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NEW QUESTION: 1

A. Option B
B. Option C
C. Option D
D. Option A
Answer: C

NEW QUESTION: 2
Which of the following situations are not suitable for applying parametric VaR:
I. Where the portfolio's valuation is linearly dependent upon risk factors II. Where the portfolio consists of non-linear products such as options and large moves are involved III. Where the returns of risk factors are known to be not normally distributed
A. I and III
B. All of the above
C. I and II
D. II and III
Answer: D
Explanation:
Explanation
Parametric VaR relies upon reducing a portfolio's positions to risk factors, and estimating the first order changes in portfolio values from each of the risk factors. This is called the delta approximation approach. Risk factors include stock index values, or the PV01 for interest rate products, or volatility for options. This approach can be quite accurate and computationally efficient if the portfolio comprises products whose value behaves linearly to changes in risk factors. This includes long and short positions in equities, commodities and the like.
However, where non-linear products such as options are involved and large moves in the risk factors are anticipated, a delta approximation based valuation may not give accurate results, and the VaR may be misstated. Therefore in such situations parametric VaR is not advised (unless it is extended to include second and third level sensitivities which can bring its own share of problems).
Parametric VaR also assumes that the returns of risk factors are normally distributed - an assumption that is violated in times of market stress. So if it is known that the risk factor returns are not normally distributed, it is not advisable to use parametric VaR.

NEW QUESTION: 3
次のうち、有効なESD安全対策はどれですか?
A. ESDに敏感な回路を含む回路基板またはアセンブリからイオン発生器を遠ざけます。
B. ESDに敏感なコンポーネントの作業中は、ポリエステルの衣服を着用しないでください。
C. ESDに敏感な回路を金属の作業面の上に配置する必要があります。
D. ヒートシンクをつかんで、常にロジックボードを取り扱います。
Answer: B

NEW QUESTION: 4
Neil is closely monitoring his firewall rules and logs on a regular basis. Some of the users have complained to Neil that there are a few employees who are visiting offensive web site during work hours, without any consideration for others. Neil knows that he has an up-to-date content filtering system and such access should not be authorized. What type of technique might be used by these offenders to access the Internet without restriction?
A. They are using an older version of Internet Explorer that allow them to bypass the proxy server
B. They have been able to compromise the firewall, modify the rules, and give themselves proper access
C. They are using UDP that is always authorized at the firewall
D. They are using HTTP tunneling software that allows them to communicate with protocols in a way it was not intended
Answer: D


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