- What type of risk involves potential losses from inadequate or failed internal processes, people, and systems?
- A) Financial Risk
- B) Strategic Risk
- C) Operational Risk
- D) Compliance Risk
- Answer: C) Operational Risk
- Which risk pertains to losses arising from errors or failures in IT systems or technology?
- A) Financial Risk
- B) Operational Risk
- C) Market Risk
- D) Compliance Risk
- Answer: B) Operational Risk
- What type of operational risk is associated with fraud or misconduct by employees?
- A) Process Risk
- B) External Risk
- C) People Risk
- D) System Risk
- Answer: C) People Risk
- Which risk involves potential losses due to inadequate or failed business processes?
- A) Compliance Risk
- B) Operational Risk
- C) Market Risk
- D) Credit Risk
- Answer: B) Operational Risk
- What type of operational risk includes losses from natural disasters or other external events impacting business operations?
- A) External Risk
- B) System Risk
- C) Process Risk
- D) People Risk
- Answer: A) External Risk
- Which risk involves potential financial loss from ineffective risk management strategies or internal controls?
- A) Compliance Risk
- B) Operational Risk
- C) Financial Risk
- D) Strategic Risk
- Answer: B) Operational Risk
- What type of risk arises from failure to comply with company policies or industry standards?
- A) Financial Risk
- B) Operational Risk
- C) Market Risk
- D) Compliance Risk
- Answer: B) Operational Risk
- Which risk involves potential loss due to failure in supply chain management or logistics?
- A) System Risk
- B) Process Risk
- C) People Risk
- D) External Risk
- Answer: B) Process Risk
- What type of operational risk is associated with the failure of a business’s key technology or systems?
- A) People Risk
- B) System Risk
- C) Process Risk
- D) External Risk
- Answer: B) System Risk
- Which risk involves potential losses due to inadequate training or incompetence of employees?
- A) System Risk
- B) Compliance Risk
- C) People Risk
- D) Process Risk
- Answer: C) People Risk
- What is the risk of financial loss due to inadequate security measures or cybersecurity breaches?
- A) Market Risk
- B) Operational Risk
- C) Credit Risk
- D) Compliance Risk
- Answer: B) Operational Risk
- Which risk involves potential losses from failures in communication or information flow within an organization?
- A) System Risk
- B) Process Risk
- C) People Risk
- D) External Risk
- Answer: B) Process Risk
- What type of operational risk arises from external factors such as changes in regulation or economic conditions?
- A) System Risk
- B) People Risk
- C) External Risk
- D) Process Risk
- Answer: C) External Risk
- Which risk is associated with potential losses from failures in business continuity planning or disaster recovery?
- A) People Risk
- B) Process Risk
- C) System Risk
- D) External Risk
- Answer: C) System Risk
- What type of operational risk involves losses due to poor quality control or product defects?
- A) Compliance Risk
- B) Process Risk
- C) People Risk
- D) External Risk
- Answer: B) Process Risk
- Which risk involves the possibility of loss from inadequate management of employee relationships or organizational culture?
- A) System Risk
- B) People Risk
- C) External Risk
- D) Compliance Risk
- Answer: B) People Risk
- What is the risk of financial loss due to operational failures such as system outages or interruptions in service?
- A) Financial Risk
- B) Market Risk
- C) Operational Risk
- D) Strategic Risk
- Answer: C) Operational Risk
- Which type of risk includes potential losses from failures in accounting or financial reporting processes?
- A) Compliance Risk
- B) Operational Risk
- C) Financial Risk
- D) Strategic Risk
- Answer: B) Operational Risk
- What type of operational risk involves potential loss due to ineffective internal controls or audit processes?
- A) System Risk
- B) Process Risk
- C) People Risk
- D) Compliance Risk
- Answer: B) Process Risk
- Which risk involves potential losses due to failures in regulatory compliance or legal obligations?
- A) Operational Risk
- B) Financial Risk
- C) Compliance Risk
- D) Strategic Risk
- Answer: C) Compliance Risk
- What type of operational risk is related to potential losses from inadequate vendor or third-party management?
- A) Process Risk
- B) System Risk
- C) External Risk
- D) People Risk
- Answer: A) Process Risk
- Which risk involves potential losses from failures in managing business processes or procedures?
- A) System Risk
- B) Operational Risk
- C) People Risk
- D) External Risk
- Answer: B) Operational Risk
- What type of operational risk involves potential losses from technological disruptions or failures in IT infrastructure?
- A) Compliance Risk
- B) Process Risk
- C) System Risk
- D) People Risk
- Answer: C) System Risk
- Which risk includes potential losses from operational inefficiencies or ineffective operational strategies?
- A) Market Risk
- B) Operational Risk
- C) Financial Risk
- D) Compliance Risk
- Answer: B) Operational Risk
- What type of operational risk involves potential losses due to failures in organizational leadership or management practices?
- A) People Risk
- B) System Risk
- C) Process Risk
- D) External Risk
- Answer: A) People Risk
- Which risk involves potential losses from inadequate or failed risk management processes within an organization?
- A) Financial Risk
- B) Operational Risk
- C) Strategic Risk
- D) Market Risk
- Answer: B) Operational Risk
- What type of risk is associated with potential losses from the failure of backup systems or data recovery plans?
- A) System Risk
- B) People Risk
- C) Process Risk
- D) External Risk
- Answer: A) System Risk
- Which risk involves potential losses due to inadequate response to changes in operational environment or market conditions?
- A) Operational Risk
- B) Strategic Risk
- C) Financial Risk
- D) Compliance Risk
- Answer: B) Strategic Risk
- What type of operational risk involves losses from failures in managing operational costs or budgeting?
- A) Financial Risk
- B) Operational Risk
- C) System Risk
- D) People Risk
- Answer: B) Operational Risk
- Which risk involves potential losses due to failures in safeguarding sensitive or confidential information?
- A) Compliance Risk
- B) People Risk
- C) Operational Risk
- D) Financial Risk
- Answer: C) Operational Risk