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ISO-31000-CLA Pack
Vendor: GAQM
Exam Code: ISO-31000-CLA
Exam Name: ISO 31000 - Certified Lead Risk Manager
Exam Questions: 100
Last Updated: May 21, 2026
Related Certifications: ISO Certifications
Exam Tags: Advanced Level QAGM Risk Managers and Consultants
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Free GAQM ISO-31000-CLA Exam Actual Questions

Question No. 1

Which of the is a set of systematic, deliberate, and actionable steps to manage risk?

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Correct Answer: B

Control is not a set of systematic, deliberate, and actionable steps to manage risk, but rather a measure or action that modifies risk1.Process is a set of systematic, deliberate, and actionable steps to manage risk2. Process involves establishing context, identifying risks, analyzing risks, evaluating risks, and treating risks.


Question No. 2

Which type of risk presents only the chance of loss or no loss?

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Correct Answer: A

According to , page 8, hazard risk is ''the traditional pure risk that only has a downside''. It is usually associated with natural disasters, accidents, lawsuits or other events that cause harm or damage.


Question No. 3

Risk management theory that considers an organization-wide approach to risk management is known as what type of approach?

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Correct Answer: D

According to , page 4, a holistic approach to risk management is ''one that considers all sources and types of risks across all organizational units and activities''.It aims to integrate governance, strategy, performance, culture and ethics into a coherent framework for managing uncertainty2.


Question No. 4

As part of the ISO 31000 risk management process, 'monitoring and review' is best thought of as which of the following?

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Correct Answer: B

According to3, clause 6.5., monitoring and review ''is intended as a feedback loop for checking whether any change has occurred either internally or externally that may affect performance against objectives''. It helps to ensure that the risk management process remains relevant and effective over time.


Question No. 5

Risk management processes, outcomes, and activities should be _________.

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Correct Answer: C

Risk management processes, outcomes, and activities should be traceable5. This means that there should be a clear record of how risks were identified, analyzed, evaluated, treated, monitored, reviewed, and communicated.


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