IC86 RISK MANAGEMENT - 10
| Q1.Insurance securitization and other techniques of risk transfer to the capital markets are used ____. 1. As a means of covering insurance risks 2. As tools for additional and alternative capacity if sufficient risk capacity is not available in the traditional market 3. As a tool for combining insurance risks with financial market risks |
| Only 1 |
| All 1, 2 and 3 |
| Only 3 |
| Both 1 and 2 |
| Both 2 and 3 |
| Q2.What is ART with respect to insurance and related risk management? |
| Actual Risk Theory |
| Accepted Risk Transfer |
| Alternative Risk Transfer |
| Aggregate Risk Training |
| Adaptive Risk Technique |
| Q3.Which type of risk is connected with losses caused by the irregular action of the forces of nature or the mistakes and misdeeds of human beings? |
| Social Risk |
| Personal Risk |
| Static Risk |
| Dynamic Risk |
| Pure Risk |
| Q4.Identify the advantages of the physical inspection/surveys method of risk identification? 1. Personal visits and interactions with the plant personnel help the risk manager in developing a rapport with them and thus having a better understanding of the risk exposure 2. By doing a physical inspection one can have first-hand information from the site and avoid reliance on reports from others 3. By reviewing the reports, one gets a broad idea of the extent of risks involved |
| Only 1 |
| Both 1 and 2 |
| Both 2 and 3 |
| Both 1 and 3 |
| All 1,2 and 3 |
| Q5.Risk control has often been regarded as synonymous with ____. |
| Risk Avoidance |
| Risk Control |
| Wealth Management |
| Risk Management |
| Risk Insurance |
| Q6.Which are the various types of financial risks? |
| Property risk, Currency risk, and Competition risk |
| Property risk, Currency risk, and Liquidity risk |
| Morbidity risk, Competition risk, and Liquidity risk |
| Morbidity risk, Currency risk, and Liquidity risk |
| Risk of frauds, Liquidity Risk, and Mortality risk |
| Q7.____ major industrial disaster took place in the USA. |
| Bhopal Gas Tragedy |
| Triangle Factory Fire |
| Seveso Dioxin disaster |
| Mina Mata Mercury disaster |
| Both 2 and 3 |
| Q8.Identify the person who primarily holds responsibility for a company's Risk Management program? |
| Ombudsman |
| Factory Manager |
| Risk Manager |
| Auditor |
| Chairman |
| Q9.The definition of Risk Management says - ' Risk Management is the ____ of risk factors. |
| Prevention, Evaluation, and Control |
| Reviewing, monitoring, and managing |
| Identification, Evaluation, Control, and Prevention |
| Identification, Analysis, Control, and Prevention |
| Identification, Avoiding, Control, and Pre_vention |
| Q10.Which of the following is NOT a reason to plan for recovery? |
| To save time |
| Reduction of damage |
| Protection of lives |
| Maximize disruptions |
| Reduction of stress |
