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PRMIA 8004 Exam : PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics

8004 actual test
  • Exam Code: 8004
  • Exam Name: PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics
  • Updated: Sep 17, 2026
  • Q & A: 112 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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PRMIA 8004 Exam Syllabus Topics:

SectionWeightObjectives
PRMIA Principles of Good Governance20%- Risk appetite and accountability
- Transparency and disclosure
- Board and senior management responsibilities
- Risk governance frameworks
PRMIA Case Studies50%- Application of risk principles to scenarios
- Root cause identification
- Risk management lessons learned
- Historical risk failure analysis
PRMIA Standards of Best Practice, Conduct and Ethics30%- Professional integrity and accountability
- Compliance with laws and regulations
- Code of professional conduct
- Ethical decision-making framework

PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Sample Questions:

Question #1

The failure of Washington Mutual was NOT due to which one of the following?

  • A. It failed due to the poor quality of its assets
  • B. Using a combination of subprime mortgage loans and credit cards
  • C. Low lending standards and bad quality acquisitions
  • D. A run on its deposits by bank customers
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

The Bankers Trust Case Study is about:

  • A. failure to guard its clients' best interests
  • B. large losses at the proprietary trading desk
  • C. reliance on thinly traded derivatives to hedge
  • D. overexposure to the real estate market
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

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

  • A. I and II only
  • B. I, II and IV only
  • C. I, II and III only
  • D. All are PRMIA Governance Principles
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

For the sentence
"The organization shall encourage all employees to keep abreast of the latest developments in their particular areas of expertise, through ____________, _____________, and _____________ and shall make adequate resources available to enable this to occur," Choose the correct combinations of words from the following options:

  • A. courses, conferences, journals
  • B. conferences, discussion groups, blog sites
  • C. journals, courses, compliance mandates
  • D. courses, educational certification, journals
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

While doing a work assignment, a PRMIA member notices behaviour that is outside the ethical standards of their client organization and reports the matter to their immediate supervisor in the organization (if he or she wasn't the one engaging in such behaviour). The matter is neither progressed nor actioned.
The PRMIA member should:

  • A. report the matter to the organization's Compliance Dept.
  • B. stay silent on the basis that they have reported it
  • C. report the matter to their PRMIA chapter
  • D. contact the Whistle-Blowing Hotline of the organization or, if none exits, to the PRMIA Ethics Committee for guidance and assistance
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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