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"SAP Certified Development Associate - SAP HANA Cloud 1.0", also known as C-HCDEV-01 exam, is a SAP Windows Certification.

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Which of the following assumptions underlie the 'square root of time' rule used for computing VaR estimates over different time horizons?
I. the portfolio is static from day to day
II. asset returns are independent and identically distributed (i.i.d.)
III. volatility is constant over time
IV. no serial correlation in the forward projection of volatility
V. negative serial correlations exist in the time series of returns
VI. returns data display volatility clustering
A. I, II, III and IV
B. I, II, V and VI
C. I and II
D. III, IV, V and VI
Answer: A
The square root of time rule can be used to convert, say a 1-day VaR to a 10-day VaR, by multiplying the known number by the square root of time to get the VaR over a different time horizon. However, there are key assumptions that underlie the application of this rule, and statements I to IV correctly state those assumptions.
Statements V and VI are not correct, because the application of the square root of time rule requires the absence of serial correlations, and also the absence of volatility clustering (ie independence). Therefore Choice
'c' is the correct answer.
The square root of time rule is also applied to convert volatility or standard deviation for one period to the volatility for a different time period. Remember that VaR is just a multiple of volatility, and therefore the assumptions that apply to the square root of time rule for VaR also apply to the same rule when used in the context of volatilities or standard deviation.

Which steps are needed when implementing the singleton concept for class instantiation with minimum coding?
There are 3 correct answers to this question.
A. Create an instance of the class in a static constructor.
B. Define the class as abstract.
C. Save the instance of the class in a static attribute.
D. Define the instantiation of the class as private.
E. Create an event that returns the instance of the class.
Answer: A,C,D

Which two data link layers are supported by Cisco IOS Software for IPv6? (Choose two.)
A. Frame Relay SVC
C. Frame Relay PVC
Answer: B,C

In Kerberos, the Ticket Granting Ticket (TGT) is used for which of the following?
A. Authorization
B. Authentication
C. Multifactor authentication
D. Identification
Answer: B
An authentication ticket, also known as a ticket-granting ticket (TGT), is a small amount of encrypted data that is issued by a server in the Kerberos authentication model to begin the authentication process. When the client receives an authentication ticket, the client sends the ticket back to the server along with additional information verifying the client's identity.
The server then issues a service ticket and a session key (which includes a form of password), completing the authorization process for that session.
In the Kerberos model, all tickets are time-stamped and have limited lifetimes. This minimizes the danger that hackers will be able to steal or crack the encrypted data and use it to compromise the system. Ideally, no authentication ticket remains valid for longer than the time an expert hacker would need to crack the encryption. Authentication tickets are session-specific, further improving the security of the system by ensuring that no authentication ticket remains valid after a given session is complete.

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