Digital Banking by CIBN

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Questions and Answers

Which organization is associated with the 'Digital Banking' study pack?

Nigerian Stock Exchange
Central Bank of Nigeria
Federal Ministry of Finance
The Chartered Institute of Bankers of Nigeria (correct)

What year is the digital banking material copyrighted?

2022
2019
2021 (correct)
2020

Without explicit permission, what action is restricted regarding the digital banking publication?

Referencing in academic research.
Discussing general principles.
Summarizing key concepts.
Reproducing any part. (correct)

Imagine a student wants to incorporate a diagram from the 'Digital Banking' study pack into their project, what should they do?

Seek permission from The Chartered Institute of Bankers of Nigeria. (B) Signup and view all the answers

How does the Chartered Institute of Bankers of Nigeria likely view unauthorized distribution of the 'Digital Banking' study pack?

As an infringement of copyright. (C) Signup and view all the answers

From a legal standpoint, what protection does the copyright provide to The Chartered Institute of Bankers of Nigeria?

Exclusive rights to authorize how the 'Digital Banking' study pack is used. (A) Signup and view all the answers

What is implied by the title 'Digital Banking' in the context of the study pack?

An exploration of electronic and online banking technologies. (C) Signup and view all the answers

Predict which topics might be covered within a 'Digital Banking' study pack.

The role of blockchain technology in banking (D) Signup and view all the answers

A financial analyst is preparing a report on digital banking trends in Nigeria, can they freely copy large sections of the study pack?

No, they likely need permission from The Chartered Institute of Bankers of Nigeria. (B) Signup and view all the answers

If a bank develops a new mobile app based on concepts learned from the material, does the copyright of the study pack prevent them from launching the app?

No, the copyright protects the study pack itself, not the general concepts. (B) Signup and view all the answers

What does the 'STUDY PACK' label signify in the context of the 'Digital Banking' material?

It's a comprehensive manual for students and professionals. (D) Signup and view all the answers

A university lecturer wants to share some screenshots of the study pack with his students in digital form for training purposes, what condition applies?

He needs to seek permission from The Chartered Institute of Bankers of Nigeria. (A) Signup and view all the answers

How could The Chartered Institute of Bankers of Nigeria ensure wider access to this study pack while protecting their copyright?

By offering licenses for specific uses or creating an online subscription model. (A) Signup and view all the answers

In a hypothetical scenario, a technology company develops an AI-powered digital banking assistant, can they freely use ideas described in the study pack?

Yes, as copyright doesn't protect ideas, only the specific expression of those ideas. (C) Signup and view all the answers

A blog post summarizes key trends from different sources, including the Digital Banking study pack. What constitutes fair use in this case?

Using data and insights while properly citing the source. (B) Signup and view all the answers

Which action demonstrates compliance with the copyright notice on the 'Digital Banking' study pack?

Creating a training video based on the study pack with proper attribution and permission. (B) Signup and view all the answers

Consider a digital banking course that uses the study pack as a core material. What responsibilities does the course provider have regarding copyright?

The course provider must properly license the material or ensure students purchase authorized copies. (D) Signup and view all the answers

A startup is building a digital banking platform and references ideas from the study pack while designing its user interface. What legal consideration applies?

The startup can use the ideas from the study pack freely to create innovative interfaces. (A) Signup and view all the answers

To legally use the Digital Banking study pack for commercial training purposes, what step is most crucial?

Obtaining explicit permission or a license from The Chartered Institute of Bankers of Nigeria. (D) Signup and view all the answers

A consultancy firm wants to develop a sophisticated digital banking risk assessment tool, basing its conceptual framework on the study pack. What action should it take?

Incorporate concepts while ensuring their unique implementation doesn't directly copy protected material. (C) Signup and view all the answers

Flashcards

Digital Banking

Banking services delivered through electronic channels like the internet and mobile devices.

Study Pack

A collection of study materials on a particular subject, often used for self-study.

The Chartered Institute of Bankers of Nigeria

The organization responsible for banking standards and education in Nigeria.

Study Notes

Digital Banking is a study pack by The Chartered Institute of Bankers of Nigeria.
It is copyrighted in 2021.
All rights are reserved, and no part of the publication may be reproduced.

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