Free PRMIA 8013 Exam Questions

Become PRMIA Certified with updated 8013 exam questions and correct answers

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Total 290 Questions | Updated On: Apr 27, 2026

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Question 1

The two components of risk in a commodities futures portfolio are:

A : Changes in the convenience yield and storage costs

B : Changes in spot prices and carrying costs, also called commodity lease rates

C : Changes in interest rates and spot prices

D : The risk from change in basis and interest rates

Answer: B

Question 2

Which of the following have a negative gamma:I. a long call positionII. a short put positionIII. a short call positionIV. a long put position

A : III and IV

B : I and IV

C : II and III

D : I and II

Answer: C

Question 3

Backwardation can be explained by:

A : expectations of oversupply in the future

B : convenience yields being greater than the total carrying cost

C : short term shortages in the spot markets

D : all of the above

Answer: D

Question 4

What is the running yield on a 6% coupon bond selling at a clean price of $96?

A : 5.70%

B : 6.25%

C : 6.30%

D : 6.00%

Answer: B

Question 5

Two portfolios with identical Sharpe ratios will have

A : identical expected risk

B : identical expected risk and returns

C : returns identically proportionate to risk

D : identical expected returns

Answer: C

Page: 1 / 58

Total 290 Questions | Updated On: Apr 27, 2026

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