Banking Awareness - Banking Acts, Reforms & Risk Management
Which of the following best describes risk measurement in banks?
Which of the following best describes risk measurement in banks?
easy Q2 of 15
Step-by-Step Solution
Step 1: Understand risk measurement
Measurement involves estimating the size and impact of risks.Step 2: Match with the correct description
It quantifies potential losses arising from risks.Final Answer:
Quantifying potential losses from identified risks → Option BQuick Check:
Measurement = estimate impact of risk ✅
Quick Trick: Measurement always involves numbers or estimates.
Common Mistakes:
MISTAKES- Confusing risk measurement with risk control.
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