Which of the following is/are correct about the “Operational Risk” as used in the field of banking? A. Risk of loss due to inadequate or failed internal process  B. Risk of loss due to natural calamities C. Loss occurred due to non-compliance of legal procedures D. All of the Above E. None of the Above

1 Answer

Answer :

A. Risk of loss due to inadequate or failed internal process Explanation: The Basel Committee defines the operational risk as the ―risk of loss resulting from inadequate or failed internal processes, people and systems or from external events‖.

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