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: Jun 03, 2025

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Question 1

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 2

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 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

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

Page: 1 / 12

Total 60 Questions | Updated On: Jun 03, 2025

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