8010 Practice Exam.pdf

8010 Dumps, 8010 Braindumps, 8010 Real Questions, 8010 Practice Test, 8010 Actual Questions, killexams.com, PRMIA, Operational Risk Manager (ORM), https://killexams.com/pass4sure/exam-detail/8010.
Questions and answers about operational risk management, including data quality problems, Basel II, error rates, spread premium puzzle, loss provisioning, credit risk models, and probability of default.
Correct answers:
88. A. Assess the current state, design the future state, determine gaps and the actions required to be implemented to eliminate the gaps
89. A. the internal measurement approach
90. A. 80 to 120 errors in a day
91. A. The spread premium puzzle refers to observed default rates being much less than implied default rates, leading to lower credit bonds being relatively cheap when compared to their actual default probabilities
92. D. Expected losses
93. B. The CreditMetrics approach
94. B. Should be offset against positive capital charges from other business units
95. B. 88.53%
96. D. 25%
97. D. The bullet bond
98. I, II, III (Frechet, Gumbel, Weibull belong to the family of generalized extreme value distributions)