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University
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Hard
Remil Yabut
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main focus of operational risk management in financial institutions?
Reducing credit risk
Managing strategic risk
Quantifying market risk
Measuring operational risk
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT included in the types of risks associated with the Basel II definition of operational risk?
Business interruption
Strategic risk
External fraud
Internal fraud
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of Basel II in the context of banking regulations?
To increase market risk
To set international standards for capital adequacy
To eliminate credit risk
To promote operational risk
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three alternative approaches offered by Basel II for measuring operational risk for regulatory capital purposes?
Basic indicator approach, Standardized approach, Advanced approach
Simple approach, Complex approach, Hybrid approach
Traditional approach, Modern approach, Innovative approach
Standard approach, Custom approach, Tailored approach
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was identified as a major cause of the global financial crisis according to the Risk and Insurance Managers Society (RIMS)?
Historic controls and monitoring
Over-reliance on compliance and controls
Failure to embed enterprise risk management best practices
Proper understanding of risk tolerances
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the key difference between financial institutions (FIs) and non-FIs in terms of operational risks?
FIs are not affected by global financial crises
FIs face more risks than non-FIs
FIs are required to quantify their operational risks
FIs are not required to quantify their operational risks
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary responsibility of line managers in financial institutions regarding operational risk management?
Developing financial models
Overseeing compliance and controls
Quantifying operational risk exposure
Implementing controls and monitoring
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