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PRMIA Operational Risk Manager (ORM) - 8010 real prep

8010
  • Exam Code: 8010
  • Exam Name: Operational Risk Manager (ORM) Exam
  • Updated: Nov 10, 2025
  • Q & A: 242 Questions and Answers
  • PDF Version

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  • PDF Price: $59.98
  • PRMIA 8010 Value Pack

    Online Testing Engine
  • PDF Version + PC Test Engine + Online Test Engine (free)
  • Value Pack Total: $79.98

About PRMIA 8010: Operational Risk Manager (ORM) Exam

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PRMIA Operational Risk Manager (ORM) Sample Questions:

1. The probability of default of a security during the first year after issuance is 3%, that during the second and third years is 4%, and during the fourth year is 5%. What is the probability that it would not have defaulted at the end of four years from now?

A) 88.00%
B) 12.00%
C) 84.93%
D) 88.53%


2. Which of the following belong to the family of generalized extreme value distributions:
I. Frechet
II. Gumbel
III. Weibull
IV. Exponential

A) IV
B) II and III
C) All of the above
D) I, II and III


3. What isthe risk horizon period used for credit risk as generally used for economic capital calculations and as required by regulation?

A) 10 years
B) 10 days
C) 1-day
D) 1 year


4. Which of the following statements are true:
I. Heavy tailed parametricdistributions are a good choice for severity modeling in operational risk.
II. Heavy tailed body-tail distributions are a good choice for severity modeling in operational risk.
III. Log-likelihood is a means to estimate parameters for a distribution.
IV. Body-tail distributions allow modeling small losses differently from large ones.

A) I and IV
B) II and III
C) All of the above
D) II, III and IV


5. The capital adequacy ratio applied to risk weighted assets for the calculation of capital requirements for credit risk per Basel II is:

A) 150%
B) 8%
C) 12.5%
D) 100%


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: D
Question # 4
Answer: C
Question # 5
Answer: B

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