Question

Which of the following does NOT come under Risk Assessment?

• A. Cost-benefit assessment
• B. Multi-Hazard assessment
• C. Vulnerability assessment
• D. Elements at risk

Hint:

Risk assessment includes hazard assessment, vulnerability assessment, exposure analysis, and elements at risk. Cost-benefit assessment is mainly an economic decision-making tool.

Answer 1

The Correct Option is A

Concept: Risk assessment is the process of identifying hazards, analysing vulnerability, studying exposure, and estimating possible losses.

Step 1: Understanding risk assessment.
Risk assessment helps to understand what can go wrong, who or what can be affected, and how severe the impact can be. \[ \text{Risk Assessment} = \text{Hazard Assessment + Vulnerability Assessment + Exposure Analysis} \]

Step 2: Checking the options.
Multi-hazard assessment is part of risk assessment because many disasters may affect the same region.
Vulnerability assessment is a core part of risk assessment.
Elements at risk refer to people, buildings, infrastructure, and resources exposed to hazards.

Step 3: Identifying what does not directly come under risk assessment.
Cost-benefit assessment is mainly an economic evaluation technique. It compares the cost of a project or intervention with its benefits. It is not a basic component of risk assessment. Therefore, the correct answer is Cost-benefit assessment.