Top PRMIA ORM Questions & Answers for Exam Prep PRMIA Operational Risk Management Exam Summary: Vendor PRMIA Exam Code ORM Full Exam Name PRMIA Operational Risk Management Number of Questions 60 Sample Questions PRMIA Operational Risk Management Exam Sample Questions and Answers Practice Exam PRMIA Operational Risk Management (ORM) Practice Test Passing Score 60% Time Limit 120 Minutes ORM Certification Syllabus: Syllabus Topics: Introduction Risk Governance Risk Management Framework Risk Assessment Syllabus Topics: Risk Information Compliance Risk Operational Risk Capital Operational Resilience Case Studies ORM Study Guide: ● Know about PRMIA Operational Risk Management book details. ● Go through PRMIA ORM exam syllabus. ● Go through PRMIA Operational Risk Management sample questions. This will give you a clear idea about the real exam. ● Enroll for ORM practice test on ProcessExam.com. ● Identify your weak areas from ORM sample exam and do more practice with system. [ Note : Sample Questions details are Given in the Description of the Video .] PRMIA Operational Risk Management Sample Questions Que.: 1. A financial institution’s operational risk team identifies that employees frequently fail to report minor operational incidents because they fear disciplinary consequences. Which risk management issue does this situation most clearly indicate? Options: a) Strong operational resilience capabilities supporting service continuity during disruptions b) Effective compliance monitoring across regulatory reporting requirements c) Weak risk culture discouraging transparent reporting of operational risk incidents d) Excessive operational risk capital allocation across operational business units Answer: c) Weak risk culture discouraging transparent reporting of operational risk incidents Que.: 2. During a risk and control self - assessment exercise, managers identify a high likelihood of operational errors in a manual reconciliation process. However, they determine that strong automated validation controls significantly reduce potential losses. Which type of risk remains after considering these controls? Options: a) Residual risk remaining after the effectiveness of operational controls is considered b) Liquidity risk representing potential funding shortages during market stress c) Market risk representing potential financial losses from asset price changes d) Inherent risk representing exposure before any control measures are applied Answer: a) Residual risk remaining after the effectiveness of operational controls is considered Que.: 3. Which factor most commonly introduces bias into operational risk assessments conducted by business units? Options: a) Internal audit performing periodic reviews of operational risk management procedures b) Managers understating risks to avoid increased monitoring or additional control requirements c) Risk management teams providing standardized scoring methodologies for assessments d) Regulators requiring institutions to report operational loss events to supervisory agencies Answer: b) Managers understating risks to avoid increased monitoring or additional control requirements Que.: 4. Which operational resilience principle ensures that organizations can continue delivering critical services despite failures in individual operational components? Options: a) Designing operational processes with redundancy and alternative service delivery capabilities b) Eliminating operational risk monitoring responsibilities across business units c) Delegating operational resilience oversight exclusively to external regulatory authorities d) Replacing internal control frameworks with insurance coverage arrangements Answer: a) Designing operational processes with redundancy and alternative service delivery capabilities Que.: 5. Why is tone at the top considered an essential component of operational risk governance? Options: a) It allows senior management to bypass governance reporting requirements during crises b) It determines compensation levels for employees responsible for risk management activities c) It replaces internal control systems with executive decision - making authority d) It establishes leadership commitment to ethical conduct and effective risk management practices Answer: d) It establishes leadership commitment to ethical conduct and effective risk management practices Unique Features Continued.... ● ProcessExam.com has provided good quality ORM sample questions. ● One can go through the Operational Risk Management sample questions before buying the ORM online practice test. ● One can take unlimited attempts to practice from the ORM practice test. ● It is available for two months. ● A candidate is able to measure his speed from the online practice test. ● Best ORM book links are also provided on the website syllabus page. Description is given below. 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