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operational risk is the risk of loss arising from various types of human or technical error. Here the human error of forgetting to square off the position has exposed Vivek to risk of loss in the forex contract. Note - Operational risk has some form of link between credit and market risks. An operational problem with a business transaction could trigger a credit or market risk.
Consider the following statements regarding Kisan credit cards (KCC):
I. It was introduced for providing adequate and timely credit support to th...
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