
Governance, Risk and Compliance Quiz

Quiz
•
Professional Development
•
Professional Development
•
Medium
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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