1. Which network topology provides the highest level of redundancy and reliability for critical banking servers, where every node is connected to every other node?
Bus Topology
Mesh Topology
Ring Topology
Star Topology
Explanation:
In a Full Mesh Topology, every device has a dedicated point-to-point link to every other device. If one link fails, data can take an alternative path, ensuring zero downtime for critical systems.
2. In database terms, what is "Data Integrity"?
The size of the database.
The speed of data retrieval.
The cost of data storage.
The accuracy, consistency, and reliability of data throughout its lifecycle.
Explanation:
Data integrity ensures that data remains unaltered during storage, transmission, and processing, which is vital for banking financial records.
3. Most modern Core Banking Solutions (CBS) are built on "Service-Oriented Architecture" (SOA). What is the primary advantage of SOA?
It requires manual coding for every new product.
It stores all data in a single flat file.
It allows different services (like loan processing, payments) to communicate with each other via standard protocols, enabling modularity and reusability.
It works only on mainframe computers.
Explanation:
Service-Oriented Architecture (SOA) breaks down banking functions into distinct, self-contained units ("services") like account validation, interest calculation, etc. These services can be reused across different channels (Mobile, ATM, Net Banking), reducing development time for new products and ensuring consistency across the bank's technology ecosystem.