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    Question

    The Board of the Bank had set the tolerance levels for

    the interest rate risk. The bank assesses and monitors the risk against the guidelines. Who should they report to about any deviations?
    A RBI Governor Correct Answer Incorrect Answer
    B Bank’s CEO Correct Answer Incorrect Answer
    C Board of directors Correct Answer Incorrect Answer
    D Bank’s CFO Correct Answer Incorrect Answer
    E Finance Minister Correct Answer Incorrect Answer

    Solution

    The Board of Directors are responsible for monitoring and assessing the risks of the Bank, setting tolerance levels of risk and take corrective actions, when required.

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