Free PRMIA 8020 Exam Questions

Become PRMIA Certified with updated 8020 exam questions and correct answers

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Total 60 Questions | Updated On: Mar 05, 2026

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Question 1

How can a chief risk officer encourage the governing body and executive management team to create a stronger risk culture?

A : Having a vision of achievable but not excessive ambition.

B : Discourage personal accountability to avoid a blame culture.

C : Establish a set of objectives that the board and executive team must adhere to.

D : Balance rewarding success in profitability goals with punishment when there is a failure to achieve goals.

Answer: A

Question 2

Governance can be defined as which of the following?

A : Governance is a structure specifying the daily operation of a firm.

B : Governance is a structure specifying the ways in which reporting is made to the primary regulator.

C : Governance is being replaced by management in all firms that are regulated.

D : Governance is a structure specifying the policies, principles, and procedures for making decisions about corporate direction.

Answer: D

Question 3

Governance can be defined as which of the following?

A : Governance is a structure specifying the daily operation of a firm.

B : Governance is a structure specifying the ways in which reporting is made to the primary regulator.

C : Governance is being replaced by management in all firms that are regulated.

D : Governance is a structure specifying the policies, principles, and procedures for making decisions about corporate direction.

Answer: D

Question 4

Governance can be defined as which of the following?

A : Governance is a structure specifying the daily operation of a firm.

B : Governance is a structure specifying the ways in which reporting is made to the primary regulator.

C : Governance is being replaced by management in all firms that are regulated.

D : Governance is a structure specifying the policies, principles, and procedures for making decisions about corporate direction.

Answer: D

Question 5

Governance can be defined as which of the following?

A : Governance is a structure specifying the daily operation of a firm.

B : Governance is a structure specifying the ways in which reporting is made to the primary regulator.

C : Governance is being replaced by management in all firms that are regulated.

D : Governance is a structure specifying the policies, principles, and procedures for making decisions about corporate direction.

Answer: D

Page: 1 / 12

Total 60 Questions | Updated On: Mar 05, 2026

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