New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    Which of the following is not a step in the Risk

    Management Process?
    A Stabilize risk Correct Answer Incorrect Answer
    B Measure risk Correct Answer Incorrect Answer
    C Identify risk Correct Answer Incorrect Answer
    D Mitigate risk Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Risk management  is the process of identifying, assessing (or measuring) and mitigating risks. The 4 steps involved in this process are: ·         Identify the risk. ·         Assess the risk. ·         Treat the risk. ·         Monitor and Report on the risk.

    Practice Next

    Relevant for Exams: