New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which of the following is not an objective of risk

    management:
    A Achieve a better understanding of risk for competitive advantage. Correct Answer Incorrect Answer
    B To eliminate all risks associated with a project Correct Answer Incorrect Answer
    C Build and improve capabilities to respond effectively to low probability, critical, catastrophic risks. Correct Answer Incorrect Answer
    D Achieve cost savings through better management of internal resources Correct Answer Incorrect Answer
    E Allocate capital more efficiently Correct Answer Incorrect Answer

    Solution

    Risk management does not aim to eliminate all risks associated with a project because it is impossible to completely eliminate all risks. Every project involves some level of risk, and risk management aims to identify and mitigate those risks to an acceptable level.

    Practice Next

    Relevant for Exams: