FRM 2026 Part II Operational Risk and Resilience Fraud Risk Free Quiz 2

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FRM 2026 Part II Operational Risk and Resilience Fraud Risk Free Quiz 2

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FRM 2026 Part II Operational Risk and Resilience Fraud Risk Free Quiz 2

Practice FRM 2026 Part II Operational Risk and Resilience MCQs from Fraud Risk. Get instant results with Explanation.

General10 MCQs

1. How should fraud risk management be integrated?

A. Fraud risk management should be integrated with overall risk managementB. Fraud risk management is separate from other risk managementC. Fraud risk management does not need to be integratedD. Fraud risk management is only for the audit department

2. Who is responsible for fraud risk management?

A. The board is not responsible for fraud riskB. Senior management has no role in fraud riskC. Fraud risk is solely the responsibility of the fraud departmentD. The board and senior management oversee fraud risk management

3. What is a fraud risk policy?

A. A fraud risk policy is optionalB. A fraud risk policy sets out the approach to fraud management and should be approved by the boardC. A fraud risk policy is the same as the code of conductD. A fraud risk policy is only for finance staff

4. Why is training important in fraud risk management?

A. Fraud risk training is not neededB. Training is only for managersC. Fraud risk training and awareness are essential for all employeesD. Training is a one-time activity

5. What is the process for fraud investigation?

A. Fraud investigations should be conducted by trained personnel and documentedB. Fraud investigations are not necessaryC. Investigations can be conducted by anyoneD. Investigation findings are not reported

General10 MCQs

6. How is technology used in fraud detection?

A. Data analytics is not used for fraud detectionB. Forensic accounting is only for litigationC. Data analytics is only for financial reportingD. Data analytics and forensic accounting are used for fraud detection

7. What is the significance of collusion in fraud risk?

A. Collusion is not a fraud risk factorB. Collusion can bypass controls and is a key fraud risk factorC. Collusion is only relevant for large organisationsD. Collusion is not considered in fraud risk assessment

8. How should fraud risk management be maintained?

A. Fraud risk management is a one-time exerciseB. Fraud risk management is reviewed only when there is a fraud incidentC. Fraud risk management should be reviewed and updated regularlyD. Fraud risk management does not need to be updated

9. How does ethical culture affect fraud risk?

A. A strong ethical culture supports fraud risk managementB. Ethical culture is not related to fraud riskC. Culture does not affect fraud riskD. Ethical culture is optional for fraud risk management

10. What is the role of monitoring in fraud risk management?

A. Monitoring of fraud risk is not requiredB. Fraud risk indicators are not usedC. Reporting on fraud risk is optionalD. Fraud risk management includes monitoring and reporting on fraud risk indicators

📋 FRM - Test Online Practice Quizzes

FRM

Conducting Body: Global Association of Risk Professionals GARP

Frequency: three times a year: May, August, and November | Time: 240 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 100 MCQs):

Subject breakdown not available.

Merit Formula: -

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