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

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

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

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

General10 MCQs

1. What are risk controls?

A. Risk controls are only preventiveB. Risk controls reduce the likelihood or impact of risks, including preventive and detective controlsC. Risk controls are the same as risk identificationD. Risk controls are not used in operational risk

2. What are internal controls?

A. Internal controls are only about financial reportingB. Internal controls are the same as external auditC. Internal controls are policies and procedures to ensure reliability, compliance, and efficiencyD. Internal controls are optional for organisations

3. What is the difference between preventive and detective controls?

A. Preventive controls stop risks; detective controls identify risks that have occurredB. Preventive controls are the same as detective controlsC. Detective controls stop risks from occurringD. Preventive controls identify risks that have occurred

4. What is segregation of duties and its role in risk control?

A. Segregation of duties is a detective controlB. Segregation of duties is not a risk controlC. Segregation of duties is only for financial reportingD. Segregation of duties is a preventive control that reduces fraud risk

5. What are access controls and their purpose?

A. Access controls are detective controlsB. Access controls are preventive controls that restrict access to authorised personnelC. Access controls are not used in risk managementD. Access controls are only for IT systems

General10 MCQs

6. What is reconciliation as a risk control?

A. Reconciliation is a preventive controlB. Reconciliation is not a risk controlC. Reconciliation is a detective control that identifies discrepanciesD. Reconciliation is only used in banking

7. What is an audit trail in risk control?

A. An audit trail provides a record of transactions for detective purposesB. An audit trail is a preventive controlC. An audit trail is not used in risk managementD. An audit trail is only for financial records

8. What is the role of training in risk controls?

A. Training is a detective controlB. Training is not a risk controlC. Training is only for complianceD. Training is a preventive control that educates employees about risks

9. What are physical controls?

A. Physical controls are detective controlsB. Physical controls are preventive controls that protect physical assetsC. Physical controls are not used in risk managementD. Physical controls are only for cash handling

10. What is the control environment in internal control?

A. The control environment is the same as control activitiesB. The control environment is not part of internal controlC. The control environment is the foundation of internal controlD. The control environment is only relevant for large entities

📋 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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