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PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics follows objectives published by PRMIA, so preparation should stay aligned with the official outline. Actual4dump organizes 112 8004 practice questions around those exam areas to support focused review.
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PRMIA 8004 Exam Overview:
| Certification Vendor: | Professional Risk Managers' International Association (PRMIA) |
|---|---|
| Exam Name: | PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics |
| Exam Number: | 8004 |
| Exam Duration: | Usually part of PRM Exam 2 structure, ~240 total for exam 2 (individual session details vary by test form) |
| Passing Score: | 60% (PRM exam standard) :contentReference[oaicite:0]{index=0} |
| Real Exam Qty: | 110 multiple-choice questions (varies slightly by test version) :contentReference[oaicite:1]{index=1} |
| Certificate Validity Period: | PRM designation sustainable with continued membership; certificate validity linked to PRM status, not separate expiry |
| Exam Format: | Case study based questions, Multiple choice |
| Available Languages: | English |
| Related Certifications: | PRM (Professional Risk Manager) Designation |
| Exam Price: | See PRMIA official fee schedule (varies by membership status; official site required) :contentReference[oaicite:2]{index=2} |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based testing administered through PRMIA testing windows / partner test centers; case studies integrated within multiple-choice format |
| Pre Condition: | Must be enrolled in or progressing toward the PRM designation program; detailed prerequisites and eligibility provided by PRMIA candidate guidebook or official site :contentReference[oaicite:3]{index=3} |
| Official Syllabus URL: | https://www.prmia.org/Public/Public/PRM/Case_Studies_and_Standards.aspx |
PRMIA 8004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Case Studies | - FTX - Long Term Capital Management (LTCM) - Washington Mutual (Wamu) - Northern Rock - Lehman Brothers - National Australia Bank (NAB) - FX Options - Fannie Mae and Freddie Mac - Silicon Valley Bank - Bankers Trust - Operational Resilience at TSB - Barings - Orange County - American Insurance Group (AIG) - WorldCom - Metallgesellschaft |
| Standards & Practices | - Bylaws of Professional Risk Managers' International Association, PRMIA - Group of Thirty Best Practices, Global Derivatives Study Group - Principles of Good Governance Principles, PRMIA - Standards of Best Practice, Conduct and Ethics, PRMIA Ethics Committee |
FAQs for PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Candidates
The 8004 exam leads to the PRM certification from Professional Risk Managers' International Association (PRMIA). It is positioned at the Professional / Advanced level. The exam validates the knowledge and skills expected of candidates preparing for PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics.
Related certifications include:
- PRM (Professional Risk Manager) Designation
The 8004 exam includes 110 multiple-choice questions (varies slightly by test version) :contentReference[oaicite:1]{index=1} questions and allows Usually part of PRM Exam 2 structure, ~240 total for exam 2 (individual session details vary by test form). Before test day, divide the available time by the number of questions in a timed practice set to establish a steady per-question pace. If a difficult item starts consuming too much time, mark it for review and move forward instead of losing momentum. A full timed practice session can help you decide when to move on, when to return, and how much buffer to reserve for a final check.
The passing score for 8004 is 60% (PRM exam standard) :contentReference[oaicite:0]{index=0}, and the official exam fee is See PRMIA official fee schedule (varies by membership status; official site required) :contentReference[oaicite:2]{index=2}. Because a retake requires paying the exam fee again, use timed practice results as a readiness check before scheduling your next attempt. If your performance remains inconsistent, continue reviewing weak domains and repeat a timed session before booking the exam.
Must be enrolled in or progressing toward the PRM designation program; detailed prerequisites and eligibility provided by PRMIA candidate guidebook or official site :contentReference[oaicite:3]{index=3}
Eligibility rules can change, so confirm the current requirements on the official exam page before registering.
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The current 8004 outline is organized into 2 top-level domains. The first listed areas include:
- Case Studies
- Standards & Practices
Review the Exam Topics section above for the complete outline and any nested subtopics.
PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Sample Questions:
Question 1
Which items below were at the core of the problems at Bankgesellschaft Berlin?
A. Political corruption and poor management
B. All of the above
C. Over exposure to the property market
D. Rash guarantees given to investors in property linked funds
Question 2
Mary Jones wants the Bylaws of PRMIA to be changed so that people can't join PRMIA unless they meet a set of criteria she has devised with her colleagues. She can do this by getting which of the following approvals:
A. 34 of all Members
B. The Board of Directors and a majority of the Members
C. The Board of Directors alone
D. The Board of Directors, but only if the Blue Ribbon Panel affirms the change
Question 3
The financial intermediary services provided by Fannie Mae and Freddie Mac were designed to
A. Compete directly with banks in selling mortgaged to would-be home owners
B. Buy mortgage-backed loans for banks and keep them all on their books, using them as collateral for the US government to borrow
C. Offer loans directly to the consumer
D. Repackage mortgage loans made by banks and sell them on to investors as asset backed securities
Question 4
As a PRMIA member, you have certain responsibilities. Among these are the requirement(s) to:
A. All of the above
B. Vote in Board elections
C. Adhere to the PRMIA Standards of Best Practice, Conduct and Ethics
D. Attend at least one PRMIA chapter meeting per year
Question 5
In the case of National Australia Bank, which of the following was present?
A. Neither A nor B
B. A window of time between close of day for reporting purposes and back office checking that allowed traders to hide losses using fictitious trades
C. Both A and B
D. The Board received risk management information that was incorrect, incomplete or insufficiently detailed
Solutions:
| Question 1 Answer: B | Question 2 Answer: B | Question 3 Answer: D | Question 4 Answer: C | Question 5 Answer: C |
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