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2016-FRR Dumps With Exact Questions and Answers

Exact2pass Provides 100% Valid Financial Risk and Regulation (FRR) Series 2016-FRR Exam dumps Questions and answers which can helps you to Pass Your Certification Exam in First Attempt.

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2016-FRR Questions and Answers

Question # 1

Bank customers traditionally trade commodity futures with banks in order to achieve which of the following goals?

I. To express their own price views

II. To reverse undesired short-term exposure created from fixed commodity sales

III. To reach short-term budgetary targets

A.

I

B.

II

C.

I, III

D.

I, II, III

Question # 2

Which one of the following inherent biases occurs in scenario analysis for operational risk?

A.

Optimism bias

B.

Sampling bias

C.

Determinable bias

D.

Motivation bias

Question # 3

Which of the following statements presents an advantage of using risk and control self-assessments (RCSA) in the operational risk framework?

I. RCSA provides very accurate scoring of risks and controls due to its subjective nature.

II. RCSA program provides insight into risks that exist in a firm, but that may or may not have occurred before.

III. RCSA program can produce biased but transparent operational risk reporting.

IV. RCSA program allows each department to take ownership of its own risks and controls.

A.

I and III

B.

II and IV

C.

I, II and III

D.

II, III, and IV

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