IT Chapter-5

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What is the primary purpose of authentication in data access control?

To authorize users to access the database
To verify the identity of an entity trying to access the database (correct)
To record session statistics and use data
To measure the resources used by a user during a session

What is the function of authorization in data access control?

To record user session statistics
To determine the level of access and activities a user can perform (correct)
To measure system time used by a user
To validate user identities

What is the primary purpose of accounting in data access control?

To authorize users to access the database
To verify user identities
To measure the resources used by a user during a session (correct)
To record user login credentials

What is a multifactor authentication system used for?

To verify a user's identity (B) Signup and view all the answers

What is the purpose of recording session statistics and use data in accounting?

For authorization control, charging, trend analysis, resource consumption, and capacity planning (B) Signup and view all the answers

What is the primary reason why banks outsource certain IT jobs?

To increase operational efficiency (D) Signup and view all the answers

What type of services can be outsourced by a bank?

All of the above, plus cash management, application development, and customer service (D) Signup and view all the answers

What is a critical organizational resource that needs to be managed?

Data (A) Signup and view all the answers

What is the main purpose of a CBS in banking?

To process transactions efficiently (D) Signup and view all the answers

What type of department plays a key role in managing IT services in a bank?

ICT department (A) Signup and view all the answers

What is a primary function of a data center?

To centralize an organization's shared IT operations and equipment (C) Signup and view all the answers

What is a critical aspect of data center design?

Data center security (D) Signup and view all the answers

What components are typically found in a data center design?

Routers, switches, firewalls, and storage systems (C) Signup and view all the answers

Why is data center security important?

To minimize the chances of a security breach (B) Signup and view all the answers

What is a key aspect of a data center's environment?

A secure environment with high standards (B) Signup and view all the answers

What is a major concern when accessing information on the Web?

There is no quality assurance for information (D) Signup and view all the answers

What has changed the day-to-day operation of banks?

Adoption of core banking solution (CBS) platform (A) Signup and view all the answers

What is a characteristic of the Web?

Anyone can post information (D) Signup and view all the answers

What is a result of the change in the banking sector?

Increase in the needs of people (B) Signup and view all the answers

What has the introduction of alternative delivery channels led to in the banking sector?

A change in day-to-day operation of banks (D) Signup and view all the answers

What is information, in the context of an organization?

Processed, organized, and structured data (D) Signup and view all the answers

What is a database, in simple terms?

An electronic filing system (C) Signup and view all the answers

What is the purpose of a database management system (DBMS)?

To enter, organize, and select data in a database (B) Signup and view all the answers

What is the lowest level of organization in a database?

Bit (A) Signup and view all the answers

What is a collection of related records in a database?

File (D) Signup and view all the answers

What is an example of a popular database software or DBMS?

MySQL (B) Signup and view all the answers

What is the process of putting data into context to make decisions?

Information creation (A) Signup and view all the answers

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 (D) Signup and view all the answers

What is the term for a single character, number, or symbol in a database?

Byte (B) Signup and view all the answers

What is the term for a group of related fields in a database?

Record (A) Signup and view all the answers

What is the primary goal of implementing strong data access controls?

To protect personally identifiable information and intellectual property (A) Signup and view all the answers

Which of the following is a detective control in restricting database access?

Turning on audit trails, monitoring software, or exception reports (A) Signup and view all the answers

Why is a password policy essential for protecting a bank's systems?

To prevent unauthorized access to systems and data (D) Signup and view all the answers

What is the primary purpose of a password policy?

To encourage users to employ strong passwords and use them properly (B) Signup and view all the answers

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 (C) Signup and view all the answers

What significant impact has Information Technology had on global funds transfer?

Reduced the cost (D) Signup and view all the answers

Why do customers expect to be able to bank at any time and from any location?

Because they are more technologically savvy (C) Signup and view all the answers

What is the role of ICT in the banking sector of Bangladesh?

To become the heart of the sector (B) Signup and view all the answers

What has been the impact of technological advancements on financial activity?

A global surge (A) Signup and view all the answers

What do banks use ICT for, besides customer-facing services?

To handle accounting and back office needs (C) Signup and view all the answers

What is the result of processing, organizing, and structuring data?

Information (C) Signup and view all the answers

What is the purpose of a database?

To organize data for quick selection (C) Signup and view all the answers

What is the term for a single character, number, or symbol in a database?

Byte (B) Signup and view all the answers

What enables you to enter, organize, and select data in a database?

Database Management System (A) Signup and view all the answers

What is the primary purpose of data in an organization?

To make decisions (D) Signup and view all the answers

What is the primary reason why banks need to practice data resource management?

To meet the information needs of their business stakeholders (C) Signup and view all the answers

What is the result of companies having huge volumes of unstructured data?

Drowning in data (C) Signup and view all the answers

What is the purpose of processing data in banks?

To make informed business decisions (B) Signup and view all the answers

What is the challenge of managing data in banks?

Data is scattered throughout organizations (D) Signup and view all the answers

What is the role of data in banks?

Raw facts with no meaning (A) Signup and view all the answers

What is one of the modules in CBS that supports Management Information System?

Accounting & MIS (C) Signup and view all the answers

What is one of the key areas where CBS provides support for decision making?

Accounting & MIS (D) Signup and view all the answers

What is one of the benefits of implementing a Core Banking Solution?

All of the above (D) Signup and view all the answers

What is the goal of the Bank's Technology initiatives?

To increase customer convenience (C) Signup and view all the answers

What is one of the key aspects of the CBS?

Support for various functions (B) Signup and view all the answers

What is the main purpose of Data Warehousing in the banking sector?

To provide critical MIS for timely business decisions (A) Signup and view all the answers

What is the primary goal of using IT applications in banking?

To provide a seamless experience to customers (B) Signup and view all the answers

What is the ultimate benefit of using Internet Payment Gateway?

To provide E-commerce services (B) Signup and view all the answers

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 (B) Signup and view all the answers

What is the role of IT in enabling business decisions in a bank?

To provide critical MIS through Data warehouse (B) Signup and view all the answers

What is the primary advantage of consolidating customer data, business data, and transactional data?

To make important business decisions (C) Signup and view all the answers

How does business and transactional data help banks?

Launch new products that benefit customers (D) Signup and view all the answers

What is the main benefit of mobile banking applications?

Access to account information from anywhere (B) Signup and view all the answers

What is the primary purpose of advanced security integration in core banking software?

To ensure tight security for banks and customers (A) Signup and view all the answers

What is the key advantage of using customer communication tools like SMS and email?

To notify customers of issues with their accounts (C) Signup and view all the answers

What is the main purpose of Data Management in Online Banks?

To manage and utilize data as a vital organizational resource (A) Signup and view all the answers

Which of the following is NOT a service that can be outsourced by a bank?

Human Resource Management (C) Signup and view all the answers

What is the role of ICT department in a bank?

To play a key role in managing IT services (A) Signup and view all the answers

What is the significance of Data and Information in a bank?

They are vital organizational resources that need to be managed (B) Signup and view all the answers

Why do banks outsource some IT jobs?

To reduce costs and increase efficiency (B) Signup and view all the answers

What is the primary function of a separate MIS division in a bank?

To prepare reports and aid in decision making (B) Signup and view all the answers

What is the significance of data mining and data analytics in a bank?

To analyze large data sets and find patterns for decision making (C) Signup and view all the answers

What is the primary benefit of having a strong database management system in a bank?

To aid in decision making and data analysis (C) Signup and view all the answers

What is the role of the Data Centre in NCC bank?

To host the bank's data center (B) Signup and view all the answers

What is the significance of a Disaster Recovery Site (DRS) in a bank?

To provide backup and recovery in case of a disaster (A) Signup and view all the answers

What is the primary function of a bank's MIS division?

To prepare reports and aid in decision making (B) Signup and view all the answers

What is the benefit of having a strong database management system in a bank?

To aid in decision making and data analysis (A) Signup and view all the answers

What is the primary role of data analysis in a bank?

To aid in decision making (C) Signup and view all the answers

What is the significance of having a separate MIS division in a bank?

To prepare reports and aid in decision making (C) Signup and view all the answers

What is the primary goal of data analysis in a bank?

To aid in decision making (B) Signup and view all the answers

What is the primary benefit of consolidating customer data, business data, and transactional data for a bank?

To make informed decisions about growth strategies (B) Signup and view all the answers

How does accurate data management contribute to a bank's success?

By enabling the recommendation of the right financial products to customers (D) Signup and view all the answers

What is the key advantage of core banking software in terms of security?

Dual authentication processes and digital identity management (D) Signup and view all the answers

What is the primary purpose of virtual banking?

To enable customers to access their accounts from anywhere (A) Signup and view all the answers

What is the primary benefit of integrating customer data, business data, and transactional data?

To make informed decisions about growth strategies (A) Signup and view all the answers

What is the primary purpose of a Data Warehouse in the context of banking?

To provide critical MIS for timely business decision-making (A) Signup and view all the answers

What is the key benefit of integrated applications in banking?

To provide a seamless experience to customers across all segments and lines of business (A) Signup and view all the answers

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 (A) Signup and view all the answers

What is the primary benefit of using Critical MIS in banking?

To enable timely business decision-making (D) Signup and view all the answers

What is the primary purpose of using Internet Payment gateway in banking?

To offer E-commerce services (A) Signup and view all the answers

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 (A) Signup and view all the answers

What is the primary challenge faced by banks in managing their data?

The exponential growth of data over time (D) Signup and view all the answers

What is the key benefit of processing data in banks?

To make data more meaningful and useful for decision-making (D) Signup and view all the answers

What is the primary role of data resource management in banks?

To meet the information needs of business stakeholders (B) Signup and view all the answers

What is the consequence of companies having huge volumes of unstructured data?

Difficulty in extracting meaningful insights (B) Signup and view all the answers

What is the primary role of information in an organization's decision-making process?

To provide context for data to support decision-making (B) Signup and view all the answers

How does a database management system (DBMS) support decision-making?

By enabling the selection of desired pieces of data (D) Signup and view all the answers

What is the significance of data in an organization's decision-making process?

It supports decision-making by providing context to data (B) Signup and view all the answers

What is the relationship between data and information in an organization?

Data is the input, and information is the output (C) Signup and view all the answers

What is the hierarchical structure of data in a database?

Bit, byte, field, record (B) Signup and view all the answers

Which of the following CBS modules is primarily used for data analysis and decision making?

Accounting & MIS (B) Signup and view all the answers

What is the primary goal of implementing a Core Banking Solution (CBS) with integrated delivery channels?

To provide customers with convenience banking (A) Signup and view all the answers

What is the primary function of the MIS module in a CBS?

To provide financial reports to management (C) Signup and view all the answers

Which of the following is a benefit of implementing a CBS with integrated delivery channels?

Improved decision making through data analysis (D) Signup and view all the answers

What is the primary role of the ICT department in a bank?

To implement technology initiatives focused on customer convenience (D) Signup and view all the answers

What is significant about the bank's MIS division?

It helps in report preparation and decision making (C) Signup and view all the answers

What is a limitation of the bank's current system?

It does not utilize data mining and data analytics tools (D) Signup and view all the answers

What is the significance of data mining and data analytics in the banking sector?

To enhance decision making with large data sets (D) Signup and view all the answers

What is the role of the Data Centre in the bank?

To process and store large data sets (B) Signup and view all the answers

What is the significance of the Disaster Recovery Site (DRS) in the bank?

To provide an alternative data center location (A) Signup and view all the answers

What is the importance of decision making in the banking sector?

It enables the bank to respond to changing market conditions (D) Signup and view all the answers

What is the primary purpose of the bank's MIS division in report preparation?

To prepare reports for decision making (B) Signup and view all the answers

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 (A) Signup and view all the answers

How does the bank's MIS division facilitate decision making?

By preparing reports that aid decision making (B) Signup and view all the answers

In the context of banking, what is the primary benefit of implementing a robust data analysis framework?

Improved forecasting capabilities for strategic planning (D) Signup and view all the answers

What is the significance of a separate MIS division in the bank?

