ABA Enterprise Risk Professional (CERP) Certification Sample Questions

ABA CERP VCE, Enterprise Risk Professional Dumps, CERP PDF, CERP Dumps, Enterprise Risk Professional VCE, ABA Enterprise Risk Professional PDF Getting knowledge of the ABA CERP exam structure and question format is vital in preparing for the ABA Enterprise Risk Professional certification exam. Our ABA Enterprise Risk Professional sample questions offer you information regarding the question types and level of difficulty you will face in the real exam. The benefit of using these ABA CERP sample questions is that you will get to check your preparation level or enhance your knowledge by learning the unknown questions. You will also get a clear idea of the exam environment and exam pattern you will face in the actual exam with the ABA Enterprise Risk Professional Sample Practice Test. Therefore, solve the ABA Enterprise Risk Professional sample questions to stay one step forward in grabbing the ABA Certified Enterprise Risk Professional (CERP) credential.

These ABA CERP sample questions are simple and basic questions similar to the actual ABA Enterprise Risk Professional questions. If you want to evaluate your preparation level, we suggest taking our ABA Enterprise Risk Professional Premium Practice Test. You might face difficulties while solving the real-exam-like questions. But, you can work hard and build your confidence on the syllabus topics through unlimited practice attempts.

ABA CERP Sample Questions:

01. What is the significance of understanding typical sources of risk concentration in evaluating risk relative to risk appetite and risk tolerance?

a) To calculate risk metrics and quantitative measures

b) To assess the potential upstream/downstream impact of risk events

c) To identify areas of high risk concentration

d) To perform root cause analysis

02. Business performance relative to policy limits is important because:

a) It determines the level of risk tolerance within the organization

b) It helps assess the effectiveness of the policy limits themselves

c) It ensures compliance with regulatory expectations

d) It provides guidance on risk appetite and culture

03. To champion policies, risk appetite, and risk culture across the organization, it is essential to:

a) Align risk management with corporate strategy

b) Discourage open communication about risks

c) Maintain silos between different departments

d) Minimize employee involvement in risk-related decisions

04. How do design elements in MIS reports to board and senior management contribute to escalating attention to important risk mitigation actions?

a) By conducting risk aggregation analysis

b) By managing risk with system limitations

c) By confirming and challenging system integrity

d) By designing elements that highlight risk mitigation actions

05. Why are idiosyncratic risks important to the business in the context of risk appetite?

a) They determine the approval authority for exceptions

b) They influence the documentation of policy exceptions

c) They impact the relationship between risk appetite and enterprise goals

d) They affect the elements of a good control environment

06. Practices to educate and increase awareness of risk policies, appetite, and culture within and across all three lines of defense may include:

a) Developing risk management dashboards

b) Reducing risk reporting frequency

c) Ignoring risk events

d) Promoting risk-taking behaviors

07. What are the primary functions of management information systems (MIS) in tracking and evaluating risk mitigation actions?

a) Risk aggregation analysis and investigative techniques

b) Collection, preservation, and presentation of evidence

c) Assessing the quality and capabilities of MIS systems

d) Reporting and monitoring risk mitigation performance

08. When is risk acceptance an appropriate risk response?

a) When the risk can be completely avoided

b) When the risk is within the organization's risk appetite

c) When the risk can be effectively mitigated

d) When the risk is caused by external factors

09. How are risks assessed in RCSAs, including their likelihood, impact, direction, and velocity?

a) By considering the regulatory environment and applicable requirements

b) By evaluating the types of risk events across risk taxonomies

c) By aligning with the criteria for business criticality and risk appetite

d) By assessing the potential upstream/downstream impact of risk events

10. Which knowledge areas are important for effectively managing data governance in the context of ensuring data accuracy?

a) Risk aggregation analysis tools and processes

b) Investigative techniques and fundamental system requirements knowledge

c) Asset liability systems and modeling techniques

d) Techniques for establishing quality control processes and accountability

Answers:

Question: 01 Answer: c	Question: 02 Answer: b	Question: 03 Answer: a	Question: 04 Answer: d	Question: 05 Answer: c
Question: 06 Answer: a	Question: 07 Answer: d	Question: 08 Answer: b	Question: 09 Answer: c	Question: 10 Answer: b

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