TPRM Quiz

TPRMSummit2024

TPRM Quiz

Please enter your full name, email address and location for certificate/score-generations! You will receive only if you score above 70%.

1 / 17

Category: 5th TPRM Roundtable 2024

1. In the context of third-party risk management, what does the term "four eyes principle" refer to?

A. A strategy where four vendors are involved in every decision-making process.

B. A requirement for vendors to have at least four years of experience in the industry.

C. An approach where four different risk assessment methodologies are used simultaneously.

D. A practice where two individuals must review and approve critical decisions or actions.

2 / 17

Category: 5th TPRM Roundtable 2024

2. Please mention the TPRM topics on which you would like to get a KT!
(feedback question - unscored)

3 / 17

Category: 5th TPRM Roundtable 2024

How was the roundtable ?

(a) Interesting

(b) Boring

(c) Informative

(d) Lengthy

Please mention the option in the answer-box below
3. (feedback question - unscored)

4 / 17

Category: TPRMSummit2024

4. Which of the following is NOT a typical component of third-party risk management?

A. Contract negotiation

B. Internal audit scheduling

C. Risk assessment

D. Vendor performance evaluation

5 / 17

Category: TPRMSummit2024

5. What role does continuous monitoring play in third-party risk management?

A. It provides real-time insights into the evolving risks associated with vendor relationships (including fourth parties)

B. It is unnecessary once the vendor relationship is established.

C. It focuses solely on financial audits of vendors

D. It ensures that vendors comply with regulatory requirements only during the onboarding process.

6 / 17

Category: TPRMSummit2024

6. Which of the following is NOT a category of third-party risk?

A. Financial risk

B. Employee satisfaction risk

C. Technological risk

D. Operational risk

7 / 17

Category: TPRMSummit2024

7. ___________ is described as “the amount of risk that an organization is willing to accept to achieve its objectives.”

A. Risk Capacity

B. Residual Risk

C. Risk Appetite

D. Risk Tolerance

8 / 17

Category: TPRMSummit2024

8. Which of the following controls is an example of non-technical controls?

A. Intrusion detection system

B. Access control

C. Physical security

D. Encryption

9 / 17

Category: TPRMSummit2024

9. Which of the following risk management roles is part of first line of defense?

A. Internal Audits

B. Risk owner

C. Information and technology security team

D. Compliance

10 / 17

Category: TPRMSummit2024

10. True or False:

Inherent risk is current risk level given the existing set of controls rather than the hypothetical notion of an absence of any controls.

Residual risk would then be whatever risk level remain after additional controls are applied.

A. True

B. False

11 / 17

Category: TPRMSummit2024

11. According to the three lines of defense model, where would the data ethics function MOST likely reside in an enterprise?

A. Board of Directors

B. The second line of defense

C. The third line of defense

D. The first line of defense

12 / 17

Category: TPRMSummit2024

12. What is the key difference between qualitative and quantitative risk analysis?

A. Qualitative analysis assesses the probability, while quantitative analysis assesses the impact

B. Qualitative analysis is used for financial risks, while quantitative analysis is used for operational risks

C. Qualitative analysis is subjective, while quantitative analysis is objective and numeric

D. Qualitative analysis uses numerical values, while quantitative analysis uses descriptive terms

13 / 17

Category: TPRMSummit2024

13. What is the purpose of a risk register?

A. To register and track project expenses

B. To communicate with stakeholders

C. To schedule project tasks

D. To document and manage identified risks

14 / 17

Category: TPRMSummit2024

14. In the risk management process, what does the term "mitigation" refer to?

A. Reducing the probability or impact of a risk

B. Accepting all risks without any action

C. Ignoring risks

D. Transferring risks to a third party

15 / 17

Category: TPRMSummit2024

15. What does the acronym "SWOT" stand for in risk analysis?

A. Strategy, Work, Optimization, Tactics

B. Safety, Workflow, Objectives, Training

C. Strengths, Weaknesses, Opportunities, Threats

D. Systematic, Widespread, Operational, Trends

16 / 17

Category: TPRMSummit2024

16. What is the difference between a risk and an issue in project management?

A. Risk is short-term, and an issue is long-term

B. Risk and issue are interchangeable terms

C. Risk is uncertain, and an issue is a known problem

D. Risk is positive, and an issue is negative

17 / 17

Category: TPRMSummit2024

17. Which type of risk refers to the potential loss of data due to unauthorized access or cyberattacks?

A. Strategic risk

B. Cybersecurity risk

C. Financial risk

D. Operational risk

Your score is

0%

Helping Brainz

QuickLinks

TakeUThere

News/Events@HB

Recent Events »

#170 – 14th Cyber Security and Cyber Crime Awareness Session, at Ambalika Institute of Professional Studies.

#169 – 13th Cyber Security and Cyber Crime Awareness Session, at KVPF Kerala

#168 – 12th Cyber Security and Cyber Crime Awareness Session, at SKIET Kurukshetra

#167 – 11th Cyber Security and Cyber Crime Awareness Session at PaGE, Ranchi and Hyderabad

#121 World Compliment Day at Sahara Old Age Home

#120 New Year Eve celebrations at Jivodaya and Sai Sahara

#119 Educational Counselling at Hamara Kartyav

#118 Ujjwal – a Day with Chotus – Noida Sector 62

#117 Helping Brainz Green VEINS at GBM, Dwarka

#116 2019 Mother’s Day at Jeevodaya Ashralayaa

#115 CrafTShaala 2019 – Kizhadoor, Thrissur (An empowerment session for the flood effected women)

#114 VanitaJyoti Kochi 2019, A workshop on Women Entrepreneurship and Empowerment.

#113 New Year Celebrations with the grandmas and grandpas of Sai Sahara.

#112 Phase#2 Clothes Donations Drive at West and Central Delhi, on New Year Eve.

#111 Phase#1 Clothes Donations Drive at West and Central Delhi, on Christmas Eve.

#110 Workshop on ‘being a leader’ at Government School in Badshahpur

109# Creative-Crafts Making workshop by Mini Sajan at Annamanada.

#108 VanitaJyoti – Annamanada

Quiz-time

Denzel Washington Motivational & Inspiring Commencement Speech

Enrich your day

Blogs by HelpingBrainz »

Women Empowerment Month 2022

WhatsApp Use Survey

Role of NGOs in curbing unemployment

Linking Shopkeeper-Needy Model

Baby Nagma requires your support.

#DelhiTurkmanGate – LockdownDonations

ImportantDays

An article about Helping Brainz’s Child Empowerment Initiative “Paint Your Dreams” – Mathrubhumi

Tweet

YouTube

Contact Us

QuickLinks

TakeUThere

News/Events@HB

TPRM Quiz

Quiz-time

Denzel Washington Motivational & Inspiring Commencement Speech

Email Newsletter

Enrich your day

Tweet

YouTube

Contact Us