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

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