Exam Code: CTPRP
Exam Name: Certified Third-Party Risk Professional (CTPRP)
Version: V13.25
Q & A: 72 Questions and Answers
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NEW QUESTION: 1
Development staff should:
A. Support production data
B. Implement systems
C. Perform unit testing
D. Perform acceptance testing
Answer: C
NEW QUESTION: 2
Principals who enter into an interest rate swap with the intention of shortly afterwards assigning or transferring the swap to a third party:
A. should agree upon the method of assignment before transacting
B. should make clear their intention to do so when initially negotiating the deal
C. should only reveal any such intentions after the confirmations have been exchanged
D. should never reveal their future dealing intentions to their counterparties
Answer: B
NEW QUESTION: 3
A "re-lock" on a vault door will automatically prevent the bolt mechanism from operating when:
A. All of the above.
B. It is locked by remote control.
C. A timer is used.
D. There is an attack on the door or the combination lock.
E. A switch is flipped.
Answer: D
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