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
When there is a change in the profit sharing ratio due to any of the reason, one or more of the existing partners have to surrender some of their old share in favour of one or more of other partners. That surrender of profit in ratio is called sacrificing ratio. Or Sacrifice Ratio.Thanks for sharing Valuable Information and it's very helpful. Being Best Top ca Final institute in bangalore One of the Leading Coaching Centres in bangalore for Chartered Accountancy.
ReplyDeleteThanks for sharing useful Information for the reasearch and it's very helpful. Establishing Policies and Guidelines for Ethical Behaviour : In most of the situations, unethical behaviour results from uncertainties about what is right for the organization compared to what seems right to individuals. To ensure ethical behaviour, these uncertainties are to be changed into certainties about what is considered unethical in a given situation. The organization should state their policies toward behaviour that is considered unethical clearly. There is need for clear guidelines with specific ways of handling situations for enhancing ethical behaviours. Being best ca coaching in hyderabad . One of the Leading Coaching Centres in Hyderabad for Chartered Accountancy.
ReplyDeleteThanks for sharing useful Information. The competition is the basis of business. There are many players in it. Single commodity is produced by a number of producers big or small. Relations with competitors should be governed by basic ethics and the rules of fair play. The business rivalry should not turn into a ruthless battle. Being Best ca course fees in coimbatore . One of the Leading Coaching Centres in Coimbatore for Chartered Accountancy.
ReplyDeleteThanks for sharing useful Information.The competition is the basis of business. There are many players in it. Single commodity is produced by a number of producers big or small. Relations with competitors should be governed by basic ethics and the rules of fair play. The business rivalry should not turn into a ruthless battle. Such competition is often done in many ways Being Best US CMA coaching centre in Coimbatore . One of the Leading Coaching Centres in Coimbatore for US Certified Management Accountants.
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