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Master Direction on Information Technology Governance Quiz
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Master Direction on Information Technology Governance Quiz

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Questions and Answers

What is the role of the Board of Directors in IT Governance?

They have a role in IT Governance.

What is the purpose of the IT Strategy Committee of the Board?

To oversee IT strategy.

What is the focus of Chapter III in the document?

IT Infrastructure & Services Management.

What does Chapter III address regarding IT Services Management?

<p>It addresses IT Services Management.</p> Signup and view all the answers

What are some of the aspects covered in Chapter III of the document?

<p>Third-Party Arrangements, Capacity Management, Project Management, Change and Patch Management, Data Migration Controls, Audit Trails, and Cryptographic controls.</p> Signup and view all the answers

What is the purpose of the Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices?

<p>To update and consolidate the instructions relating to Information Technology (IT) Governance and Controls, Business Continuity Management and Information Systems Audit.</p> Signup and view all the answers

Who are the intended recipients of the Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices?

<p>Scheduled Commercial Banks (excluding Regional Rural Banks); Small Finance Banks; Payments Banks; Non-Banking Financial Companies; Credit Information Companies; and All India Financial Institutions (EXIM Bank, NABARD, NaBFID, NHB and SIDBI).</p> Signup and view all the answers

When were the draft guidelines for the Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices published?

<p>October 2022.</p> Signup and view all the answers

What was announced in the Statement on Developmental and Regulatory Policies released with the Bi-monthly Monetary Policy Statement 2021-22 on February 10, 2022?

<p>It was announced that draft guidelines, updating and consolidating the instructions relating to Information Technology (IT) Governance and Controls, Business Continuity Management and Information Systems Audit, will be issued by the Reserve Bank of India.</p> Signup and view all the answers

What feedback influenced the final Reserve Bank of India (Information Technology Governance, Risk, Controls and Assurance Practices) Directions, 2023?

<p>Feedback received after the publication of the draft guidelines in October 2022.</p> Signup and view all the answers

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