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

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

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

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

General10 MCQs

1. What is operational resilience?

A. Operational resilience is the same as business continuityB. Operational resilience is the ability to prepare for, respond to, and recover from disruptions while maintaining critical servicesC. Operational resilience is only about IT systemsD. Operational resilience is optional

2. What does operational resilience focus on?

A. Operational resilience focuses on IT recoveryB. Operational resilience is the same as disaster recoveryC. Operational resilience focuses on maintaining critical business services during disruptionsD. Operational resilience is only for financial institutions

3. What are important business services in operational resilience?

A. Important business services are those that would cause significant harm if disruptedB. Important business services are the same as all business servicesC. Important business services are not relevant to resilienceD. Important business services are only for large organisations

4. What is the regulatory context for operational resilience in the UK?

A. Operational resilience is not regulatedB. Regulators do not have standards for operational resilienceC. Operational resilience standards are only for US firmsD. The FCA and Bank of England have issued operational resilience policy statements

5. What are impact tolerances in operational resilience?

A. Impact tolerances are the same as recovery time objectivesB. Impact tolerances define the maximum acceptable disruption level for a serviceC. Impact tolerances are optionalD. Impact tolerances are set by the regulator

General10 MCQs

6. What are the components of an operational resilience framework?

A. Operational resilience framework has two components: planning and testingB. Operational resilience framework is the same as the BCPC. Operational resilience framework includes governance, identification of services, impact tolerance, assessment, and improvementD. Operational resilience framework is optional

7. What is a resilience assessment?

A. Resilience assessment involves testing ability to stay within impact tolerancesB. Resilience assessment is the same as a BIAC. Resilience assessment is a one-time exerciseD. Resilience assessment is optional

8. What does operational resilience consider?

A. Operational resilience is only about technologyB. Operational resilience is only about peopleC. Operational resilience is only about processesD. Operational resilience requires a holistic view of people, processes, technology, and third parties

9. What is the board's role in operational resilience?

A. The board has no role in operational resilienceB. The board sets impact tolerances and oversees the resilience frameworkC. Operational resilience is solely managed by the COOD. The board only reviews financial reports

10. What scenarios should be considered in operational resilience?

A. Operational resilience scenarios are limited to IT failuresB. Operational resilience scenarios are only for internal eventsC. Operational resilience scenarios should include severe but plausible events across various threatsD. Scenario analysis is not part of resilience

📋 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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