As Per the Basel Committee,a Bank's Operational Risk Includes

question 22

Multiple Choice

As per the Basel Committee,a bank's operational risk includes:

• A)employee fraud.
• B)accounting errors.
• C)computer breakdowns.
• D)natural disasters.
• E)All of the options are correct.

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Definitions:

Homeostasis

The ability of an open system to maintain a steady state by adapting to changes in its environment.

Throughput

The rate at which input is processed into output in a system, often used in discussing efficiency in production and computer networks.

Systems Theory

An interdisciplinary study of systems in general, with the goal of elucidating principles that can be applied to all types of systems at all nested levels.

Empirically

Referring to knowledge or conclusions derived from observation, experimentation, or measurement rather than theory or pure logic.