Ch 2 · Risk Management — CA Final AFM
4 levels · 64 questions · free
How to play
Mixed questions from this chapter — fill the missing term, sort into the right box, match the pairs, order the steps, or catch the formula that is wrong.
What this drills
Risk theory is asked as “identify it, then manage it” — two lists per risk. And VaR is asked as a definition trap: it is a MINIMUM extreme loss, not a maximum.
- ✓Strategic, compliance, operational and financial risk
- ✓Counterparty, political, interest rate, currency and liquidity risk
- ✓Systematic vs unsystematic risk
- ✓Value at Risk
More AFM games
Spotted something wrong in a formula or a classification? Tell us on WhatsApp and we will fix it.
Games are revision; the syllabus is the book. Conferenza stocks the CA Final AFM lectures and books covering the same chapters.
CA Final books →Ch 2 · Risk Management — questions
What does a one-day 5% VaR of ₹1 million actually mean?+
That there is a 0.05 probability the portfolio falls in value by MORE than ₹1 million over one day — roughly one day in twenty. It is a minimum extreme loss: VaR never states an ultimate maximum. A loss exceeding it is called a VaR breach.