General Studies · Banking Risk Culture
According to the principles of effective risk governance, which of the following characteristics best indicates a strong and healthy risk culture within a banking institution?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Information regarding potential operational failures is withheld from stakeholders to maintain organizational reputation.
- 2An environment of open communication exists where staff are encouraged to escalate concerns about unethical behavior or excessive risk-taking.✓
- 3Risk management is viewed as the exclusive responsibility of the dedicated risk department rather than the business units.
- 4Financial targets and performance incentives are prioritized over adherence to risk appetite limits.
Correct answer
An environment of open communication exists where staff are encouraged to escalate concerns about unethical behavior or excessive risk-taking.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for General Studies?
Practice full-length General Studies mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking Risk Culture MCQs →Want more practice questions on Banking Risk Culture?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Banking Risk Culture