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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: April 6, 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

How manyrisk management principles exists ISO 31000:2018?

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Correct Answer: C

There are nine risk management principles in ISO 31000:2018. These principles are:

Integrated

Structured and comprehensive

Customized

Inclusive

Dynamic

Best available information

Human and cultural factors

Continual improvement


Question No. 2

Risk management professionals conduct supply-chain analyses to identify

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Correct Answer: D

According to page 12 of the source, risk management professionals conduct supply chain analysis to identify potential vulnerabilities to the organization. These vulnerabilities can arise due to supplier dependency, breakdowns or disruptions in the supply chain, natural or human-made disasters, political or social instability, cyberattacks or other threats. Identifying such risks is crucial to prevent adverse impacts on the organization's operations, reputation or financial position.


Question No. 3

From the three actions Tom Brown is undertaking, which is categorised as a pure risk?

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Correct Answer: C

According to1, page 9, pure risk is ''a situation where there are only two possible outcomes: loss or no loss''. Buying lottery tickets and selling a house are examples of speculative risk, where there is a possibility of gain or loss. Going horse riding without a helmet is an example of pure risk, where there is only a possibility of loss (injury) or no loss.


Question No. 4

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. 5

Which of the following isdescribed in terms of consequence and likelihood?

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Correct Answer: A

Level of risk is described in terms of consequence and likelihood. Consequence means the outcome or impact of a risk event on objectives. Likelihood means how probable it is that a risk event will occur.


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