PRMIA Related Exams
8010 Exam

Which of the following statements is true:
I. Expected credit losses are charged to the unit's P&L while unexpected losses hit risk capital reserves.
II. Credit portfolio loss distributions are symmetrical
III. For a bank holding $10m in face of a defaulted debt that it acquired for $2m, the bank's legal claim in the bankruptcy court will be $10m.
IV. Thelegal claim in bankruptcy court for an over the counter derivatives contract will be the notional value of the contract.
Which of the following statements are true?
I. Retail Risk Based Pricing involves using borrower specific data to arrive at both credit adjudication and pricing decisions
II. An integrated 'Risk Information Management Environment' includes two elements - people and processes
III. A Logical Data Model (LDM) lays down the relationships between data elements that an organization stores
IV. Reference Data and Metadata refer to the same thing
Which of the following is the most important problem to solve for fitting a severity distribution for operational risk capital: