Small Industries Development Bank of India Concurrent Audit Assistant Interview Questions and Answers

Disaster management involves planning, coordinating, and implementing measures to prevent, prepare for, respond to, and recover from natural or man-made disasters.

• Involves risk assessment, mitigation, preparedness, response, and recovery

• Requires coordination among various stakeholders such as government agencies, NGOs, and communities

• Examples include creating evacuation plans for hurricanes, setting up emergency shelte...read more

Credit risk refers to the potential loss that a lender may incur due to a borrower's failure to repay a loan or meet contractual obligations.

• Credit risk is the risk of financial loss resulting from a borrower's failure to repay a loan or meet other financial obligations.

• It is important for financial institutions to assess and manage credit risk to protect their assets and maintain financial stability.

• Factors that contr...read more