Governance, Risk and Compliance Quiz

Governance, Risk and Compliance Quiz

Professional Development

20 Qs

quiz-placeholder

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Governance, Risk and Compliance Quiz

Governance, Risk and Compliance Quiz

Assessment

Quiz

Professional Development

Professional Development

Medium

Created by

Qamar Ak

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does GRC stand for?

Governance, Regulation and Compliance

Government, Risk and Control

Governance, Risk and Compliance

General Risk Control

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key component of compliance?

Creating marketing strategies

Developing internal controls

Risk appetite calculation

Conducting external audits only

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary role of governance in GRC?

Managing external audits

Promoting marketing efficiency

Managing risks to the execution of company strategy

Monitoring IT networks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT a benefit of an effective GRC system?

Enhance organizational culture

Eliminate all risks completely

Increase stakeholder confidence

Improve responsiveness and efficiency

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What caused the collapse of Barings Bank in 1995?

A cyberattack

Poor lending decisions

Unauthorized derivatives trading and lack of controls

A market crash

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which regulatory objective focuses on giving all market participants equal opportunity?

Consumer protection

Reducing systemic risk

Fair, efficient and transparent markets

Enhancing consumer confidence

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four typical ways to deal with risk (4Ts)?

Take, Transmit, Treat, Terminate

Transfer, Terminate, Tolerate, Treat

Trap, Terminate, Target, Track

Treat, Track, Time, Tolerate

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