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8004 Exam Dumps : PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics

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PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Questions and Answers

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Question 1

With respect to the Purpose of Professional Standards, in the event of any difference in standards between local laws/rules and those of PRMIA, members must

Options:

A.

use their best judgment

B.

abide by the applicable laws, rules, and regulations of PRMIA and any government and/or regulatory bodies

C.

comply with the higher standard under all circumstances

D.

refer the matter to their supervisor

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Question 2

The multi-dimensional risk problem at Northern Rock did not include which one of the combinations of the following?

Options:

A.

LPHI Risk; Business Model; Solvency vs. Liquidity: and Deposit Protection

B.

Corporate Governance; Moral Hazard; Role of Government; and Credit Risk

C.

Deposit Protection; Moral Hazard; Business Model; and LPHI Risk

D.

Business Model; Corporate Governance; Moral Hazard; and Deposit Protection

Question 3

John Smith wants to run for election to the Board of Directors of PRMIA. To be nominated, he needs:

Options:

A.

The backing of three other members

B.

To go through a screening process conducted by the Nominations Committee

C.

The backing of 6% of local members

D.

The backing of five other members and to be serving on at least one PRMIA Committee

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