Built by a broad coalition of industry leaders to reflect the mission objectives of the association and to establish the leading form of education, validation and certification in the Risk Management profession, the PRM counts candidates from over 100 countries, more than any other risk certification program, anywhere.
- • Candidates must hold a membership in PRMIA.
- • Candidates who took their first exam on or after January 1, 2014 must meet minimum experience requirements, which include:
- • 4 Years if no bachelor degree
- • 2 Years if bachelor degree
- • No experience requirements if graduate school (i.e. MBA, MSF, MQF, etc.) or holder of other accepted professional designations (CFA, CAIA, CQF, etc.)
- • pass all four 2015 PRM exams in a two-year period
- • score 60% or higher on each individual exam
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Professional Risk Management (PRM) Exam - Sample
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Question 1 of 10
An investor buys a given amount of the US Treasury bond with coupon 4% and maturity January 1, 2018. The current clean price of the bond is 96.25625. The bond paid the coupon semi-annually on every January 1 and July 1. The settlement date was April 4, 2013. Calculate the dirty price of the bond.CorrectIncorrect
Question 2 of 10
Which of the following statements about Straddles and Strangles is FALSE?CorrectIncorrect
Question 3 of 10
Rank the following three bonds from shortest to longest duration. I. 6% 5-year semi-annual pay bond II. 6% 5-year annual pay bond III. 5-year zero-coupon bondCorrectIncorrect
Question 4 of 10
You are speaking with a bond portfolio manager who states that �my strategy is to match the duration of fixed income investments with the term structure of my clients� liabilities�. This strategy best reflects which of the following expectations theories of the term structure of interest rates?CorrectIncorrect
Question 5 of 10
An investor currently has a portfolio of stocks. He is analyzing two stocks, Stock Y and Z, for adding to his portfolio. Both Stock Y and Z have the same risk/return profile. However, the covariance for Stock Y and Z with the portfolio are 0.2 and 0.4. Which of the following statements is TRUE?CorrectIncorrect
Question 6 of 10
Assuming a positive relationship between futures prices and interest rates, which of the following is most accurate?CorrectIncorrect
Question 7 of 10
In disaster recovery planning, procedures are required to______.CorrectIncorrect
Question 8 of 10
Assume you live in a CAPM world and the expected return on the market portfolio is 9%, while the risk free rate is 3%. If the beta of stock A is 1.3, the expected return on A is:CorrectIncorrect
Question 9 of 10
Given a one-year probability of default of 20%, what would be the cumulative probability of default for the bond for the three years?CorrectIncorrect
Question 10 of 10
For EWMA (Exponentially Weighted Moving Average), using a decay factor of 0.94 and a tolerance level of 1% (i.e. excluding exponential weights below 1%), the effective number of data points used to estimate the covariance matrix is:CorrectIncorrect