Question
Customer service in a bank branch has been disrupted for
2 hours, due to failure of the central server. What type of risk is this?Solution
Operational Risk: Defined as per Basel committee as the risk of loss (direct loss) resulting from inadequate or failed internal processes, people and systems or from external events. The events under operational risk leading to losses could include: 1.   Internal fraud, 2.   External fraud, 3.   Employment practices and workplace safety, 4.   clients, products and business practices, 5.   Damage to physical assets, 6.   Business disruption and system failures, 7.   Execution, delivery and process management
Which of the following Statements about the Government Securities is/are True?
I- They are less likely to be defaulted, as backed by the Sover...
The National Institute for Micro, Small and Medium Enterprises (NIMSME), which functions as an apex organisation for MSME training, research, and policy...
How many kilometers of inland waterways will be built to navigable waterways and strategic locations on key international maritime trade routes?
Under credit guarantee scheme for micro and small enterprises, The limit on ceiling for guarantees has been enhanced from Rs. 2 crore to —
Which of the following areas are challenging and need fresh initiatives for development in rural India?
(1) Development of human resources
...Polymorphism in fungi was first observed by:
Which of the following statement is not true about the scheme mentioned in the passage?
I. It aims to develop infrastructure in 500 cities
Which of the following statements accurately reflect the interconnectedness of the Sustainable Development Goals (SDGs)?
Statement A: Achievin...
In the event of non-supply of food grains, how the Government compensate the beneficiaries under the NFSA?
One of the sub-schemes of SMILE is Central Sector Scheme for Comprehensive Rehabilitation for Welfare of Transgender Persons. Which of the following is ...
