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PRMIA 8004 Dumps

Exam Code:
8004
Exam Name:
PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics
Last Update: May 15, 2024
110 Questions
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PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Questions and Answers

Questions 1

In the case of National Australia Bank, which of the following was present?

Options:

A.

A window of time between close of day for reporting purposes and back office checking that allowed traders to hide losses using fictitious trades

B.

The Board received risk management information that was incorrect, incomplete or insufficiently detailed

C.

Both A and B

D.

Neither A nor B

Questions 2

When local rules and regulations conflict with the PRMIA Standards of Best Practice, Conduct and Ethics the PRMIA member should …

Options:

A.

Seek advice from a qualified party, being mindful of legal and confidentiality requirements

B.

Modify the interpretation of local rules and regulations to meet the situation

C.

Ignore local rules and regulations

D.

Respect local rules and regulations

Questions 3

The "Renewing the Dream" program signed into law by President George W Bush in 2002 was designed to

Options:

A.

Recapitalise Fannie Mae and Freddie Mac with US$2.4 billion of additional capital to ensure they weathered the risks associated with any future downturn in the housing markets

B.

Provide grants of US$800 million to help home buyers with down-payment and closing costs

C.

Allow risky, high-cost loans to be credited towards affordable housing goals

D.

Provide tax credits of nearly US$2.4 billion over the next 5 years to investors and builders who developed affordable single-family housing in poor and distressed areas