Free GAQM ISO-31000-CLA Exam Questions

Become GAQM Certified with updated ISO-31000-CLA exam questions and correct answers

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Total 100 Questions | Updated On: Jul 30, 2025

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Question 1

How does a pure risk differ from a speculative risk?

A : pure risk always has an environmental cause whereas a speculative risk always involves human error.

B : pure risk can be measured in probability terms whereas a speculative risk cannot.

C : pure risk is not subject to regulatory control but a speculative risk always is.

D : pure risk only leads to the possibility of a loss, whereas a speculative risk may lead to a gain.

Answer: D

Question 2

Using the FIRM scorecard which of the following risks could a risk manager quantify? 1. Loss of income. 2. Financial gain. 3. Reputational damage.

A : 1 and 2.

B : 1 and 3.

C : 2 and 3.

Answer: A

Question 3

Which risk identification involves creating alternative ways to achieve an objective?

A : enario Based

B : jectives-Based

Answer: A

Question 4

Where does an internal auditor typically spend most of his time auditing today?

A : ople

B : ocess

C : chnology

D : frastructure

Answer: B

Question 5

Risk management takes human and cultural factors into account.

A : ue

B : lse

Answer: A

Page: 1 / 20

Total 100 Questions | Updated On: Jul 30, 2025

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