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Sharpen Your Knowledge with PRMIA ORM (Operational Risk Manager (ORM) Exam) Certification Sample Questions
CertsTime has provided you with a sample question set to elevate your knowledge about the PRMIA Operational Risk Manager (ORM) Exam . With these updated sample questions, you can become quite familiar with the difficulty level and format of the real Operational Risk Manager (ORM) Exam certification test. Try our sample PRMIA Operational Risk Manager (ORM) Exam certification practice exam to get a feel for the real exam environment. Our sample practice exam gives you a sense of reality and an idea of the questions on the actual PRMIA Operational Risk Management certification exam.
Our sample questions are similar to the Real PRMIA ORM Operational Risk Manager (ORM) Exam questions. The premium PRMIA Operational Risk Manager (ORM) Exam certification practice exam gives you a golden opportunity to evaluate and strengthen your preparation with real-time scenario-based questions. Plus, by practicing real-time scenario-based questions, you will run into a variety of challenges that will push you to enhance your knowledge and skills.
PRMIA Operational Risk Manager (ORM) Exam Sample Questions:
Which of the following techniques is used to generate multivariate normal random numbers that are correlated?
Which of the following situations are not suitable for applying parametric VaR:
1. Where the portfolio's valuation is linearly dependent upon risk factors
2. Where the portfolio consists of non-linear products such as options and large moves are involved
3. Where the returns of risk factors are known to be not normally distributed
The sensitivity (delta) of a portfolio to a single point move in the value of the S&P500 is $100. If the current level of the S&P500 is 2000, and has a one day volatility of 1%, what is the value-at-risk for this portfolio at the 99% confidence and a horizon of 10 days? What is this method of calculating VaR called?
Pick underlying risk factors for a position in an equity index option:
1. Spot value for the index
2. Risk free interest rate
3. Volatility of the underlying
4. Strike price for the option
Which of the following decisions need to be made as part of laying down a system for calculating VaR:
1. How returns are calculated, eg absoluted returns, log returns or relative/percentage returns
2. Whether VaR is calculated based on historical simulation, Monte Carlo, or is computed parametrically
3. Whether binary/digital options are included in the portfolio positions
4. How volatility is estimated
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