Banking · Risk Management
In banking and financial institutions, risk management is regarded as a continuous and systematic process because institutions are exposed to multiple uncertainties arising from borrowers, markets, operations, and external conditions. In this context, risk management is best understood as the process of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Eliminating all uncertainty from business decisions permanently
- 2Identifying, measuring, monitoring, and controlling potential losses arising from different kinds of risk✓
- 3Focusing only on post-default recovery from borrowers
- 4Transferring all decision-making responsibility to auditors and regulators
Correct answer
Identifying, measuring, monitoring, and controlling potential losses arising from different kinds of risk
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
Start Free Mock Test →Preparing for Banking?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Risk Management MCQs →Want more practice questions on Risk Management?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Banking · Risk Management