Banking Awareness - Banking Acts, Reforms & Risk Management
Which of the following best represents risk mitigation in banking?
Which of the following best represents risk mitigation in banking?
medium Q6 of 15
Step-by-Step Solution
Step 1: Understand risk mitigation
Mitigation reduces the impact of risks.Step 2: Identify the suitable action
Diversification spreads risk and lowers loss impact.Final Answer:
Diversifying loan portfolio → Option BQuick Check:
Diversification reduces concentration risk ✅
Quick Trick: Spread exposure to reduce risk impact.
Common Mistakes:
MISTAKES- Thinking mitigation means ignoring risks.
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