| What is Risk? Describe the risks in the Banking Book, Trading Book, and Off-balance Sheet Exposure of a bank | Answer |
| Explain the ‘Risk’ considering activities of a financial institution. 98th BPE 1(a) | Answer |
| What is the relationship between risk and return? 97th BPE 1(b) Or “Risk and return are the two sides of the same coin” Explain. 7th BPE 1(b) | Answer |
| Define risk culture. Outline effective strategies that a financial institution can implement to reinforce and enhance its risk culture. 99th 1(c) | Answer |
| Discuss how important the risk culture is for effective bank management. 97th BPE 1(c) | Answer |
| Mention some areas where a bank should have their own risk strategy | Answer |
| What is risk appetite of a bank? What are the objectives of risk appetite? How is the risk management strategy of bank related to its risk appetite? 7th BPE 1(c), 98th BPE 5(b), 98th BPE 5(c) | Answer |
| What are the features of a well-crafted Risk Appetite Statement (RSA)? 5th BPE 1(b) | Answer |
| What is Risk Treatment? Considering the Severity and Probability of Occurrence, How Should Risk be Treated? | Answer |
| How does a risk governance structure contribute to effective risk management in a financial institution? 5th BPE 1(c) | Answer |
