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All questions of Information Technology for Bank Exams Exam

What is the primary advantage of cloud computing mentioned in the text?
  • a)
    Lower cost
  • b)
    Higher security
  • c)
    Limited scalability
  • d)
    Reduced collaboration
Correct answer is option 'A'. Can you explain this answer?

Ayush Kulkarni answered
The primary advantage of cloud computing mentioned in the text is lower cost. Cloud computing refers to the delivery of computing services, including servers, storage, databases, networking, software, analytics, and intelligence, over the internet. It allows individuals and businesses to access computing resources on-demand without the need for investing in and maintaining physical infrastructure.

Lower Cost:
Cloud computing offers several cost-saving benefits, making it a popular choice for individuals and businesses alike.

1. No upfront capital investment: With cloud computing, there is no need to invest in expensive hardware and software infrastructure. Instead, users can pay for computing resources on a pay-as-you-go basis, which significantly reduces upfront costs.

2. Reduced operational costs: Cloud computing eliminates the need for maintaining and managing physical servers, which can be expensive. By leveraging cloud service providers, businesses can save on costs associated with hardware maintenance, software updates, security measures, and energy consumption.

3. Scalable pricing models: Cloud services typically offer flexible pricing models that allow users to scale their resources up or down based on their needs. This eliminates the need to over-provision resources, ensuring that businesses only pay for what they actually use.

4. Economies of scale: Cloud service providers operate massive data centers and can achieve economies of scale by serving a large number of customers. This enables them to offer services at a lower cost compared to individual businesses setting up their own infrastructure.

5. Reduced personnel costs: With cloud computing, businesses can rely on the expertise of cloud service providers for managing and maintaining the infrastructure. This eliminates the need for in-house IT staff dedicated to infrastructure management, resulting in cost savings.

By leveraging the cost-saving advantages of cloud computing, businesses can allocate their resources more efficiently, invest in innovation, and focus on their core competencies. Additionally, individuals can benefit from lower costs when using cloud-based applications and services for personal use.

What is one of the challenges facing the implementation of 5G technology in India?
  • a)
    Abundant spectrum allocation
  • b)
    Lack of government incentives
  • c)
    Low auction reserve prices
  • d)
    Efficient spectrum use
Correct answer is option 'B'. Can you explain this answer?

Vikram Verma answered
One of the challenges facing the implementation of 5G technology in India is the lack of government incentives. Government support and policies can play a significant role in promoting the adoption and development of 5G technology.

What is the primary focus of incentivizing local design and manufacture of 5G technologies?
  • a)
    Reducing data privacy concerns
  • b)
    Enhancing voice clarity
  • c)
    Promoting domestic innovation
  • d)
    Increasing spectrum allocation
Correct answer is option 'C'. Can you explain this answer?

Priya Menon answered
Incentivizing the local design and manufacture of 5G technologies primarily focuses on promoting domestic innovation and supporting the growth of the technology industry within the country.

What encryption technique is used with the secret key generated through Quantum Key Distribution (QKD)?
  • a)
    RSA encryption
  • b)
    AES encryption
  • c)
    Quantum encryption
  • d)
    One-time pad encryption
Correct answer is option 'D'. Can you explain this answer?

The secret key generated through Quantum Key Distribution (QKD) is used with the one-time pad encryption technique, which is known for its exceptional security. One-time pad encryption uses a truly random key that is as long as the message being encrypted, making it highly secure.

What is the primary function of Digital Signature Certificates (DSC)?
  • a)
    To encrypt electronic content.
  • b)
    To serve as proof of identity.
  • c)
    To secure physical documents.
  • d)
    To replace passports and driver's licenses.
Correct answer is option 'B'. Can you explain this answer?

Kavita Shah answered
Digital Signature Certificates (DSC) primarily serve as proof of identity and are used to validate digital documents, messages, or transactions. They are electronic equivalents of physical certificates like passports or driver's licenses.

What did the SC Garg Committee recommend regarding cryptocurrencies in India?
  • a)
    A complete ban on all digital currencies.
  • b)
    Encouragement of cryptocurrency mining.
  • c)
    No recommendations related to cryptocurrencies.
  • d)
    A ban on holding and trading cryptocurrencies.
Correct answer is option 'D'. Can you explain this answer?

