OPERATIONAL RISK QUIZ 25TH JUNE 2024
Authored by sridhar koneti
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Professional Development
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30 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the primary objective of operational risk management in banks?
Maximizing profits
Minimizing losses
Complying with regulations
Enhancing customer satisfaction
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is NOT a component of operational risk?
People
Processes
Systems
Marketing
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which Basel regulation specifically addresses operational risk?
Basel I
Basel II
Basel III
Basel IV
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which approach allows banks to use their own internal models to estimate operational Risk Capital Requirements?
Basic Indicator Approach (BIA)
Standardized Approach (SA)
Advanced Measurement Approach (AMA)
Internal Ratings-Based Approach (IRB)
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Operational risk includes all the following EXCEPT:
Internal fraud
External Fraud
Market Risk
System Failures
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the purpose of a risk and control self-assessment (RCSA)?
To calculate credit risk
To evaluate and mitigate operational risks
To determine market trends
To improve customer relations
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is an example of an operational risk event?
Interest rate fluctuation
Data breach
Exchange rate fluctuation
Commodity price change
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