Last Updated: Sep 02, 2026
No. of Questions: 290 Questions & Answers with Testing Engine
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| Certification Vendor: | PRMIA |
|---|---|
| Exam Name: | Exam I: Finance Theory, Financial Instruments, Financial Markets - 2015 Edition |
| Exam Number: | 8006 |
| Related Certifications: | PRM Certification Associate PRM |
| Real Exam Qty: | 36 |
| Exam Price: | $325 - $400 USD (member/non-member) |
| Passing Score: | 60% |
| Exam Format: | Multiple Choice |
| Certificate Validity Period: | 2 years from passing date |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Recommended Training: | PRMIA Official Study Materials |
| Exam Registration: | PRMIA Official Registration Pearson VUE Scheduling |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based testing at Pearson VUE centers or online proctored |
| Pre Condition: | PRMIA membership; bachelor's + 2 years experience, or master's degree, or CFA charterholder; approved PRM application |
| Official Syllabus URL: | https://www.prmia.org |
| Section | Weight | Objectives |
|---|---|---|
| Fixed Income Securities and Markets | 20% | - Bond characteristics and valuation - Credit risk and capital structure analysis - Money market instruments and yield calculations - Term structure of interest rates |
| Financial Markets and Participants | 20% | - Structure and types of financial markets - Trade lifecycle, dealing and settlement processes - Market participants and their roles |
| Finance Theory and Portfolio Construction | 25% | - Risk-adjusted performance measures - CAPM, multifactor models and APT - Mean-variance portfolio theory - Utility theory, risk and return axioms |
| Mathematical Foundations | 10% | - Probability concepts including Bayesian theory - Basic statistical methods for finance |
| Derivatives Instruments | 25% | - Swaps and other derivative instruments - Futures and forward contracts - Options: types, payoffs and valuation basics |
The PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition exam (exam code 8006) is the official PRMIA exam that leads to the Professional Risk Manager (PRM) certification, sitting at the Professional level of the PRMIA certification track. It is also connected with PRM Certification, Associate PRM. If this is the credential you are working toward, the 290 practice questions at Actual4Cert map directly to its objectives.
The PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition exam includes 36 questions, and you have 120 minutes to complete them. Divide the time limit by the question count and you get a tight average pace per item, so train yourself to flag time-consuming questions and return to them later instead of getting stuck. Before test day, run at least one full timed session in the Actual4Cert test engine under the same limits — the clock should never surprise you.
The passing score for PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition is 60%, and the official registration fee is $325 - $400 USD (member/non-member). A failed attempt means paying that fee in full again, so your preparation budget deserves the same attention as your study plan. A practical rule: book your exam date only after you can finish a Actual4Cert practice test comfortably above the passing score more than once.
According to PRMIA, candidates should meet the following before registering: PRMIA membership; bachelor's + 2 years experience, or master's degree, or CFA charterholder; approved PRM application. Requirements can change, so confirm the latest details on the official exam page before you register.
You can register for the PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition exam through the official channels below:
Exam delivery: Computer-based testing at Pearson VUE centers or online proctored.
PRMIA lists the following official training options for this exam:
Formal training builds the theory; pair it with the 290 practice questions from Actual4Cert to find out whether you are genuinely ready for the exam.
Yes. A free PDF demo of the 8006 practice questions is available to download, so you can judge the format and quality before paying anything. Every purchase also includes 365 days of free updates, and if your product expires you can extend the update service at a 50% discount.
Your order is covered by a conditional 100% money-back guarantee: if you take the corresponding exam within 60 days of purchase and do not pass, you may apply for a full refund. Exams taken within 3 days of purchase are not eligible, nor are free materials or expired orders, and the candidate name must match the payer name. To claim, submit a scanned enrollment slip and your official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Prefer to keep studying? You can instead exchange your purchase for two free products of equal value while keeping the update service on your original one. Delivery itself is immediate: your product unlocks for instant download right after payment and a copy is emailed to you within a minute — if nothing arrives within 2 hours, contact our support team. There is no limit on the number of computers you can install it on.
The PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition blueprint is divided into 5 major domains, starting with Mathematical Foundations (10%), Finance Theory and Portfolio Construction (25%), and Derivatives Instruments (25%). The full breakdown, including every subdomain and its weighting, is listed in the Exam Topics section above — review it against your own weak areas before scheduling the exam.
Question 1
Which of the following correctly describes a "reverse repo"?
A. Borrowing cash while posting securities as a collateral
B. A repo with an undefined maturity period
C. An asset swap that is offset by an identical but opposite swap
D. Lending cash with securities as a collateral
Question 2
Which of the following statements are true?
I. The square-root-of-time rule for scaling volatility over time assumes returns on different days are independent II. If daily returns are positively correlated, realized volatility will be less than that calculated using the square-root-of time rule III. If daily returns are negatively correlated, realized volatility will be less than that calculated using the square-root-of-time rule IV. If stock prices are said to follow a random walk, it means daily returns are independent of each other and have an expected value of zero
A. All the statements are correct
B. I, II and IV
C. I and III
D. III and IV
Question 3
If the current stock price is $100, the risk-free rate of interest is 10% per year, and the value of a put option expiring in 1 year on this stock at a strike price of $110 is $5. What is the value of the call option with the same strike?
A. $4.55
B. $10
C. $15
D. $5
Question 4
For a deep out-of-the-money option:
A. Both gamma and delta approach
B. Both gamma and delta approach 0
C. Both gamma and delta approach 1
D. None of the above
Question 5
A risk analyst working for an asset manager with a large debt portfolio is tasked with determining the suitability of using a traded debt ETF as a hedge against the value of the debt portfolio. He/she calculates the minimum variance hedge ratio to be exactly 1.0.
Given the above facts, which of the following statements are certainly true:
I. The ETF represents a perfect hedge for the portfolio
II. The volatility of the portfolio is the same as that for the ETF
III. The ETF cannot be used as an effective hedge for the debt portfolio IV. None of the above
A. I and II
B. I only
C. IV only
D. III only
Solutions:
| Question 1 Answer: D | Question 2 Answer: C | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: C |
Fabian
Horace
Kyle
Montague
Ingemar
Leonard
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