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      Question

      Under Basel III norms, which risk is not directly

      covered?
      A Credit Risk Correct Answer Incorrect Answer
      B Operational Risk Correct Answer Incorrect Answer
      C Market Risk Correct Answer Incorrect Answer
      D Legal Risk Correct Answer Incorrect Answer
      E Liquidity Risk Correct Answer Incorrect Answer

      Solution

      Legal risk is generally part of operational risk but is not independently covered in Basel capital requirements.

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