Question
Which of the following would have the primary
responsibility of understanding the risks run by the bank and ensuring that the risks are appropriately managed?Solution
The primary responsibility of understanding the risks run by the bank and ensuring that the risks are appropriately managed should clearly be vested with the Board of Directors. The Board should set risk limits by assessing the bank’s risk and risk bearing capacity. At organisational level, overall risk management should be assigned to an independent Risk Management Committee or Executive Committee of the top Executives that reports directly to the Board of Directors.
Match the List-I with List-II and select the correct answer from the codes given below:
Which Indian mobile phone brand has become the first one to launch 5G smartphones for its domestic customers?
In the Tokyo Olympics 2020, India’s athlete won the gold medal, who was he/she?
Which is the longest beach in India?
ASEAN is an inter-governmental organization of countries of:
What is the total cost of the project approved by the Union government for fencing the Myanmar border?
India's main money laundering risks, as per the FATF assessment, primarily stem from which of the following activities?
Who is the Chief Election Commissioner of India?
In which state is the folk dance 'Suggi Kunitha' performed?
When is ‘International Translation Day’ celebrated?
