Question
For identification and measurement of operational risk,
how many loss events have been identified?Solution
A definition for operational risk, including the loss event types that will be monitored. Promptly detecting and addressing these deficiencies can substantially reduce the potential frequency and/or severity of a loss event. There are 7 loss event type classification under operational risk in banks as follows: i. Internal Fraud ii. External fraud iii. Employment Practices and Workplace Safety iv. Clients, Products & Business Practices v. Damage to physical assets vi. Business disruption & system failures vii. Execution, Delivery & Process Management
Which ministry launched the ‘DigiClaim’ platform under the national crop insurance portal for speedy disbursal of claims to insured farmers?
Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, risk coverage of ₹2 Lakh is credited to the savings bank account of the holder in case of the death...
IFSCA, with support from GoI, has instituted a flagship thought leadership event, “InFinity Forum” as an annual feature beginning in 2021. This even...
The approximate percentage change in a bond’s price for a 1% change in yield to maturity is given by:
Projected Annual Turnover: ₹24 crore
Borrower margin: 5%
What is the permissible WC limit under Nayak Committee norms?
Which the following is not the reason for demand pull inflation?
What is the maximum number of partners allowed in a Limited Liability Partnership (LLP) in India?
Consider the following statement:
I. Highest surcharge rate on income above 5 crore to be reduced from 37% to 30% under new regime
II. E...
A statement which gives organization-specific definitions of what’s expected and required with respect to the behavior and actions within the organiza...
Where is personal wealth management more skewed towards?
