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EXIN Management of Risk Foundation Sample Questions:

1. Which is a purpose of the risk management process guide?

A) Explain how the risk management steps will be carried out across the organization
B) Describe the steps required to improve the level of risk management within an organization
C) Describe the specific risk management activities that will be performed on a particular organizational activity
D) Explain how risk management practices will be implemented throughout an organization

2. Identify the missing word in the following sentence. Applying the 'aligns with objectives'
principle at the [ ? ] perspective ensures risk management is responsive to changes to objectives that meet shareholder needs, reputation and demand for services.

A) operational
B) programme
C) strategic
D) project

3. What are the M_o_R principles informed by?

A) Corporate governance principles
B) Statement of internal control
C) Basel II
D) M_o_R approach

4. Identify the missing words in the following sentence. Actions to [ ? ] are the source of secondary risks.

A) tackle risks to an organizational activity
B) improve how risk is managed
C) embed risk management
D) transform process step inputs to outputs

5. Which is needed together with the risk management policy and risk management process guide to form an'M_o_R approach'?

A) Risk response plan
B) Risk progress report
C) Risk management strategy
D) Risk register

Solutions: