Everyone studies differently, so ActualCollection offers the PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition prep material in three formats: a printable PDF, a desktop test engine for Windows, and an online test engine that runs in any browser. All three carry the same 290 practice questions.
PRMIA 8006 Exam Overview:
| Certification Vendor: | Professional Risk Managers' International Association (PRMIA) |
|---|---|
| Exam Name: | Exam I: Finance Theory, Financial Instruments, Financial Markets - 2015 Edition |
| Exam Number: | 8006 |
| Exam Duration: | 240 minutes |
| Real Exam Qty: | 60 |
| Exam Price: | Varies by country / PRMIA pricing via Pearson VUE |
| Related Certifications: | PRM Designation (full credential requiring Exam I + Exam II) PRM Exam II: Mathematical Foundations of Risk Measurement |
| Available Languages: | English |
| Exam Format: | Multiple Choice |
| Certificate Validity Period: | Certification valid once PRM designation completed; continuing membership required for active use of designation |
| Passing Score: | Not publicly specified (PRM exams use scaled scoring with minimum passing threshold determined by PRMIA) |
| Sample Questions: | ![]() |
| Exam Way: | Computer-based exam administered through Pearson VUE test centers or remote proctoring |
| Pre Condition: | Enrollment in PRMIA professional program and payment of exam registration/authorization; no formal prerequisites beyond PRMIA application |
| Official Syllabus URL: | https://prmia.org/PRMExamPrep |
PRMIA 8006 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Finance Theory | - Portfolio Mathematics & Asset Allocation - Capital Asset Pricing Model and Multifactor Models - Risk and Risk Aversion - Capital Structure and Term Structure of Interest Rates |
| Financial Instruments | - Valuation Principles and Yields - Equities, Bonds, and Money Market Instruments - Derivatives: Futures, Forwards, Options, Swaps |
| Financial Markets | - Market Efficiency and Funding Rates - Trade Lifecycle, Clearing and Settlement - Structure and Participants in Global Markets |
Common Questions About the PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition Exam
The PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition exam is the official Professional Risk Managers' International Association (PRMIA) test registered under exam code 8006. Passing it earns you the PRM certification, a credential at the Professional level. It is also linked to the related certifications: PRM Exam II: Mathematical Foundations of Risk Measurement, PRM Designation (full credential requiring Exam I + Exam II). Professional Risk Managers' International Association (PRMIA) exams are valued because they test job-ready skills, so a passing score here carries real weight on a resume.
The PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition exam includes 60 questions to be completed within 240 minutes. Do the pacing math before exam day: with that many items on the clock, you need a steady rhythm and the discipline to flag a hard question and move on instead of stalling. Two or three full timed sessions with the ActualCollection test engine will show you exactly what that pace feels like, so time pressure stops being a factor on the real day.
To pass the PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition exam you need Not publicly specified (PRM exams use scaled scoring with minimum passing threshold determined by PRMIA), and the official registration fee is Varies by country / PRMIA pricing via Pearson VUE. A retake is not discounted: a failed attempt means paying the full Varies by country / PRMIA pricing via Pearson VUE again, so treat your first sitting as the expensive one. A sensible rule is to book your seat only after you are scoring comfortably above the passing mark on the ActualCollection practice tests, not just squeaking past it once.
Enrollment in PRMIA professional program and payment of exam registration/authorization; no formal prerequisites beyond PRMIA application
Eligibility rules do change from time to time, so confirm the current requirements before you register on the official exam page.
Yes. ActualCollection offers a free PDF demo of the PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition material so you can judge the question quality and format before spending anything. After purchase, your license includes 365 days of free updates, and if you want to keep receiving updates after that period, renewals are available at a 50% discount.
If you take the PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition exam within 60 days of your purchase and do not pass, ActualCollection backs you with a 100% money-back guarantee. The claim must match the exam your product covers: attempts taken within 3 days of purchase are not eligible (that is too little preparation time), and neither are downloaded-but-unused products, free materials, or expired orders. The candidate name must match the payer name, and you need to submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Prefer not to refund? You can swap instead and receive two other exam products of equal value for free while keeping the update service on your original purchase.
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The official PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition syllabus is organized into 3 domains. Key areas include Finance Theory, Financial Instruments, and Financial Markets. The complete, up-to-date topic list appears in the exam topics section above; work through it line by line and flag anything you cannot yet explain in your own words.
PRMIA Exam I: Finance Theory Financial Instruments Financial Markets - 2015 Edition Sample Questions:
An investor holds a portfolio of mortage backed securities valued at $100m. Using a Monte Carlo based pricing model, he determines that the value of the portfolio would rise to $102m if interest rates were to fall by
45 basis points, and fall to $97m if interest rates were to rise by 45 basis points. What is the estimated modified duration of the investor's portfolio?
- A. 11.12
- B. None of the above
- C. 5.56
- D. 5
Correct Answer: C 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
A 'short squeeze' refers to a situation where
- A. a sharp drop in spot prices as shorts try to drive down prices
- B. an increase in forward prices due to factors underlying a contango market overwhelming the factors that take the market into backwardation
- C. a sharp increase in spot prices due to a shortage in the spot market as shorts try to cover their positions
- D. sharp swings in forward basis caused due to normal market movements
Correct Answer: C 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
If x represents wealth, and u(x) its utility, then a logarithmic utility function can be represented by:
- A. u(x) = ln(x)
- B. u(x) = 1/ln(x)
- C. u(x) = exp(x)
- D. u(x) = ln(-x)
Correct Answer: A 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
How will the Macaulay duration of a 10 year coupon bearing bond change if 10 year zero rates stay the same but the yield curve changes from being flat to upward sloping?
- A. Will be unaffected
- B. Will decrease
- C. Cannot say without more information
- D. Will increase
Correct Answer: B 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
The rule that optimal portfolios will maximize the Sharpe ratio only applies when which of the following conditions is satisfied:
I. It is possible to borrow or lend any amounts at the risk free rate
II. Investors' risk preferences are fully described by expected returns and standard deviation III. Investors are risk neutral
- A. II
- B. I and II
- C. I and III
- D. I, II and III
Correct Answer: B 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).






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