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    Question

    Managing risk in a bank means _______ A. not

    entering into any business where there appears to be risks B. implementing the appropriate policies and procedures to address the risks C. accept business which are categorised as’low risk’ D. to strictly abide by the legal opinion provided by the advocates
    A A, B and C Correct Answer Incorrect Answer
    B Only B Correct Answer Incorrect Answer
    C Only C Correct Answer Incorrect Answer
    D B and C Correct Answer Incorrect Answer
    E A and D Correct Answer Incorrect Answer

    Solution

    Risk management refers to the process whereby the organization methodically addresses the various risks by implementing appropriate policies and procedures.

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