ETHICS IN BANKING – SELF PACED LEARNING : FINAL EXAM QUESTION BASED ON MEMORY

 ETHICS IN BANKING – SELF PACED LEARNING : FINAL EXAM QUESTION BASED ON MEMORY

Who argued that life lived in with the virtues is best life for any human being? 

Aristotle

What type of ethical system is utilitarianism? 

Normative Ethical System. 

Which among the following set higher standards and can also provide intense motivation for ethical behaviour? 

Religion 

Which among the following is a characteristic of Business Ethics? 

Moral Principle System 

 Who said in a capitalist economy, both industry nd customers co exist for the benefit of each other?

Adam Smith 

__________ is that things are as they are supposed to be , and not concealed in some caustically manner 

Openness 

Which among the following is a financial regulator in India 

PFRDA

Which among the following is not standard banking code of conduct ? 

Profitability 

How many components are there in Ethics ? 

Five 

How many types of utilitarianism is there in application angle? 

Two (Act & Rule)

Which among the following is not a type of Right? 

(Ans was none of these) 

Explanation of customary morality ? 

Egoism theory is based on ? 

Self Interest at centre point 

Which among the following action is unethical? 

Mis selling financial derivatives without seeing suitability and explaining the same 

________________ is a concept of desirable behaviour? 

Values 

_______________ are the standards of thoughts ?

Beliefs 

Which among the following is not Banks code for MSME? 

Helping in repayment of loan 

Which of the following risk is mostly associated with outsourcing ? 

Compliance Risk 

______________ is the use of third party to perform activities on a continual basis 

Outsourcing 

What type of code of conduct is to use bank resources for personal use? 

Abuse of official position

RBI notified commercial banks in India for implementation to avoid sexual harassments because of 

Hon Supreme Court guidelines 

Job discrimination means denial of opportunity based on 

Race/Religion, Caste & sex 

A business that makes nothing but profit is a poor kind of business is said by 

Henry Ford

As per CSR Act the companies should spent ______ percentage of their average net profit in the previous three years for CSR ? 

2% 

Who require urgent attention in bank service ? 

Under privileged or illiterate customers 

Which among the following is major cause of unethical behaviour ? 

Non availability of coded of Ethics Manual 

Which among the following is a remedial measures for breach of Ethics ? 

Nipping of the unethical behaviour in the bud

A fraud amounting to Rs 1 Crore in a foreign bank to be reported to ____________

Which among the following leadership style conforms to highest ethical behaviour standard?

Moral Leadership 

Emerging financial technology is ____________

FinTech

Data to be _________ while sending and receiving to avoid misuse? 

Encrypted 

_____________ covers literary or artistic work from misuse 

Copyright 

Exclusive right granted for invention of product or a process is 

Patent 

According to World bank __________ concerns the system by which companies are directed and controlled ? 

Corporate Governance 

How many types of corporate models are suggested by Bob Ticker ? 

Five 

A company with headquarters in one country and they operate in many countries 

MNC

_______________ carried out a publication titled “Foreign Bribery offence and its Enforcement in eastern Europe & Central Asia”

OECD

Which committee recommend Audit committee to be composed of solely independent directors, minimum with three directors, each of who is financially literate. 

Blue Ribbon Committee. 

GCNI has carried out how many initiatives so far in India ? 

Three 

Which of the following is a first source to learn core values like integrity, credibility, truthfulness, responsibility, fairness etc 

Family 

RBI has brought up the code on ethics to its employees through ___________

Ethics @ Work 

Which of the following business cycle lasts 15-20 years 

Kuznets cycles 

According to _____________ ethics derived from Greek word Ethos & Latin word Mores

Institute of Cornell-NY

Explanation of Ethical dilemma 

Which of the following is not true about virtues ?

Virtues is by birth

Which among the following are the functions of RBI

All the above 

__________ is written or unwritten codes of guidelines and values that influence the decisions and actions within a company ? 

Business Ethics

Politically Exposed person is classified as ________

High Risk 

One should not entertain customers based on ________

Caste, Religion or economic status in society 

Explanation of HRM Ethics 

Data Protection Bill is based on which committee ? 

Justice Srikrishna 

Major causes of unethical behaviour in workplace ? 

All of the above. 

There were three case studies, each with five questions from each case. The same is based on decision making at the given case. Derive best answer based on logic ,keeping the ethics at centre point. Overall 78-80 questions were there. Time was sufficient, but spend good time to understand case studies. All the best & Happy learning !!!

Ravikumar P