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EXIN Management of Risk Foundation Sample Questions:

1. Which is a responsibility of the M_o_R senior manager role?

A) Review progress to develop the risk management policy
B) Specify risk tolerance levels
C) Define the amount of risk that should be taken for the organization
D) Develop risk improvement plans

2. Which defines an'MoR health check'?

A) A tool to identify how the application of M_o_R might be improved
B) A benchmarking of current capability
C) A list of actions to improve the way risk management is performed
D) An approach to embed the M_o_R principles

3. What is a 'central risk function'?

A) A group that may pose a risk to objectives through its opposition to plans
B) A group responsible for approving the funding for risk management
C) A group with formal responsibility for supporting strategic risk management
D) A group that acts on risks escalated from other perspectives

4. Which perspective ensures risk management maintains a view of the adequacy of controls that support service delivery to satisfy the fits the context principle?

A) Strategic
B) Operational
C) Project
D) Programme

5. What are the M_o_R principles informed by?

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

Solutions: