120 Questions
What is the primary purpose of authentication in data access control?
To verify the identity of an entity trying to access the database
What is the function of authorization in data access control?
To determine the level of access and activities a user can perform
What is the primary purpose of accounting in data access control?
To measure the resources used by a user during a session
What is a multifactor authentication system used for?
To verify a user's identity
What is the purpose of recording session statistics and use data in accounting?
For authorization control, charging, trend analysis, resource consumption, and capacity planning
What is the primary reason why banks outsource certain IT jobs?
To increase operational efficiency
What type of services can be outsourced by a bank?
All of the above, plus cash management, application development, and customer service
What is a critical organizational resource that needs to be managed?
Data
What is the main purpose of a CBS in banking?
To process transactions efficiently
What type of department plays a key role in managing IT services in a bank?
ICT department
What is a primary function of a data center?
To centralize an organization's shared IT operations and equipment
What is a critical aspect of data center design?
Data center security
What components are typically found in a data center design?
Routers, switches, firewalls, and storage systems
Why is data center security important?
To minimize the chances of a security breach
What is a key aspect of a data center's environment?
A secure environment with high standards
What is a major concern when accessing information on the Web?
There is no quality assurance for information
What has changed the day-to-day operation of banks?
Adoption of core banking solution (CBS) platform
What is a characteristic of the Web?
Anyone can post information
What is a result of the change in the banking sector?
Increase in the needs of people
What has the introduction of alternative delivery channels led to in the banking sector?
A change in day-to-day operation of banks
What is information, in the context of an organization?
Processed, organized, and structured data
What is a database, in simple terms?
An electronic filing system
What is the purpose of a database management system (DBMS)?
To enter, organize, and select data in a database
What is the lowest level of organization in a database?
Bit
What is a collection of related records in a database?
File
What is an example of a popular database software or DBMS?
MySQL
What is the process of putting data into context to make decisions?
Information creation
What is the term for a collection of data organized in a way that a computer program can quickly select desired pieces of data?
Database
What is the term for a single character, number, or symbol in a database?
Byte
What is the term for a group of related fields in a database?
Record
What is the primary goal of implementing strong data access controls?
To protect personally identifiable information and intellectual property
Which of the following is a detective control in restricting database access?
Turning on audit trails, monitoring software, or exception reports
Why is a password policy essential for protecting a bank's systems?
To prevent unauthorized access to systems and data
What is the primary purpose of a password policy?
To encourage users to employ strong passwords and use them properly
Why is it essential to teach password policy as part of security awareness training?
To emphasize the significance of strong passwords in protecting systems and data
What significant impact has Information Technology had on global funds transfer?
Reduced the cost
Why do customers expect to be able to bank at any time and from any location?
Because they are more technologically savvy
What is the role of ICT in the banking sector of Bangladesh?
To become the heart of the sector
What has been the impact of technological advancements on financial activity?
A global surge
What do banks use ICT for, besides customer-facing services?
To handle accounting and back office needs
What is the result of processing, organizing, and structuring data?
Information
What is the purpose of a database?
To organize data for quick selection
What is the term for a single character, number, or symbol in a database?
Byte
What enables you to enter, organize, and select data in a database?
Database Management System
What is the primary purpose of data in an organization?
To make decisions
What is the primary reason why banks need to practice data resource management?
To meet the information needs of their business stakeholders
What is the result of companies having huge volumes of unstructured data?
Drowning in data
What is the purpose of processing data in banks?
To make informed business decisions
What is the challenge of managing data in banks?
Data is scattered throughout organizations
What is the role of data in banks?
Raw facts with no meaning
What is one of the modules in CBS that supports Management Information System?
Accounting & MIS
What is one of the key areas where CBS provides support for decision making?
Accounting & MIS
What is one of the benefits of implementing a Core Banking Solution?
All of the above
What is the goal of the Bank's Technology initiatives?
To increase customer convenience
What is one of the key aspects of the CBS?
Support for various functions
What is the main purpose of Data Warehousing in the banking sector?
To provide critical MIS for timely business decisions
What is the primary goal of using IT applications in banking?
To provide a seamless experience to customers
What is the ultimate benefit of using Internet Payment Gateway?
To provide E-commerce services
What is the primary objective of the IT Department in a bank?
To take care of the IT infrastructure and provide IT services to employees
What is the role of IT in enabling business decisions in a bank?
To provide critical MIS through Data warehouse
What is the primary advantage of consolidating customer data, business data, and transactional data?
To make important business decisions
How does business and transactional data help banks?
Launch new products that benefit customers
What is the main benefit of mobile banking applications?
Access to account information from anywhere
What is the primary purpose of advanced security integration in core banking software?
To ensure tight security for banks and customers
What is the key advantage of using customer communication tools like SMS and email?
To notify customers of issues with their accounts
What is the main purpose of Data Management in Online Banks?
To manage and utilize data as a vital organizational resource
Which of the following is NOT a service that can be outsourced by a bank?
