Sample Questions
 


1. Traditionally, corporate risk management considered all of the following risks EXCEPT
A. Liability risks.   
B. Financial risks.
C. Property risks.
D. Personnel risks.

2. Which of the following is most likely to occur in a “hard” insurance market?
A. high insurance premiums and loose underwriting standards
B. low insurance premiums and loose underwriting standards
C. low insurance premiums and tight underwriting standards
D. high insurance premiums and tight underwriting standards

3. A computerized database that permits the risk manager to store and analyze risk management data is called a.
A. Risk map.   
B. Risk management intranet.
C. Risk management software program.
D. Risk management information system.

4. A comprehensive risk management program that addresses an organization’s pure risks, speculative risks, strategic risks, and operational risks is called a(n)
A. Financial risk management program.   
B. Enterprise risk management program.
C. Integrated risk management program.
D. Double-trigger option program.

5. The risk management departments of some companies have developed interactive networks incorporating search capabilities. These networks are designed for limited, internal use. Such networks are called
A. Enterprise risk management plans.   
B. Risk management intranets.
C. Risk maps.
D. Risk management information systems.


Answers:      1 (B), 2 (B), 3 (C), 4 (A), 5 (A)




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