Banking Awareness - Basics Of Banking & Banking Terminology
Risk arising from failure of internal controls, processes, or people is classified as:
Risk arising from failure of internal controls, processes, or people is classified as:
medium Q7 of 15
Step-by-Step Solution
Step 1: Identify internal source
The issue comes from people or processes.Step 2: Match with definition
Operational risk arises from internal failures.Final Answer:
Operational risk → Option CQuick Check:
Process or people failure = Operational risk ✅
Quick Trick: Internal failure = Operational risk.
Common Mistakes:
- Attributing internal issues to market risk.
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