns are normally distributed but have fat tails

II. It uses full revaluation, as opposed to delta or delta-gamma approximations

III. Acorrelation matrix is constructed using historical scenarios

IV. It particularly suits new products that may not have a long time series of historical data available

A :

B : and III

C : and IV

D : l of the above

E :

Answer: A

Page: 1 / 49

Total 242 Questions | Updated On: Oct 26, 2026

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