It improves the bank's decision making capabilities (B) Signup and view all the answers

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 (B) Signup and view all the answers

What is the primary goal of a bank's MIS division?

To aid decision making through report preparation (C) Signup and view all the answers

What is the primary goal of data management in the context of banking operations?

To support informed decision-making through data analysis (B) Signup and view all the answers

What is the primary challenge of managing large volumes of data in banking operations?

Managing the complexity of data integration from disparate sources (C) Signup and view all the answers

IT Chapter-5

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Questions and Answers

What is the primary purpose of authentication in data access control?

What is the function of authorization in data access control?

What is the primary purpose of accounting in data access control?

What is a multifactor authentication system used for?

What is the purpose of recording session statistics and use data in accounting?

What is the primary reason why banks outsource certain IT jobs?

What type of services can be outsourced by a bank?

What is a critical organizational resource that needs to be managed?

What is the main purpose of a CBS in banking?

What type of department plays a key role in managing IT services in a bank?

What is a primary function of a data center?

What is a critical aspect of data center design?

What components are typically found in a data center design?

Why is data center security important?

What is a key aspect of a data center's environment?

What is a major concern when accessing information on the Web?

What has changed the day-to-day operation of banks?

What is a characteristic of the Web?

What is a result of the change in the banking sector?

What has the introduction of alternative delivery channels led to in the banking sector?

What is information, in the context of an organization?

What is a database, in simple terms?

What is the purpose of a database management system (DBMS)?

What is the lowest level of organization in a database?

What is a collection of related records in a database?

What is an example of a popular database software or DBMS?

What is the process of putting data into context to make decisions?

What is the term for a collection of data organized in a way that a computer program can quickly select desired pieces of data?

What is the term for a single character, number, or symbol in a database?

What is the term for a group of related fields in a database?

What is the primary goal of implementing strong data access controls?

Which of the following is a detective control in restricting database access?

Why is a password policy essential for protecting a bank's systems?

What is the primary purpose of a password policy?

Why is it essential to teach password policy as part of security awareness training?

What significant impact has Information Technology had on global funds transfer?

Why do customers expect to be able to bank at any time and from any location?

What is the role of ICT in the banking sector of Bangladesh?

What has been the impact of technological advancements on financial activity?

What do banks use ICT for, besides customer-facing services?

What is the result of processing, organizing, and structuring data?

What is the purpose of a database?

What is the term for a single character, number, or symbol in a database?

What enables you to enter, organize, and select data in a database?

What is the primary purpose of data in an organization?

What is the primary reason why banks need to practice data resource management?

What is the result of companies having huge volumes of unstructured data?

What is the purpose of processing data in banks?

What is the challenge of managing data in banks?

What is the role of data in banks?

What is one of the modules in CBS that supports Management Information System?

What is one of the key areas where CBS provides support for decision making?

What is one of the benefits of implementing a Core Banking Solution?

What is the goal of the Bank's Technology initiatives?

What is one of the key aspects of the CBS?

What is the main purpose of Data Warehousing in the banking sector?

What is the primary goal of using IT applications in banking?

What is the ultimate benefit of using Internet Payment Gateway?

What is the primary objective of the IT Department in a bank?

What is the role of IT in enabling business decisions in a bank?

What is the primary advantage of consolidating customer data, business data, and transactional data?

How does business and transactional data help banks?

What is the main benefit of mobile banking applications?

What is the primary purpose of advanced security integration in core banking software?

What is the key advantage of using customer communication tools like SMS and email?

What is the main purpose of Data Management in Online Banks?

Which of the following is NOT a service that can be outsourced by a bank?

What is the role of ICT department in a bank?

What is the significance of Data and Information in a bank?

Why do banks outsource some IT jobs?

What is the primary function of a separate MIS division in a bank?

What is the significance of data mining and data analytics in a bank?

What is the primary benefit of having a strong database management system in a bank?

What is the role of the Data Centre in NCC bank?

What is the significance of a Disaster Recovery Site (DRS) in a bank?

What is the primary function of a bank's MIS division?