NIELIT 2017 OCT Scientific Assistant A (CS) - Section B: 16

Question

If $P$ is risk probability, $L$ is loss, then Risk Exposure $(RE)$ is computed as.

• A. $RE = P/L$ 
• B. $RE = P + L$
• C. $RE = P \ast L$
• D. $RE = 2 \ast P \ast L$

Answer 1

OPTION C

P*L

 

• The formulation "risk = probability (of a disruption event) x loss (connected to the event occurrence)" is a measure of the expected loss connected with something (i.e., a process, a production activity, an investment...) subject to the occurrence of the considered disruption event. It is a way to quantify risks.
• It can also be written as  "risk = failure probability x damage related to the failure".
• Therefore Option C is correct answer.

Answer 2

option A

RISK EXPOSURE=P/L

where P= probability of occurrence of risk

L=loss of project where risk occur