Real PRMIA 8010 practice exam questions for easy pass!
Last Updated: Oct 15, 2026
No. of Questions: 242 Questions & Answers with Testing Engine
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| Section | Objectives |
|---|---|
| Topic 1: Regulatory and Industry Standards | - Regulatory expectations for operational risk management - Basel operational risk frameworks |
| Topic 2: Risk Governance and Frameworks | - Three lines of defense model - Risk governance structures and accountability |
| Topic 3: Measurement and Quantification | - Key risk indicators (KRIs) - Loss distribution approaches |
| Topic 4: Risk Identification and Assessment | - Risk and control self-assessment (RCSA) - Scenario analysis and risk mapping |
| Topic 5: Operational Risk Fundamentals | - Risk taxonomy and loss event types - Operational risk within enterprise risk management - Definition and scope of operational risk |
| Topic 6: Mitigation and Control | - Internal controls and control testing - Risk transfer mechanisms including insurance |
According to the Basel framework, reserves resulting from the upward revaluation of assets are considered a part of:
Correct Answer: B 🗳️
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The probability of default of a security over a 1 year period is 3%. What is the probability that it would not have defaulted at theend of four years from now?
Correct Answer: C 🗳️
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The CDS quote for the bonds of Bank X is 200 bps. Assuming a recovery rate of 40%, calculate the default hazard rate priced in the CDS quote.
Correct Answer: D 🗳️
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Which of the following distributions is generally not used for frequency modeling for operational risk
Correct Answer: B 🗳️
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If the annual default hazard rate for a borrower is 10%, what is the probability that there is no default at the end of 5 years?
Correct Answer: C 🗳️
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