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PRMIA PRM Certification 8010

8010

Exam Code: 8010

Exam Name: Operational Risk Manager (ORM) Exam

Updated: May 30, 2026

Q & A: 242 Questions and Answers

8010 Free Demo download:

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PRMIA Operational Risk Manager (ORM) Sample Questions:

1. A bank holds a portfolio ofcorporate bonds. Corporate bond spreads widen, resulting in a loss of value for the portfolio. This loss arises due to:

A) Counterparty risk
B) Liquidity risk
C) Credit risk
D) Market risk


2. Under the standardized approach to calculating operational risk capital, how many business lines are a bank's activities divided into per Basel II?

A) 15
B) 8
C) 7
D) 12


3. For a loan portfolio, expected losses are charged against:

A) Economic capital
B) Economic credit capital
C) Regulatory capital
D) Credit reserves


4. If a borrower has a default probability of 12% over one year, what is the probability of default over a month?

A) 12.00%
B) 1.00%
C) 2.00%
D) 1.06%


5. Which of the following distributions is generally not used for frequency modeling for operational risk

A) Gamma
B) Binomial
C) Negative binomial
D) Poisson


Solutions:

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

8010 Related Exams
8008 - PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition
8020 - ORM Certificate - 2023 Update
8010 - Operational Risk Manager (ORM) Exam
Related Certifications
PRM
PRM Certification
PRMIA Certification
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