NMLS MLO Q&A - in .pdf

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NEW QUESTION: 1
IS-IS routers with an interface priority of 0 can't participate in DIS election.
A. True
B. False
Answer: B

NEW QUESTION: 2
Conditional VaR refers to:
A. expected average losses above a given VaR estimate
B. expected average losses conditional on the VaR estimates not being exceeded
C. the value at risk estimate for non-normal distributions
D. value at risk when certain conditions are satisfied
Answer: A
Explanation:
Explanation
Conditional VaR is the expected average losses above a given percentile, or a given VaR estimate at the given level of confidence. For example, if we know what the 99% VaR is, we still do not know what we can expect our losses to be if this VaR loss estimate were to be exceeded. Conditional VaR provides the answer to this question by providing an estimate of the average or expected losses beyond 99% mark. Therefore Choice 'c' is the correct answer and the other choices are mostly non-sensical.

NEW QUESTION: 3
Barnyard has a mode of operation that reads the most current unified log file and processes new unified files as they become available. What is this mode called?
A. continual with checkpoint
B. unified
C. continual
D. one-shot
Answer: C

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