Question
Which category of operational risk events encompasses
losses from KYC and guideline breaches?Solution
Operational risk is the risk of direct and indirect loss resulting from inadequate or failed internal processes, people, & systems or from external events. KYC and guideline breaches are related to Clients, Products & Business Practices operational risk which means losses arising from an unintentional or negligent failure to meet a professional obligation to specific clients (including fiduciary and suitability requirements), or from the nature or design of a product.
Statements:
Atleast some Oranges are Apple
Only Apple is Mango
Only a few Watermelons are Orange
Conclusions:
I)...
Statement:
Only a few beautiful are smart.
All smart are handsome.
No handsome is ugly.
Conclusion:
I. Some beautiful...
In the given question, two conclusions are given and five statements as 1), 2), 3), 4) and 5). You need to choose the option that contains the set of s...
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if t...
Statements:
No Lamp are Light.
No Light are Bulb.
All Tube are Bulb.
Conclusions:
I. At least some Tube being Light i...
Statements:
All jokers are clowns.
All clowns are masters.
Conclusions:Â Â Â Â Â Â
I. All jokers are masters.
...Read the following statements and conclusions carefully. Assuming the information given in the statements is true, even if it appears to be at variance...
Statement:
No cup is a medal.
All medals are trophies.
No trophy is a shield.
Conclusion:
I. Some medals are not ...
Statements:
Mostly curtain are dark
Some dark are wall
At least some wall are green
Conclusions:
I. All curtain can...
Statement:
Some pens are erasers.
Only a few erasers are sharpeners.
All sharpeners are copies.
Conclusion:
I. Some p...
