Free Canadian Risk Management CRM55 — Risk Assessment and Treatment Practice Questions
100 free questions · Answer explanations · No signup required
View examination details, outline and sourcesLoading selected examination banks…
Sample Practice Questions
Try these 10 sample questions from the Canadian Risk Management CRM55 — Risk Assessment and Treatment practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.
1A risk register lists a solvent's ability to cause skin irritation. What does this entry identify?
- A.A hazardCorrect answer: A
- B.A probability
- C.A consequence rating
- D.A control measure
Explanation: CCOHS states: "Hazard - a potential source of injury, adverse health effect, or damage to people, structures, equipment, or the environment." The solvent's harmful potential is the hazard. Probability concerns likelihood, a consequence rating measures seriousness, and a control changes exposure.
Reference: CCOHS — Hazard and Risk: Risk Assessment — What is a risk assessment?
2What is the principal purpose of root cause analysis after a loss event?
- A.To select a person for disciplinary action
- B.To determine whether the insurer will pay
- C.To identify causes that can be corrected to prevent recurrenceCorrect answer: C
- D.To reproduce the event without considering its causes
Explanation: CCOHS states: "The purpose is to find facts that can lead to corrective actions, not to find fault." Root cause analysis supports preventive corrective action. Blame, coverage decisions and a narrative alone do not fulfill that purpose.
Reference: CCOHS — Incident Investigation — What is an incident and why should it be investigated?
3During a prolonged outage, what is the central operational aim of a business continuity plan?
- A.Restore every activity before any service resumes.
- B.Keep the most critical business functions operating.Correct answer: B
- C.Wait for complete root-cause certainty before resuming services.
- D.Restore activities in request order regardless of their disruption impact.
Explanation: The Canadian Centre for Cyber Security states: "BCPs outline the main assets, roles, responsibilities, and processes required to minimize disruptions and keep critical business functions running until your operations can be fully restored." Continuity prioritizes critical services. Waiting for complete restoration or causal certainty delays continuity; request order does not reflect criticality.
Reference: Canadian Centre for Cyber Security — Developing Your Business Continuity Plan (ITSAP.10.005) — Introduction
4A self-closing fire door is wedged open to ease deliveries. Which property-protection function is compromised?
- A.Detecting smoke and activating an alarm
- B.Confining a developing fireCorrect answer: B
- C.Suppressing flames by discharging water
- D.Removing electrical sources of ignition
Explanation: The source states: "Close all doors behind you to confine the fire." Closing the door confines fire spread. It does not itself sense smoke, discharge extinguishing water or remove electrical ignition sources.
Reference: CCOHS — Fire Protection — What can be included in typical fire safety plans for all employees?
5Which form of intellectual property protection principally addresses a new, useful and non-obvious machine mechanism?
- A.Copyright
- B.Industrial design
- C.PatentCorrect answer: C
- D.Trademark
Explanation: CIPO states: "A patent protects new, useful and non-obvious inventions, as well as improvements made to existing technology." The technical invention is patent subject matter. Copyright concerns expression, industrial design appearance, and trademark a distinguishing brand.
Reference: CIPO — Discover Intellectual Property — IP rights — Patent
6In a business corporation governed by the CBCA, how are directors' and officers' usual roles distinguished?
- A.Directors manage daily tasks; officers provide board oversight.
- B.Directors supervise corporate activities; officers handle daily operations.Correct answer: B
- C.Directors choose operating staff; officers elect the board.
- D.Directors appoint shareholders; officers choose the directors.
Explanation: The source states: "Directors are responsible for supervising the activities of the corporation and for making decisions regarding those activities. Officers are responsible for the day-to-day operation of the corporation." Directors supervise and officers manage daily operations. Reversing oversight, assigning board elections to officers or treating shareholders as board appointees confuses governance roles.
Reference: Corporations Canada — Directors and Officers — Opening role description
7A chemical builds up in aquatic organisms and reaches greater concentrations as predators consume smaller organisms. What process is described?
- A.Biodegradation
- B.Evaporation
- C.BioaccumulationCorrect answer: C
- D.Dilution
Explanation: The source states: "Bioaccumulation refers to the accumulation of a product in aquatic organisms." Accumulation in organisms and food chains is bioaccumulation. Breakdown, conversion to vapour and reduced concentration are different processes.
