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Which of the following is/are correct about the "Operational Risk' as used in the field of banking?     [UBOI 2008]

(1) Risk of loss due to inadequate or failed internal process.

(2) Risk of loss due to natural calamities.

(3) Loss occurred due to non-compliance of legal procedures.

A)  Only (1)                       

B)  Only (2)

C)  Only (3)                       

D)  All (1), (2) & (3)

E)  None of these