10+ Risk Analyst Interview Questions and Answers for Freshers

Factors affecting bike insurance risk assessment

• Assess the age and condition of the bike

• Consider the location and crime rate of the area where the bike will be used

• Evaluate the driving history and experience of the bike owner

• Check for any modifications made to the bike

• Assess the frequency of use and distance traveled

• Consider the type of coverage and deductibles chosen by the bike owner

It is difficult to estimate the exact number of pizzas that will be sold each month if Pizza Hut comes to IIT Kharagpur.

• The number of pizzas sold will depend on various factors such as the popularity of Pizza Hut among students, the pricing strategy, the quality of the pizzas, and the competition from other food outlets on campus.

• One way to estimate the demand for Pizza Hut pizzas is to conduct a survey among the students to understand their preferences and willingness to pay...read more

Burn one wire from both ends and the other wire from one end only.

• Light both ends of one wire and one end of the other wire at the same time.

• When the first wire is completely burnt, 30 minutes have passed.

• Then light the other end of the second wire.

• When the second wire is completely burnt, 15 more minutes have passed.

• Total time elapsed is 45 minutes.

CAT Modelling Domain offers a challenging and dynamic work environment that aligns with my career goals.

• I have a keen interest in risk management and modelling

• CAT Modelling Domain offers opportunities to work on complex and diverse projects

• Higher studies can be pursued alongside work

• CAT Modelling Domain offers a chance to apply theoretical knowledge in a practical setting

• CAT Modelling Domain offers a chance to work with cutting-edge technology and software

• CAT Modelling Domain...read more

It is impossible to accurately determine the number of A4 sheets sold in India per day.

• There is no centralized data on the sales of A4 sheets in India.

• The number of A4 sheets sold can vary greatly depending on the region and industry.

• Factors such as digitalization and environmental concerns may also impact sales.

• Estimates or projections may be available from specific companies or industries.

• Market research firms may have data on the overall paper market in India.

Internal audit is an independent and objective assurance activity designed to add value and improve an organization's operations.

• Internal audit evaluates the effectiveness of an organization's risk management, control, and governance processes.

• It provides recommendations for improvement and helps organizations achieve their objectives.

• Internal audit can cover a wide range of areas such as financial, operational, and compliance audits.

• It is conducted by internal auditors who a...read more

The automotive industry involves the design, production, and sale of vehicles, including cars, trucks, and motorcycles.

• Major players in the industry include companies like Toyota, General Motors, and Ford

• The industry is heavily influenced by technological advancements, such as electric and autonomous vehicles

• The industry is also impacted by government regulations and policies, such as emissions standards and safety regulations

• The industry has faced challenges in recent years,...read more

Identification of risk involves a systematic process of identifying potential threats and assessing their likelihood and impact.

• Identify potential risks through brainstorming, historical data analysis, and expert opinions

• Assess the likelihood and impact of each identified risk

• Prioritize risks based on their potential impact and likelihood

• Develop strategies to mitigate or manage identified risks

• Regularly review and update the risk identification process

Risk modules are components or sections within a risk management system that focus on specific areas of risk assessment and mitigation.

• Risk modules help in identifying, analyzing, and managing risks in different domains.

• Examples of risk modules include credit risk module, market risk module, operational risk module, etc.

• Each module is designed to address specific types of risks and may have its own set of tools, methodologies, and models.

• Risk modules provide a structured appr...read more

Futures are financial contracts where parties agree to buy or sell an asset at a predetermined price on a specified future date.

• Futures are standardized contracts traded on exchanges.

• They are used for hedging or speculation on the future price of commodities, currencies, or financial instruments.

• Settlement can be in cash or physical delivery of the underlying asset.

• Example: A farmer can use futures to lock in a price for their crop before harvest.