Sample questions — LO 1 | IF1 Past Papers

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Learning outcome 1 — Nature and main features of risk

Sample questions (syllabus 1.1–1.7)

Try 10 IF1-style multiple choice questions covering risk perception, risk management, categories of risk, frequency and severity, and peril versus hazard. Guests get 2 free sample tests every 24 hours on LO 1 — full access unlocks unlimited practice and the readiness test.

  • 1.1 Concepts of risk and risk perception
  • 1.2 Risk management function and process
  • 1.3–1.4 Categories of risk / insurable vs uninsurable
  • 1.5–1.7 Components of risk, frequency/severity, peril and hazard
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Nature and main features of risk

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