Download EXIN : EX0-004 Questions & Answers as PDF & Test Software
Last Updated: Oct 06, 2026
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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Management Principles | - Risk appetite and risk tolerance - Definition of risk and risk management concepts - Objectives and benefits of risk management |
| M_o_R Framework | - Embedding risk management in organizational processes - Overview of M_o_R principles and approach - Roles and responsibilities in risk governance |
| Risk Response Planning | - Contingency planning - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) |
| Risk Monitoring and Control | - Reporting and escalation processes - Continuous improvement in risk management - Risk monitoring techniques |
| Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk identification techniques - Risk categorization and prioritization |
EXIN Management of Risk Foundation Sample Questions:
Which statement describes the'avoid a threat' risk response option?
- A. Partake in a pain/gain contract with another party for the specified risk
- B. Remove the cause of the threat
- C. Perform an action to minimise the impact of the risk should it occur
- D. Obtain an insurance policy to cover the impact should the risk occur
Correct Answer: B 🗳️
What step is used to determine the likelihood of a risk occurring?
- A. Assess - evaluate
- B. Identify - risks
- C. Assess - estimate
- D. Identify-context
Correct Answer: C 🗳️
Which is an M_o_R principle?
- A. Supports organizational performance
- B. Embedding and reviewing
- C. Achieves measurable value
- D. Changes the culture of risk management
Correct Answer: C 🗳️
Which is a purpose of the risk management process guide?
- A. Explain how risk management practices will be implemented throughout an organization
- B. Explain how the risk management steps will be carried out across the organization
- C. Describe the steps required to improve the level of risk management within an organization
- D. Describe the specific risk management activities that will be performed on a particular organizational activity
Correct Answer: B 🗳️
Which is NOT a recommended risk response option for an 'opportunity'?
- A. Share
- B. Reduce
- C. Transfer
- D. Enhance
Correct Answer: B 🗳️
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