PRMIA 8009 Q&A - in .pdf

  • 8009 pdf
  • Exam Code: 8009
  • Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
  • Updated: Jul 12, 2026
  • Q & A: 112 Questions and Answers
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  • Exam Code: 8009
  • Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
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  • Updated: Jul 12, 2026
  • Q & A: 112 Questions and Answers
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PRMIA 8009 Q&A - Testing Engine

  • 8009 Testing Engine
  • Exam Code: 8009
  • Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
  • Updated: Jul 12, 2026
  • Q & A: 112 Questions and Answers
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PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Sample Questions:

1. The steps which the US Treasury Department and the Federal Reserve took in July 2008 to boost confidence in both Fannie Mae and Freddie Mac did not include which one of the following:

A) Removing the prohibition on the Treasury Department to buy both companies stock
B) Reiterating their belief that both companies played a central role in the US housing finance system
C) Access to the Federal Reserve discount window
D) Restricting the sale of new Fannie Mae and Freddie Mac securities only to US citizens


2. The Q4 2003 trading strategy of China Aviation Oil was

A) to sell puts and buy calls
B) to sell calls and buy puts
C) to buy puts and sell calls
D) to buy calls and sell puts


3. Which of the following are PRMIA Governance Principles?
I. Independence of Key Parties
II. Disclosure and Transparency
III. Internal Validation
IV. Solvency

A) All are PRMIA Governance Principles
B) I, II and III only
C) I, II and IV only
D) I and II only


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

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) Both A and B
C) Neither A nor B
D) The Board received risk management information that was incorrect, incomplete or insufficiently detailed


5. Which of the following was NOT a factor in the Long Term Capital Management case?

A) Unwinding of liquid positions at the beginning of major losses
B) Inadequate separation of front and back offices
C) Model risk
D) Changes/breakdowns in historical correlations


Solutions:

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

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