Q 1. ______ can be seen as the opposite to insurance securitisation.
Q 2. Identify the factor(s) which are taken into account while determining the total cost of risk - 1. The cost of any risk control measures 2. The cost of injury or damage 3. The cost of handling and settling the loss
Q 3. Techniques and approaches like Study and Enquiry, Physical inspections, Check lists, Flow Charts etc. are use for _______ of risks?
Q 4. Which of the following ambitions is an organisation's capability to generate net income?
Q 5. A business faces possibility that it will be held legally liable for property damage or personal injuries suffered by others' - Identify what type of loss exposure is this?
Q 6. Identify which is NOT an example of Funded Traditional Contingent Capital tool?
Q 7. The process of Risk Management involves either - 1. Preventing losses 2. Minimising losses 3. Paying for those losses which will inevitably occur
Q 8. Which of these are the aftermaths of a disaster? 1. The interruption period is quiet long 2. Property damage 3. Substantial loss to life
Q 9. CAT bonds, Credit securitization, Weather derivatives and Finite risk products - these are examples of ______ . 1. Risk Retention Groups 2. Alternatives to insurance products 3. Insurance products
Q 10. In respect to the risk triangle which shows the degrees of risks, the apex or tip of the degree of this triangle indicates that there may be small number of risks which may have the most devastating effect so that it will make it impossible for the b
Q 11. Under which risk category does Risk of ill health, Risk of unemployment and Risk of early death fall?
Q 12. Which risks are associated with groups, impersonal in original and effect and these risks are in the form of political or Economic changes happening to a group?
Q 13. Identify in which ways revenues may get reduced as a result of an accidental loss to property? 1. There is a reduction in receivables 2. There is loss of rent 3. There are interruptions in operation
Q 14. Protected cell companies and Rent-a-captives are examples of ________ .
Q 15. When catastrophe strikes, the firm is prepared to take decisive timely action and clear communications to all stakeholders and media about those actions and does initiate and complete those actions and communications effectively'. Which type of proce
Q 16. ________ activity/activities are conducted at the Risk Treatment stage. 1. Risk Elimination 2. Risk Reduction 3. Risk Transfer
Q 17. Identify the process which involves trend analysis, stress testing, contingency planning, active catastrophic risk management, catastrophic risk transfer to anticipate the potential disasters which could destroy the organisation for the purpose of de
Q 18. The following activities form a part of 'Risk Mitigation Activities'. Arrange them in correct sequence. 1. Select Control 2. Priorities actions 3. Assign responsibility 4. Develop implementation plan
Q 19. Which of the following is NOT an element of an effective risk management programme?
Q 20. As per the international standards, which of the following situations requires updating a business plan / business continuity management plan? 1. When there is a change in contractors and suppliers 2. When there is a change in location 3. When resour
Q 21. In Consequential loss analysis (Manufacturing), property values at risk should be detailed for each block showing - 1. Buildings 2. Stock 3. Plant and Machinery
Q 22. To _____ means to forecast and plan, to organise, to command, to co-ordinate and to control.
Q 23. Which person(s) is/are primarily responsible for the risk management of a firm? 1. Risk Manager 2. Chairman 3. Auditor
Q 24. Identify the advantages of a written risk management policy statement? 1. Establishing and improving communication channels and MIS (Management Information Systems) 2. Defining duties, responsibilities and authority of the risk management department
Q 25. Risk associated with 'Changes in human wants' is classified as which of the following types of risk?
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