Reference: CCOHS — Working Safely with Products Using the Environment Pictogram — What are hazards to the environment?
8An email apparently from the CEO urgently requests a money transfer to a new account. Which action directly verifies the request's authenticity?
- A.Reply to the message asking whether it is genuine.
- B.Call the telephone number included in that message.
- C.Approve it because the CEO's name appears in the signature.
- D.Contact the executive through an independently verified channel.Correct answer: D
Explanation: The source states: "validate all transfer requests either on the phone or in person with executives making email requests for money transfers, even if these look legitimate" Independent verification avoids relying on potentially fraudulent contact information. Replying within the same channel or trusting a signature does not establish authenticity.
Reference: Competition Bureau Canada — Protect Your Business from Fraud — CEO scam — What to do
9When is a pre-operation inspection of a typical fleet car intended to occur?
- A.Only after the vehicle breaks down
- B.Only at scheduled workshop maintenance appointments
- C.Before the vehicle is usedCorrect answer: C
- D.After the driver completes the final trip
Explanation: The source states: "A vehicle inspection or circle check is a physical and visual inspection of the vehicle before you use it." A pre-operation check occurs before use. Breakdown repairs, periodic workshop maintenance and end-of-trip checks do not replace it.
Reference: CCOHS — Driving: Vehicle Inspection — Why is a vehicle inspection important?
10How can a direct-reading gas sensor improve the timing of exposure control compared with laboratory analysis of a collected sample?
- A.It must await external laboratory results before any alert.
- B.It can signal exposure only after every shift has ended.
- C.It diagnoses individual disease without measuring exposure.
- D.It can signal a hazardous level while exposure is occurring.Correct answer: D
Explanation: The source states: "can alarm at preset hazard levels so that the individual can then mitigate the exposure." Direct-reading devices can provide timely hazard alarms. They need not wait for laboratory analysis or shift end; an exposure alarm is not an automatic disease diagnosis.
Reference: NIOSH — Advanced Sensor Technologies and the Future of Work — Background
Exam Review
About Canadian Risk Management CRM55 — Risk Assessment and Treatment
Canadian Risk Management CRM55 — Risk Assessment and Treatment · CA
Key exam facts
- Provider
- RIMS (Risk and Insurance Management Society) administers the Canadian standardized CRM55 exam; delivery is through The Institutes' virtual learning management system.
- Format
- Virtual computer-delivered multiple-choice knowledge examination; two sections of 50 and 20 questions.
- Exam questions
- Total questions: 70.
- Time limit
- 1 hour 40 minutes of examination time. Additional time for qualifying accommodations may be requested after purchase and is complimentary.
- Passing score
- 70% is the passing score; an immediate pass/fail message is displayed.
- Exam fee
- Per exam: USD 205 for RIMS members; USD 225 for non-members. Extra examination time for qualifying accommodations is complimentary. Course tuition and the separate USD 125 designation fee are not included in this exam fee.
Topics covered
Introduction to risk assessment and treatment
Root cause analysis
Business continuity management
Physical property risk
Intellectual property and reputation risk
Legal and regulatory risk
Management liability and Human Resource risk
Environmental risk
Crime and cyber risk
Fleet risk
Smart products and risk management
How to prepare
Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.
These independent practice questions are not actual exam items and do not guarantee a passing result.
Frequently asked questions
What is the exam format?
Virtual computer-delivered multiple-choice knowledge examination; two sections of 50 and 20 questions.
How many questions are on the exam?
Total questions: 70.
How long is the exam?
1 hour 40 minutes of examination time. Additional time for qualifying accommodations may be requested after purchase and is complimentary.
What is the passing score?
70% is the passing score; an immediate pass/fail message is displayed.
How much does the exam cost?
Per exam: USD 205 for RIMS members; USD 225 for non-members. Extra examination time for qualifying accommodations is complimentary. Course tuition and the separate USD 125 designation fee are not included in this exam fee.
Official sources and references
- RIMS — eligibility
Risk Assessment and Treatment — Topics covered (entire list)
- RIMS — eligibility
Three Foundational Courses; adopted books
- RIMS — exam-information
Exam Information
- RIMS — exam-information
Exam Process
- RIMS — exam-registration
Registration Fees Per Exam
- RIMS — exam-accommodations
How do I set up testing accommodations?
Confirm current exam arrangements with the exam provider.