Human Resource Management
What is the role of ICT department in a bank?
To play a key role in managing IT services
What is the significance of Data and Information in a bank?
They are vital organizational resources that need to be managed
Why do banks outsource some IT jobs?
To reduce costs and increase efficiency
What is the primary function of a separate MIS division in a bank?
To prepare reports and aid in decision making
What is the significance of data mining and data analytics in a bank?
To analyze large data sets and find patterns for decision making
What is the primary benefit of having a strong database management system in a bank?
To aid in decision making and data analysis
What is the role of the Data Centre in NCC bank?
To host the bank's data center
What is the significance of a Disaster Recovery Site (DRS) in a bank?
To provide backup and recovery in case of a disaster
What is the primary function of a bank's MIS division?
To prepare reports and aid in decision making
What is the benefit of having a strong database management system in a bank?
To aid in decision making and data analysis
What is the primary role of data analysis in a bank?
To aid in decision making
What is the significance of having a separate MIS division in a bank?
To prepare reports and aid in decision making
What is the primary goal of data analysis in a bank?
To aid in decision making
What is the primary benefit of consolidating customer data, business data, and transactional data for a bank?
To make informed decisions about growth strategies
How does accurate data management contribute to a bank's success?
By enabling the recommendation of the right financial products to customers
What is the key advantage of core banking software in terms of security?
Dual authentication processes and digital identity management
What is the primary purpose of virtual banking?
To enable customers to access their accounts from anywhere
What is the primary benefit of integrating customer data, business data, and transactional data?
To make informed decisions about growth strategies
What is the primary purpose of a Data Warehouse in the context of banking?
To provide critical MIS for timely business decision-making
What is the key benefit of integrated applications in banking?
To provide a seamless experience to customers across all segments and lines of business
What is the primary objective of the IT Department in a bank?
To take care of the IT infrastructure and provide IT services to employees
What is the primary benefit of using Critical MIS in banking?
To enable timely business decision-making
What is the primary purpose of using Internet Payment gateway in banking?
To offer E-commerce services
What is the primary objective of applying information systems technologies to manage an organization's data resources?
To meet the information needs of business stakeholders
What is the primary challenge faced by banks in managing their data?
The exponential growth of data over time
What is the key benefit of processing data in banks?
To make data more meaningful and useful for decision-making
What is the primary role of data resource management in banks?
To meet the information needs of business stakeholders
What is the consequence of companies having huge volumes of unstructured data?
Difficulty in extracting meaningful insights
What is the primary role of information in an organization's decision-making process?
To provide context for data to support decision-making
How does a database management system (DBMS) support decision-making?
By enabling the selection of desired pieces of data
What is the significance of data in an organization's decision-making process?
It supports decision-making by providing context to data
What is the relationship between data and information in an organization?
Data is the input, and information is the output
What is the hierarchical structure of data in a database?
Bit, byte, field, record
Which of the following CBS modules is primarily used for data analysis and decision making?
Accounting & MIS
What is the primary goal of implementing a Core Banking Solution (CBS) with integrated delivery channels?
To provide customers with convenience banking
What is the primary function of the MIS module in a CBS?
To provide financial reports to management
Which of the following is a benefit of implementing a CBS with integrated delivery channels?
Improved decision making through data analysis
What is the primary role of the ICT department in a bank?
To implement technology initiatives focused on customer convenience
What is significant about the bank's MIS division?
It helps in report preparation and decision making
What is a limitation of the bank's current system?
It does not utilize data mining and data analytics tools
What is the significance of data mining and data analytics in the banking sector?
To enhance decision making with large data sets
What is the role of the Data Centre in the bank?
To process and store large data sets
What is the significance of the Disaster Recovery Site (DRS) in the bank?
To provide an alternative data center location
What is the importance of decision making in the banking sector?
It enables the bank to respond to changing market conditions
What is the primary purpose of the bank's MIS division in report preparation?
To prepare reports for decision making
What is the primary purpose of a bank's data management system?
To serve as a centralized repository for all bank-wide data processing and analysis
How does the bank's MIS division facilitate decision making?
By preparing reports that aid decision making
In the context of banking, what is the primary benefit of implementing a robust data analysis framework?
Improved forecasting capabilities for strategic planning
What is the significance of a separate MIS division in the bank?
It improves the bank's decision making capabilities
What is the primary role of a bank's ICT department in supporting data-driven decision-making?
Designing and implementing data analytics tools for business users
What is the primary goal of a bank's MIS division?
To aid decision making through report preparation
What is the primary goal of data management in the context of banking operations?
To support informed decision-making through data analysis
What is the primary challenge of managing large volumes of data in banking operations?
Managing the complexity of data integration from disparate sources
Learn about the importance of AAA in data access control, ensuring users are who they claim to be and have the authority to access data. Understand the three primary components of data access control, including authentication, authorization, and accounting.
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