Exam Code: 156-561
Exam Name: Check Point Certified Cloud Specialist - R81.20 (CCCS)
Version: V13.25
Q & A: 72 Questions and Answers
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NEW QUESTION: 1
Which facility would best meet the need of Jack who fell on road and sprained his ankle?
A. Emergency Department
B. Home health care
C. None of the above
D. Urgent Care Centre
Answer: D
NEW QUESTION: 2
The LS Sequence Number field is used to detect expired and duplicate LSAs. This field is a signed 32-bit integer and therefore the minimum LS Sequence Number is 0x800000000.
A. FALSE
B. TRUE
Answer: A
NEW QUESTION: 3
When you select Centralized Web Auth in the ISE Authorization Profile, which two components host the web authentication portal? (Choose two.)
A. the access point
B. the WLC
C. the switch
D. the endpoints
E. ISE
Answer: B,C
NEW QUESTION: 4
If the full notional value of a debt portfolio is $100m, its expected value in a year is $85m, and the worst value of the portfolio in one year's time at 99% confidence level is $60m, then what is the credit VaR?
A. $15m
B. $60m
C. $40m
D. $25m
Answer: D
Explanation:
Explanation
Credit VaR is the difference between the expected value of the portfolio and the value of the portfolio at the given confidence level. Therefore the credit VaR is $85m - $ 60m = $25m. Choice 'b' is the correct answer.
Note that economic capital and credit VaR are identical at a risk horizon of one year. Therefore if the question asks for economic capital, the answer would be the same.
[Again, an alternative way to look at this is to consider the explanation given in III.B.6.2.2: Credit Var = Q(L)
- EL where Q(L) is the total loss at a given confidence interval, and EL is the expected loss. In this case Q(L) -
$100-$60 = $40, and EL = $100-$85=$15. Therefore Credit VaR = $40-$15=$25.]
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