PRMIA 8004 actual dump : PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics

8004
  • Exam Code: 8004
  • Exam Name: PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics
  • Updated: May 31, 2026
  • Q & A: 112 Questions and Answers

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PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Sample Questions:

1. With a PRMIA member's need to reconcile their internal and external responsibility to perform their work in an independent and appropriate fiduciary manner, which of the following options must be taken into consideration when performing risk management duties?

A) The local regulator, internal controls, and shareholders
B) Internal controls of the organization, and the local regulator
C) Only the internal controls and compliance standards
D) Internal controls, and the expectations of stakeholders, shareholders, and the general public


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

A) Allow risky, high-cost loans to be credited towards affordable housing goals
B) 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
C) Provide grants of US$800 million to help home buyers with down-payment and closing costs
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


3. TMFI's internal procedures and management were

A) aware that they had some uninsured liabilities but thought they had enough capital to withstand any uninsured losses
B) None of the above
C) absolutely unaware of their uninsured liabilities
D) fully aware of the uninsured risks Fortress Re were taking


4. Bankgesellschaft Berlin's failures can be best characterised as

A) credit risk caused by overexposure to the property market
B) both A and B
C) none of the above
D) credit risk caused by a diversified portfolio of poor-quality loans


5. Select the one correct statement relative to Barings Bank.

A) Proprietary and agency trading were combined and therefore did not increase risk.
B) Proprietary and agency trading were separate and did increase risk.
C) Proprietary and agency trading were separate and therefore did not increase risk.
D) Proprietary and agency trading were combined and therefore did increase risk.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: A
Question # 5
Answer: D

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