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EXIN Management of Risk Foundation Sample Questions:

1. What are the M_o_R principles informed by?

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

2. Which document describes how risk management activities will support the achievement of corporate objectives throughout an organization?

A) Risk management strategy
B) Risk progress report
C) Risk management policy
D) Risk management process guide

3. Which is a purpose for an'M_o_R health check'?

A) Review how well risk management practices have been embedded
B) Provide a snapshot of the current status of identified risks
C) Examine future developments that may affect an organization's level of exposure to risk
D) Identify individuals or groups of individuals that have an interest in an organizations planned activity

4. What document separately describes the steps required to implement risk management within an organization?

A) Risk management strategy
B) Risk management policy
C) Business continuity plan
D) Risk management process guide

5. Which is a method for obtaining senior management commitment and support for understanding and managing risk?

A) Escalating risks from the programme, project or operational perspectives to higher levels as required
B) Ensuring the risk management function has a direct reporting line to a senior executive
C) Making formal assessments of management of risk implementation in areas of concern
D) Developing management of risk guidance handbooks and training materials

Solutions: