Post Utme Ksu 2023 Commerce Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Ksu Commerce examination.

Post Utme Ksu 2023 Commerce Objective / Multiple Choice
Question 35 POST_UTME_KSU • 2023 • COMMERCE • objective

A bank is considering offering a new type of loan product to its customers. Discuss the importance of risk assessment in this context.

Answer Options

Correct Answer A. Risk assessment helps to identify potential risks associated with the new loan product and develop strategies to mitigate them.
B. Risk assessment helps to identify potential opportunities associated with the new loan product and develop strategies to capitalize on them.
C. Risk assessment is not necessary for offering a new loan product.
D. Risk assessment helps to identify potential risks associated with the new loan product, but it is not necessary to develop strategies to mitigate them.
Correct Answer
A
Correct Option:
Risk assessment helps to identify potential risks associated with the new loan product and develop strategies to mitigate them.

About This Question

This is Post Utme Ksu 2023 Commerce Question 35. It is one of the objective questions from the 2023 Post Utme Ksu Commerce examination.

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