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GAQM ISO 31000 - Certified Lead Risk Manager Sample Questions:

1. Understanding the potential causes of risk events will primarily help an organisation to

A) improve internal audit procedures.
B) eliminate all risks
C) reduce the frequency of loss.
D) comply with corporate governance standards.

2. How many types of potential risk strategies exist?

A) 4
B) 5
C) 3
D) 2

3. Risk management professionals conduct supply-chain analyses to identify

A) international regulatory requirements.
B) contingent business interruption coverage.
C) potential vulnerabilities to the organization.
D) customer technology needs.

4. A train has crashed and is badly damaged. There have been numerous claims from injured passengers as well as a loss of revenue for the train operator. This is an example of

A) risk probability.
B) risk aggregation.
C) risk categorisation.
D) risk severity.

5. ISO 31000:2018 offers a generic outline for the design of the risk management framework and process.

A) True
B) False

Solutions: