Australian Prudential Regulation and Risk Governance Practice Test

80 questions available

Build your confidence for Australian Prudential Regulation and Risk Governance. Practice the concepts, understand the answers, and strengthen your knowledge one question at a time.

Try a sample question

Try 5 free questions

No account needed. A free account includes 20 questions for this exam.

80 Practice questions

1 hour 20 minutes Practice Time

Try 5 free questions

No account needed. A free account includes 20 questions for this exam.

The bank 80 Practice questions checked against the official objectives.

80 practice questions

Exam overview and details

Questions cover Australian prudential regulation, risk governance, and compliance in APRA-regulated institutions. This practice supports people building or checking their understanding of board responsibilities, risk frameworks, capital, liquidity, and supervisory engagement. Administered by APRA. Key domains include Capital Adequacy CPS 190, Financial Claims Scheme, Governance Requirements CPS 510 and Liquidity Standards APS 210.

Sample Questions

Choose an answer and explore the explanation to see how practice works.

Risk Management and Operational Resilience

In June 2026, a banking group NOHC knows its cloud provider relies on a managed identity platform for a critical operation but has no visibility of fourth-party concentration. A recent customer or member impact report contains both relevant and irrelevant operational detail. The exam task is to decide what should be done. What is the best answer?

Risk Management and Operational Resilience

In February 2026, a regional credit union meets customer service restoration targets after an outage but misses internal risk escalation and board reporting thresholds. Internal audit has raised a related finding, but management says it is a documentation issue. The exam task is to decide what is the prudential issue. What is the best answer?

Capital, Liquidity and Financial Resilience

In February 2026, a mutual bank reports an LCR of 108 percent but relies on monetising assets that become illiquid in the same market stress used in the scenario. The accountable executive wants to close the issue before the next APRA meeting. The exam task is to decide what should treasury address. What is the best answer?

Reporting, Data and Breach Management

In October 2025, a banking group NOHC finds a likely prudential breach but wants to complete a six-week root cause review before telling APRA. A recent customer or member impact report contains both relevant and irrelevant operational detail. The exam task is to decide what is the better approach. What is the best answer?

Superannuation and Insurance Prudential Duties

In April 2026, a superannuation trustee a private health insurer faces provider cost inflation and delayed premium round assumptions but has not refreshed capital forecasts. The board pack also includes a clean financial metric that management says should settle the matter. The exam task is to decide what is the financial duty. What is the best answer?

Exam insights and study advice

Prudential governance connects institutional risks with oversight, controls, and regulatory obligations. Reviewing these concepts helps learners understand how risk management and compliance fit together.