APRP TESTS FINAL PAPER 2026 FULL
QUESTIONS AND CORRECT ANSWERS
◉ Damage to physical assets.
Answer: The loss or damage to physical assets from natural disaster
or other events.
◉ Business Disruption and System Failures.
Answer: Disruption of business or system failures.
◉ Execution, delivery, and process
management.
Answer: Failed transaction processing or process management, from
relations with trade counterparties and
vendors.
◉ FEMA (Failure Mode and Effect Analysis).
Answer: Provides a means of identifying and defining the failure
points of a process, assigning steps to prioritizing risk incidents and
defining mitigation plans to risk events.
◉ Advanced Measurement Approaches (AMA).
,Answer: Provides guidance to enhance operational risk
measurement and management.
◉ Business Resiliency (ACH).
Answer: The ability of an organization to quickly adapt to
disruptions while maintaining continuous business operations and
safeguarding people, assets, and brand.
◉ Business Continuity (ACH).
Answer: The planning and preparation to ensure that an ACH
participant can either continue to operate its ACH processing
systems in the case of service disruptions.
◉ Information Security (ACH).
Answer: The protection of information against unauthorized access
to or modification of ACH information. Protect data integrity by
employing secure storage, limited access to the data, redundancy,
audit trails, file accountability, and file balancing.
◉ Operational Controls (ACH).
Answer: Controls include file, date, dollar and processing limits as
well as verification of Third-Party Senders and Originators and
information reporting.
, ◉ System Failure.
Answer: Caused by a breakdown in the hardware and/or software
supporting the system.
This may result from design defects, insufficient system capacity to
handle transaction volumes, or
mechanical breakdown, including telecommunications.
◉ System Disruption.
Answer: The system is unavailable to process transactions. This may
be caused by system failure, destruction of the facility (natural
disasters, fires, terrorism) or operation
shutdown (employee actions, business failure or government
action).
◉ System Compromise.
Answer: Resulting from fraud, malicious damage to data or error.
The loss of availability of the payment system from whatever source
can adversely affect major participants, their correspondents,
markets and interdependent networks.
◉ Settlement Delays.
Answer: Occur when financial institutions, due to failure or the
inability to fund their obligations or do not settle their obligations
when due which could result in credit risk until final settlement
occurs.
QUESTIONS AND CORRECT ANSWERS
◉ Damage to physical assets.
Answer: The loss or damage to physical assets from natural disaster
or other events.
◉ Business Disruption and System Failures.
Answer: Disruption of business or system failures.
◉ Execution, delivery, and process
management.
Answer: Failed transaction processing or process management, from
relations with trade counterparties and
vendors.
◉ FEMA (Failure Mode and Effect Analysis).
Answer: Provides a means of identifying and defining the failure
points of a process, assigning steps to prioritizing risk incidents and
defining mitigation plans to risk events.
◉ Advanced Measurement Approaches (AMA).
,Answer: Provides guidance to enhance operational risk
measurement and management.
◉ Business Resiliency (ACH).
Answer: The ability of an organization to quickly adapt to
disruptions while maintaining continuous business operations and
safeguarding people, assets, and brand.
◉ Business Continuity (ACH).
Answer: The planning and preparation to ensure that an ACH
participant can either continue to operate its ACH processing
systems in the case of service disruptions.
◉ Information Security (ACH).
Answer: The protection of information against unauthorized access
to or modification of ACH information. Protect data integrity by
employing secure storage, limited access to the data, redundancy,
audit trails, file accountability, and file balancing.
◉ Operational Controls (ACH).
Answer: Controls include file, date, dollar and processing limits as
well as verification of Third-Party Senders and Originators and
information reporting.
, ◉ System Failure.
Answer: Caused by a breakdown in the hardware and/or software
supporting the system.
This may result from design defects, insufficient system capacity to
handle transaction volumes, or
mechanical breakdown, including telecommunications.
◉ System Disruption.
Answer: The system is unavailable to process transactions. This may
be caused by system failure, destruction of the facility (natural
disasters, fires, terrorism) or operation
shutdown (employee actions, business failure or government
action).
◉ System Compromise.
Answer: Resulting from fraud, malicious damage to data or error.
The loss of availability of the payment system from whatever source
can adversely affect major participants, their correspondents,
markets and interdependent networks.
◉ Settlement Delays.
Answer: Occur when financial institutions, due to failure or the
inability to fund their obligations or do not settle their obligations
when due which could result in credit risk until final settlement
occurs.
