Free Practice Shared Assessments CTPRP Exam Questions 2025

Stay ahead with 100% Free Certified Third-Party Risk Professional (CTPRP) CTPRP Dumps Practice Questions

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Total 126 Questions | Updated On: Apr 23, 2025

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Question 1

Which type of contract provision is MOST important in managing Fourth-Nth party risk after contract signing and on-boarding due diligence is complete?

A : Subcontractor notice and approval

B : Indemnification and liability

C : Breach notification

D : Right to audit

Answer: A

Question 2

Which of the following factors is LEAST likely to trigger notification obligations in incident response?

A : Regulatory requirements

B : Data classification or sensitivity

C : Encryption of data

D : Contractual terms

Answer: C

Question 3

Which requirement is the MOST important for managing risk when the vendor contract terminates?

A : The responsibility to perform a financial review of outstanding invoices

B : The commitment to perform a final assessment based upon due diligence standards

C : The requirement to ensure secure data destruction and asset return

D : The obligation to define contract terms for transition services

Answer: C

Question 4

Which requirement is the MOST important for managing risk when the vendor contract terminates?

A : The responsibility to perform a financial review of outstanding invoices

B : The commitment to perform a final assessment based upon due diligence standards

C : The requirement to ensure secure data destruction and asset return

D : The obligation to define contract terms for transition services

Answer: C

Question 5

Which statement BEST reflects the factors that help you determine the frequency of cyclical assessments?

A : Vendor assessments should be conducted during onboarding and then be replaced by continuous monitoring

B : Vendor assessment frequency should be based on the level of risk and criticality of the vendor to your operations as determined by their vendor risk score

C : Vendor assessments should be scheduled based on the type of services/products provided

D : Vendor assessment frequency may need to be changed if the vendor has disclosed a data breach

Answer: B

Page: 1 / 26

Total 126 Questions | Updated On: Apr 23, 2025

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