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LATEST API 580 Exam Prep QUESTIONS WITH VERIFIED SOLUTIONS
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LATEST API 580 Exam Prep QUESTIONS WITH VERIFIED SOLUTIONS LATEST API 580 Exam Prep QUESTIONS WITH VERIFIED SOLUTIONS
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LATEST API 580 - Exam Prep 2024-2025QUESTIONS WITH VERIFIED SOLUTIONS
The work product of the RBI assessment and management approach are plans that
address ways to manage risks. This is called:
A. An Equipment Plan
B. A Sensitivity Analysis
C. A Risk Management Plan
D. A total Risk Assessment - CORRECT ANSWER A
RBI is a substitute for:
A. Process Hazards Analysis (PHA)
B. Hazards and operability Study (HAZOP)
C. Mechanical Integrity (MI) Programs
D. None of the Above - CORRECT ANSWER D
Which of the following is not true concerning implementation of RBI implementation
plans to manage risks on an equipment level?
A. RBI will identify equipment that does not require inspection of some other form of
mitigation because of the acceptable level of risk associated with the equipment's
current operation
B. Required inspection activities will reduce the consequence of failure
C. It will provide an acceptance/understanding of the current risk level
D. It will result in an overall reduction in risk for the facilities and/or equipment -
CORRECT ANSWER B
,LATEST API 580 - Exam Prep 2024-2025
QUESTIONS WITH VERIFIED SOLUTIONS
RBI could be expanded to include failures other than loss of containment. Examples of
other failures and failure modes are:
A. Pressure relief devices (plugging, fouling, nonactivation)
B. Instrument and control systems
C. Structural Systems
D. Machinery Components - CORRECT ANSWER A
Absolute Risk is:
A. Risk resulting from forces of nature, acts of God, or sabotage
B. The manner of failure
C. Permanent Risk
D. An ideal and accurate description and quantification of risk - CORRECT ANSWER
D
In RBI terms, this is known as "the source of harm":
A. Hazard
B. Source
C. Hazardous Chemical
D. Toxic Chemical - CORRECT ANSWER A
Terms of reference by which the significance of risk is assessed. This may include
associated cost and benefits, legal and statutory requirements, socio-economic and
environmental aspects and other inputs to the assessment:
,LATEST API 580 - Exam Prep 2024-2025
QUESTIONS WITH VERIFIED SOLUTIONS
A. Risk Avoidance
B. Risk Criteria
C. Risk Identification
D. Quantitative Risk - CORRECT ANSWER B
What does the acronym BLEVE stand for?
A. Brine Levels Expand Vapor Equilibrium
B. Boiling Liquid Expanding Vapor Explosion
C. Below Estimated Value Earnings
D. Basic Limitations External to a Vessel Examination - CORRECT ANSWER B
According to API RP 580, failure is defined as which one of the following?
A. Loss of toxic material
B. Loss of life
C. Loss of hazardous material
D. Loss of containment - CORRECT ANSWER D
The ultimate goal of inspection is what purpose?
A. To reduce inspection costs
B. Safety and reliability of operating facilities
C. To reduce T/A time
, LATEST API 580 - Exam Prep 2024-2025
QUESTIONS WITH VERIFIED SOLUTIONS
D. To determine which inspection technique is most economical - CORRECT ANSWER
B
Risk can be calculated, mathematically, using which of the following formula?
A. Risk= Certainty x Consequence
B. Risk= Probability+ Consequence
C. Risk = Certainty + Consequence
D. Risk= Probability x Consequence - CORRECT ANSWER D
Excessive inspection may have what effect?
A. Will greatly reduce the risk level
B. May cause the risk level to increase
C. Will cause the specific equipment to last twice as long
D. May lead to differing corrosion rates - CORRECT ANSWER B
RBI is focused on a systematic determination of which of the following?
A. Risk tolerance
B. Relative risks
C. Absolute risk
D. Average risk - CORRECT ANSWER B
Risk management plans should be adjusted on what frequency?
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