FRM 2026 Part II Operational Risk and Resilience Loss Events Free Quiz 1

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FRM 2026 Part II Operational Risk and Resilience Loss Events Free Quiz 1

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FRM 2026 Part II Operational Risk and Resilience Loss Events Free Quiz 1

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

General10 MCQs

1. What is an operational risk loss event?

A. Loss events are only external fraud incidentsB. Loss events are incidents that result in financial loss due to operational failuresC. Loss events are not classifiedD. Loss events are only for regulatory reporting

2. What are the Basel categories of operational risk loss events?

A. There are three categories of loss eventsB. There are five categories of loss eventsC. There are seven categories of loss events under BaselD. There are ten categories of loss events

3. What types of events are classified as internal fraud?

A. Internal fraud includes misappropriation, bribery, and insider tradingB. Internal fraud is only about theftC. Internal fraud is the same as external fraudD. Internal fraud is not an operational risk loss event

4. What types of events are classified as external fraud?

A. External fraud is only about hackingB. External fraud is the same as internal fraudC. External fraud is not an operational risk loss eventD. External fraud includes cybercrime, identity theft, and cheque fraud

5. What are employment practices and workplace safety loss events?

A. Employment practices are not operational risksB. Employment practices and workplace safety includes discrimination, compensation, and safety eventsC. Workplace safety is not a loss event categoryD. Employment practices are only about hiring

General10 MCQs

6. What are clients, products, and business practices loss events?

A. Clients and products are not operational risksB. Business practices are not loss eventsC. Clients, products, and business practices includes fiduciary breaches, product defects, and regulatory violationsD. This category is only for fraud

7. What are damage to physical assets loss events?

A. Damage to physical assets includes natural disasters, terrorism, and vandalismB. Damage to physical assets is only about firesC. Physical asset damage is not an operational riskD. This category is only for external events

8. What are business disruption and system failures loss events?

A. Business disruption is only about power outagesB. System failures are not operational risksC. Business disruption is not a loss event categoryD. Business disruption and system failures includes hardware, software, and utility failures

9. What are execution, delivery, and process management loss events?

A. Execution and delivery are not operational risksB. Execution, delivery, and process management includes transaction failures, model errors, and accounting errorsC. Process management is not a loss event categoryD. This category is only for external events

10. What is the purpose of collecting loss event data?

A. Loss event data is not collectedB. Loss event data is only for regulatory reportingC. Loss event data should be collected in a loss database for risk managementD. Loss event data does not need to be maintained

📋 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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