New RBI Grade B 2024 Batch 7 45+ 20 Days Study Plan; Download Now !!!
Register

Question

From the following in which of the step of risk management we check ‘How will the risk affect us’ and consider probability and impact of operations:

A Evaluate the risk Correct Answer Incorrect Answer
B Analyze the risk Correct Answer Incorrect Answer
C Treat the risk Correct Answer Incorrect Answer
D Monitor and review the risk Correct Answer Incorrect Answer
E Identify the risk Correct Answer Incorrect Answer

Solution

Once risks are identified thereafter organization determine the likelihood and consequence of each risk. Develop an understanding of the nature of the risk and its potential to affect business goals and objectives. This information is also entered in the Risk Register. Risk analysis deals with How risk is going to affect business, consider probability and impact to operations and check whether it is high or low.

Practice Next

Relevant for Exams:

×
×