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NEW QUESTION: 1
Which of the following best describes the concept of marginal VaR of an asset in a portfolio:
A. Marginal VaR is the contribution of the asset to portfolio VaR in a way that the sum of such calculations for all the assets in the portfolio adds up to the portfolio VaR.
B. Marginal VaR is the value of the expected losses on occasions where the VaR estimate is exceeded.
C. Marginal VaR is the change in the VaR estimate for the portfolio as a result of including the asset in the portfolio.
D. Marginal VaR describes the change in total VaR resulting from a $1 change in the value of the asset in question.
Answer: D
Explanation:
Explanation
The correct answer is choice 'd'
Marginal VaR is just the change in total VaR from a $1 change in the value of the asset in the portfolio. All other answers are incorrect. Mathematically, it is expressed as follows, where VaRp is the VaR for the portfolio, and Vi is the value of the asset in question.
Other answers describe other VaR related concepts such as incremental VaR, Component VaR and Conditional VaR.
NEW QUESTION: 2
The OLD and NEW qualifiers can be used in which type of trigger?
A. Statement level DML trigger
B. Row level DML trigger
C. Statement level application trigger
D. Row level system trigger
E. Row level application trigger
F. Statement level system trigger
Answer: B
Explanation:
The qualifiers :OLD and :NEW can only be used with row level DML triggers.
NEW QUESTION: 3
The following statements are about the non-group market for managed care products in the United States.
Select the answer choice containing the correct statement.
A. HCFA (now known as the Centers for Medicare and Medicaid Services) must approve all membership and enrollment materials used by MCOs to market managed care products to the Medicare population.
B. Managed care plans are not allowed to health screen individual market customers who are under age
65, even if the health screen could help prevent anti selection.
C. In order to promote a product to the individual market, MCOs typically rely on personal selling by captive agents rather than on promotional tools such as direct mail, telemarketing, and advertising.
D. Managed Medicare plans typically are allowed to reject a Medicare applicant on the basis of the results of medical underwriting of the applicant.
Answer: A