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Free API API-580 Practice Exam with Questions & Answers | Set: 3

Questions 21

Probability of failure is typically expressed in terms of:

Options:
A.

undesirable events

B.

deterioration rate

C.

frequency

D.

time

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Questions 22

Which aspect of risk assessment is common to all types and levels of RBI?

Options:
A.

Logic models

B.

Risk plots

C.

Expert opinion

D.

Calculated risk levels

Questions 23

One of the key elements of an inspection plan is:

Options:
A.

probability of failure.

B.

examination methods to be used.

C.

repairs necessary to reduce risk.

D.

consequence of failure.

Questions 24

The resources and time required to implement an RBI assessment will vary widely between organizations depending on a number of factors including:

API-580 Question 24

Options:
A.

knowledge and training of implementers.

B.

cost of mitigation activities.

C.

the degree of precision required.

D.

amount of equipment included.

E.

type of damage mechanisms involved.

Questions 25

The governing inspection codes (such as API 510 and API 570) and jurisdictional regulations, if any, shall be reviewed to determine what?

Options:
A.

A default maximum time periods for RBI reassessments

B.

When the next turnaround must be scheduled

C.

If the risk of continued operation is acceptable

D.

When equipment that is deteriorating must be replaced

Questions 26

A risk assessment requires a cost estimate of potential environmental damage. Vessel replacement cost is $116,000, and downtime will be 15 days at a cost of $55,000 per day. The EPA fine for a leak of more than 1500 gallons is $1,650,000, and cleanup will cost $1,145,000. What total value will be assigned to the environmental cost of a leak?

Options:
A.

$1,145,000

B.

$1,650,000

C.

$2,795,000

D.

$3,620,000

Questions 27

Which mitigation system most effectively minimizes community exposure to a significant release of an acidic water-soluble vapor cloud?

Options:
A.

Toxic scrubbers

B.

Acid detectors

C.

Blast resistance construction

D.

Water curtain

Exam Code: API-580
Certification Provider: API
Exam Name: Risk Based Inspection Professional
Last Update: Jun 19, 2025
Questions: 90
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