Free PRMIA 8020 Exam Questions

Become PRMIA Certified with updated 8020 exam questions and correct answers

Page: 1 / 12

Total 60 Questions | Updated On: Jun 17, 2026

Add To Cart

Question 1

In Operational Resilience, which of the following is not an important measure of whether a Business Service can be considered Critical?

A : Whether a disruption to the provision of the service could cause material customer detriment.

B : Whether a disruption to the provision of the service could harm market integrity.

C : Whether a disruption to the provision of the service could exceed risk appetite.

D : Whether a disruption to the provision of the service could threaten a firm's viability.

Answer: C

Question 2

In Operational Resilience, which of the following is not an important measure of whether a Business Service can be considered Critical?

A : Whether a disruption to the provision of the service could cause material customer detriment.

B : Whether a disruption to the provision of the service could harm market integrity.

C : Whether a disruption to the provision of the service could exceed risk appetite.

D : Whether a disruption to the provision of the service could threaten a firm's viability.

Answer: C

Question 3

Which of the follow does the risk function typically have responsibility for?

A : Documenting its activities, typically by operating and then recording the daily operation of controls.

B : Documenting its activities, typically by developing a Risk Management Manual and set of Risk Policies.

C : Putting in place the servers, firewalls and software to ensure cyber security.

D : Creating a trial balance, balance sheet statement and cash flow statement.

Answer: B

Question 4

Which of the Basel Accords, published in 2004, introduced operational risk as a risk subjected to a capital charge?

A : Basel I

B : Basel II

C : Basel III

D : Basel IV

Answer: B

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: Jun 17, 2026

Add To Cart