Banking Awareness - Banking Acts, Reforms & Risk Management
The primary objective of a bank’s risk management framework is to:
The primary objective of a bank’s risk management framework is to:
easy Q1 of 15
Step-by-Step Solution
Step 1: Recall the purpose of risk management
Banks face unavoidable uncertainties in lending and operations.Step 2: Identify the correct objective
The framework focuses on identifying, assessing, and controlling risks.Final Answer:
Identify, assess, and control potential risks → Option AQuick Check:
Manage risks systematically, not eliminate them completely ✅
Quick Trick: Risk management = identify, measure, control.
Common Mistakes:
MISTAKES- Assuming risk management removes all risks.
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