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EXIN Management of Risk Foundation Sample Questions:
1. What are the M_o_R principles informed by?
A) Statement of internal control
B) M_o_R approach
C) Basel II
D) Corporate governance principles
2. What principle is supported by early warning indicators?
A) Informs decision-making
B) Aligns with objectives
C) Engages stakeholders
D) Fits the context
3. Which role provides sponsorship to ensure that risk management is embraced within the organization?
A) Manager
B) Assurance
C) Risk specialist
D) Senior manager
4. Which is NOT a method for obtaining senior management commitment and support for understanding and managing risk?
A) Having risk delivery linked to performance objectives
B) Undertaking qualitative and quantitative assessment of risks
C) Having a board-level sponsor defined and communicated to all staff
D) Communicating risk management successes
5. Which document defines how much risk should be taken for a particular activity?
A) Risk progress report
B) Risk management strategy
C) Risk management process guide
D) Risk management policy
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B |





