FRM Financial Risk Manager Practice Test
Professionals in the field of financial risk management seek to minimize incidence of financial loss and setbacks by wisely engaging financial instruments. This includes identification of risk sources, measurement and provision of effective solution. Do you aspire to achieve the international professional certification courtesy of GARP? Provide answers to the following questions if you do.
- 1.
Which of these risks is not within the scope of financial risk management?- A.
Market risk
- B.
Operational risk
- C.
Health risk
- D.
Credit risk
- 2.
Which of these is not a reason for adopting Basel Accords?
- A.
Management of human error
- B.
Tracking
- C.
Exposure of operational risk
- D.
Reporting
- 3.
What theory encourages taking on a project if it improves the shareholder value?
- A.
Freedom theory
- B.
Referendum theory
- C.
Economic theory
- D.
Finance theory
- 4.
Which of these establishments does not engage a financial risk manager?
- A.
Asset management firms
- B.
Consulting firms
- C.
Banks
- D.
Food conservation companies
- 5.
Which of these is not related to financial risk management?
- A.
Quantitative analysis
- B.
Taxation
- C.
Valuation
- D.
Financial market
- 6.
Which of these does not involve using tools?
- A.
Quantitative analysis
- B.
Risk management
- C.
Operational risk measurement and management
- D.
Market risk measurement
- 7.
How many kinds of exchange risk exposure are of concern in financial management?
- A.
One
- B.
Four
- C.
Two
- D.
Three
- 8.
Which of these foreign exchange exposure is odd?
- A.
Economic exposure
- B.
Records exposure
- C.
Accounting exposure
- D.
Transaction exposure
- 9.
What risk increase with piece of goods and services?
- A.
Reputational risk
- B.
Inflation risk
- C.
Legal risk
- D.
Business risk
- 10.
How many are the types of liquidity of concern in financial risk management?
- A.
Five types
- B.
Four types
- C.
Three types
- D.
Two types
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