Stand out from thousands of candidates, earn the employer's regard, qualify for promotion — passing the 8007 exam starts it. TestBraindump is your best partner: 133 practice questions for the 8007 exam.
PRMIA 8007 Exam Overview:
| Certification Vendor: | PRMIA (Professional Risk Managers' International Association) |
|---|---|
| Exam Name: | Exam II: Mathematical Foundations of Risk Measurement - 2015 Edition |
| Exam Number: | 8007 |
| Exam Format: | Multiple-choice questions, No negative marking, Computer-based |
| Exam Price: | $650 - $800 USD (varies by PRMIA membership type) |
| Real Exam Qty: | 132 |
| Available Languages: | English |
| Certificate Validity Period: | 3 years from passing; must complete all PRM exams within 2 years |
| Passing Score: | 60% |
| Exam Duration: | 120 minutes |
| Related Certifications: | PRM™ Certification ORM (Operational Risk Manager) |
| Recommended Training: | PRMIA Recommended Preparation Resources PRMIA Official Handbook & Study Materials |
| Exam Registration: | PRMIA Official Registration Pearson VUE Scheduling |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE testing centers |
| Pre Condition: | PRMIA membership; bachelor's degree + 2 years experience OR 4 years experience without degree; graduate degree or relevant professional designation may waive experience requirement |
| Official Syllabus URL: | https://prmia.org/Public/PRM/PRM_Handbook_Digital%20Resources.aspx |
PRMIA 8007 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Linear Algebra and Matrix Theory | 20% | - Vectors and eigenvalues
|
| Topic 2: Statistics and Regression Analysis | 20% | - Descriptive statistics
|
| Topic 3: Probability Theory | 25% | - Random variables and distributions
|
| Topic 4: Numerical Methods & Financial Mathematics | 15% | - Root finding and approximation - Time value of money - Basics of risk modeling |
| Topic 5: Calculus and Functions | 20% | - Single-variable calculus
|
PRMIA Exam II: Mathematical Foundations of Risk Measurement - 2015 Edition Exam FAQ — A New Start
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The PRMIA Exam II: Mathematical Foundations of Risk Measurement - 2015 Edition is PRMIA's certification exam for PRM™ (Professional Risk Manager), at the Professional level. Passing it is a new start — toward better salary, decent work, and promotion chances. Related credentials include PRM™ Certification, ORM (Operational Risk Manager).
PRMIA membership; bachelor's degree + 2 years experience OR 4 years experience without degree; graduate degree or relevant professional designation may waive experience requirement Eligibility rules change over time, so verify the current requirements on the official page (official 8007 exam page) before registering.
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PRMIA Exam II: Mathematical Foundations of Risk Measurement - 2015 Edition Sample Questions:
Kurtosis(X) is defined as the fourth centred moment of X, divided by the square of the variance of X.
Assuming X is a normally distributed variable, what is Kurtosis(X)?
- A. 1
- B. 2
- C. 0
- D. 3
Correct Answer: D 🗳️
Identify the type and common element (that is, common ratio or common difference) of the following sequence: 6, 12, 24
- A. geometric sequence, common ratio 2
- B. geometric sequence, common ratio 3
- C. arithmetic sequence, common difference 2
- D. arithmetic sequence, common ratio 2
Correct Answer: A 🗳️
Assume that 40% of all financial organizations investigated by authorities turn out to be fraudulent.
What is the probability of randomly investigating 2 different organizations and finding that neither is fraudulent; and what is the probability of finding exactly one being fraudulent?
- A. 2/5 and 3/5
- B. 2/5 and 1/2
- C. 1/3 and 8/17
- D. 9/25 and 12/25
Correct Answer: D 🗳️
Two vectors are orthogonal when:
- A. one is a scalar multiple of the other
- B. their determinant is zero
- C. their scalar product (sum product) is zero
- D. their components are linearly dependent
Correct Answer: C 🗳️
I have a portfolio of two stocks. The weights are 60% and 40% respectively, the volatilities are both 20%, while the correlation of returns is 100%. The volatility of my portfolio is
- A. 4%
- B. 14.4%
- C. 20%
- D. 24%
Correct Answer: C 🗳️
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