RC 1

One of the arrangements made by the Bank to mitigate operational risk is………. 

• Business Continuity Plan

• Banking Ombudsman Scheme

• Taxation Audit

• RBI Audit

Which among the following is not a factor causing Operational Risk ?

• People

• Business

• Process

• External events

while closing the cash at EOD, Ritikka teller of Yelahanka Branch reported Rs.5000/- as cash shortage. Cash shortage not recovered is an example of …..

• Expected Loss

• Potential loss

• Near Miss

• Actual loss 

Deepak,RM of Hebbal Branch, wrongly transferred Rs. 25,000/- in S.K .Traders account instead of S.M. Trading. This is an example of .........................

• Credit Risk

• Business Risk

• Operational Risk

• Transfer Risk

Ms. Sujata was laid off from her job. She defaulted in EMI payment towards her car loan.  This will be classified as:

• Credit risk

• Market risk

• Operational risk

• Environmental risk

Risk due to changes in market variables like Interest Rate, Foreign Exchange Rate, which may result in financial loss to the Bank is called …

• Credit Risk

• Interest Risk

• Variable Risk

• Market Risk

Loss arising from disruption of hardware or software failure such as I-Core system not working for one day is caused by____

• People

• System 

• External Factor

• Process

Rajiv invested Rs. 5 lakh of Mr. Goel, a senior citizen, in mutual fund with a commitment that Mr. Goel will earn 25% return in his investment after 1 year. This  commitement may  result in…...........

• Actual Loss

• Near Miss

• Potential Loss

• Original Loss

On 25th September there was system failure in R.T.Nagar Branch, which is an operational risk incident. Where should R.T. Nagar Branch Report this incident?

• Audit Department

• Reveleus Operational Risk System(ROR)

• Regional Head

• Fraud Reporting

Which of the following is not a loss on account of operational risk?

• Loss due to Fraud by the Staff of the Bank

• Loss of data due to virus attack in the system

• Loss due to fire

• Loss on account of loan going bad