EMT Practice Test

1. Question Content...

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Question1: Stafford Beers Viable System Model (VSM) has several implementation elements. Which of the following is not one of these?

Question2: When a control is found to be ineffective, which of the following steps should be take next?

Question3: Internal loss data (ILD) consists of what kind of data?

Question4: In relation to the template for writing policy documents, which one of the following pairings of requirements is correct? A well designed policy will include:

Question5: Which of the following statements best defines the properties of top-down key risk indicators?

Question6: Which of the following is not an action available to management and the governing body to align the strategy with Risk Capacity.

Question7: Which of the below is a definition of climate risk?

Question8: For the Barings case study, what external event may have accelerated the discovery of the loss event?

Question9: What are some of the properties of Bottom-Up KRIs?

Question10: Which of the follow is not included in PRMIA's 10 principles of good governance?

Question11: The DORA act's full name is which of the following?

Question12: For the Barings case study, segregation of duties was an issue. How did this present itself in this case?

Question13: Risk Capacity for a bank is defined as the:

Question14: In the Basel III standardized approach for operational risk, what is the Business Indicator?

Question15: Which of the following is a correct statement about control rating scales?

Question16: For the National Australia Bank - FX Options case study, which was the major cause of the loss event?

Question17: In order for a KRI to be effective it must be:

Question18: For the National Australia Bank - FX Options case study, large and unusual transaction activity was a concern for what reason?

Question19: Which of the following principles is critical when creating the optimum policy range and content'?

Question20: Compliance departments traditionally provide policy, oversight, and set the standards for monitoring personal dealing. Which control below would assist in implementing such policies?

Question21: How can a chief risk officer encourage the governing body and executive management team to create a stronger risk culture?

Question22: How should Near Misses and Opportunity Costs be treated within Operational Risk?

Question23: Which of the follow does the risk function typically have responsibility for?

Question24: Team supervisors are key in the development and maintenance of the risk culture because they are:

Question25: In Operational Resilience, which of the following is not an important measure of whether a Business Service can be considered Critical?

Question26: The The Task Force on Climate-related Financial Disclosures (TCFD) was founded by which body?

Question27: Which of the below is accurate about a risk assessment workshop?

Question28: Risk Sensitive pricing is required for several good reasons. Which one of the following is not relevant to the Management's evaluation of the correct approach to Risk Sensitive pricing?

Question29: Ideally, which of the following should be completed as part of the risk assessments of service providers?