Which of the following is/are correct about the "Operational Risk' as used in the field of banking? [UBOI 2008] (1) Risk of loss due to inadequate or failed internal process. (2) Risk of loss due to natural calamities. (3) Loss occurred due to non-compliance of legal procedures.

Which of the following is/are correct about the "Operational Risk' as

1.	Which of the following is/are correct about the "Operational Risk' as used in the field of banking? [UBOI 2008] (1) Risk of loss due to inadequate or failed internal process. (2) Risk of loss due to natural calamities. (3) Loss occurred due to non-compliance of legal procedures.
A.	Only (1)
B.	Only (2)
C.	Only (3)
D.	All (1), (2) & (3)
E.	None of these
Answer» B. Only (2)

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Which of the following is/are correct about the "Operational Risk' as used in the field of banking? [UBOI 2008] (1) Risk of loss due to inadequate or failed internal process. (2) Risk of loss due to natural calamities. (3) Loss occurred due to non-compliance of legal procedures.

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