ISO-31000-CLA Exam Preparation Material | ISO 31000 - Certified Lead Risk Manager

Prepare for the ISO-31000-CLA with reliable study materials, practice questions, and key exam insights.

Prepare for the ISO-31000-CLA ISO 31000 - Certified Lead Risk Manager exam with CertQueen's independently developed study resources. Review important concepts, practice scenario-based questions, and use clear explanations to identify areas that require further study.

Question#1

How many types of potential risk strategies exist?

A. 2
B. 3
C. 4
D. 5

Explanation:
According to 1, there are four types of potential risk strategies for threats: avoid (eliminate or change), transfer (share or outsource), mitigate (reduce or control), accept (retain or monitor). There are also four types of potential risk strategies for opportunities: exploit (ensure or enhance), share (allocate or collaborate), enhance (increase or maximize), accept (acknowledge or watch).

Question#2

Which of the following are two ISO 31000:2018 risk management principles? (Choose two)

A. Integrated
B. Customized
C. Functional
D. Statistical
E. Design
F. Strategy

Explanation:
Integrated and customized are two of the nine risk management principles in ISO 31000:20181. Integrated means that risk management is an integral part of all organizational activities. Customized means that risk management is aligned with the organization’s external and internal context and risk profile.

Question#3

Who serves as the principal adviser to the CEO, business unit heads, and critical function heads on risk matter?

A. Chief Risk Officer (CRO)
B. Chief Information Officer (CIO)
C. Quality Auditor (QA)
D. Risk Owner (RO)

Explanation:
Chief Risk Officer (CRO) serves as the principal adviser to the CEO, business unit heads, and critical function heads on risk matter. CRO leads the development and implementation of the organization’s risk management framework and process.

Question#4

A broker is undertaking a business interruption review on behalf of a client. This would most commonly include an evaluation of the

A. effectiveness of a business continuity plan.
B. effectiveness of risk reserving.
C. level of risk tolerance.
D. level of self insurance.

Explanation:
A business interruption review is an evaluation of the effectiveness of a business continuity plan, which is a set of procedures and resources to ensure that an organisation can continue its critical functions in the event of a disruption12.

Question#5

Which type of risk remains after risk treatment has been applied?

A. Controlled risk
B. Residual risk
C. Avoidance risk
D. Accepted risk

Explanation:
Residual risk is the type of risk that remains after risk treatment has been applied1. Residual risk reflects the remaining exposure or uncertainty after taking into account existing controls.

Exam Code: ISO-31000-CLA
Q & A: 100 Q&As         Updated:  Oct 17,2026

 

 Access Complete ISO-31000-CLA Preparation Material

What This ISO-31000-CLA Study Resource Helps You Do

Review Key Concepts

Review the technologies, products, processes, and practical skills covered by the current ISO-31000-CLA exam objectives.

Practice Scenario-Based Questions

Work through independently developed questions designed to strengthen your understanding of technical scenarios and decision-making.

Identify Knowledge Gaps

Use your results and the provided explanations to find weaker areas and focus your study more effectively.

How to Use This ISO-31000-CLA Preparation Material

Review the Exam Scope

Start by reviewing the topics covered by the ISO-31000-CLA exam. Compare them with the official exam objectives to understand the required technologies, operational tasks, and practical skills, then identify the areas that deserve the most attention.

Practice Independently

Complete a focused set of practice questions for each topic. On your first attempt, avoid referring to notes, answers, or other study resources so that you can evaluate your current understanding more accurately.

Study the Explanations

Review the answers and explanations after completing each practice session. Understand why the correct option is appropriate for the given scenario and why the other options may be incorrect or less suitable.

Close Knowledge Gaps

Keep track of incorrect answers, unfamiliar concepts, and weaker knowledge areas. Review these topics using official documentation and practical experience, then answer the related questions again to reinforce your understanding and monitor your progress.

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CertQueen independently develops its certification study materials for educational purposes. The practice questions are not copied from, recalled from, or presented as live or official exam questions.

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Exam Code: ISO-31000-CLA
Q & A: 100 Q&As
Updated:  Oct 17,2026

 

 Access Complete ISO-31000-CLA Preparation Material