Meera Kapoor answered
The SC Garg Committee recommended a ban on holding, transacting, or dealing with cryptocurrencies in any form, as mentioned in the text. It proposed penalties, including jail terms and monetary fines, for engaging in cryptocurrency exchange or trading.

Which nation had oversight over ICANN until September 30?
  • a)
    Russia
  • b)
    China
  • c)
    United States
  • d)
    United Kingdom
Correct answer is option 'C'. Can you explain this answer?

The United States had oversight over ICANN until September 30 when the contract with the U.S. Commerce Department's National Telecommunications and Information Administration (NTIA) expired.

What is the primary purpose of public key encryption in the context of digital signatures?
  • a)
    To encrypt documents for secure storage.
  • b)
    To create an encrypted signature of the document.
  • c)
    To decrypt documents for authentication.
  • d)
    To share sensitive information with the public.
Correct answer is option 'B'. Can you explain this answer?

Sanjay Rana answered
In the context of digital signatures, public key encryption is primarily used to create an encrypted signature (hash) of the document using the signer's private key. This signature is then used to verify the document's authenticity and integrity.

What is the primary benefit of Central Bank Digital Currency (CBDC) in terms of currency management?
  • a)
    CBDC reduces digital literacy requirements.
  • b)
    CBDC eliminates the need for digital payments.
  • c)
    CBDC reduces the cost of physical currency management.
  • d)
    CBDC requires additional currency printing.
Correct answer is option 'C'. Can you explain this answer?

Arun Khatri answered
The primary benefit of Central Bank Digital Currency (CBDC) is that it reduces the cost associated with physical currency management. CBDC eliminates the need for printing physical currency and storing coins, which can be expensive and cumbersome.

What is the primary advantage of Quantum Key Distribution (QKD) over traditional encryption methods?
  • a)
    QKD relies on mathematical algorithms for security.
  • b)
    QKD uses photons to establish secure communication.
  • c)
    QKD is vulnerable to quantum computing threats.
  • d)
    QKD is not traceable if data interception occurs.
Correct answer is option 'B'. Can you explain this answer?

Arun Khatri answered
The primary advantage of Quantum Key Distribution (QKD) over traditional encryption methods is that it uses the unique properties of quantum particles, such as photons, to establish secure communication channels. Photons offer a higher level of security as they cannot be perfectly copied, and any attempt to measure them will inevitably disturb them, making QKD encryption practically unbreakable.

Which of the following is NOT one of the key uses of digital signatures mentioned in the text?
  • a)
    Streamlining Industries
  • b)
    Government Applications
  • c)
    Cryptocurrency Authentication
  • d)
    Personal Identification Documents
Correct answer is option 'D'. Can you explain this answer?

Sanjay Rana answered
The text does not mention that digital signatures are used for personal identification documents. Instead, they are primarily used for proof of identity and validation of digital documents.

What potential challenge is associated with the implementation of Central Bank Digital Currency (CBDC)?
  • a)
    Increased privacy concerns
  • b)
    Decreased digital literacy
  • c)
    Reduced cybersecurity risks
  • d)
    Enhanced regulatory clarity
Correct answer is option 'B'. Can you explain this answer?

Anita Desai answered
One potential challenge associated with the implementation of Central Bank Digital Currency (CBDC) is the decreased digital literacy among a significant portion of the population. This lack of digital literacy could hinder the adoption and use of CBDC.

What is the main limitation of Li-Fi technology?
  • a)
    Limited security
  • b)
    Continuous illumination requirement
  • c)
    Long communication range
  • d)
    Low installation costs
Correct answer is option 'B'. Can you explain this answer?

Sanjay Rana answered
The main limitation of Li-Fi technology is the requirement for continuous illumination, which means lightbulbs need to be on during the day for connectivity.

Which generation of mobile technology introduced digital signals and GSM technology?
  • a)
    1G
  • b)
    2G
  • c)
    3G
  • d)
    4G
Correct answer is option 'B'. Can you explain this answer?

Aditya Kumar answered
2G, the second generation of mobile telephony, introduced digital signals and GSM (Global System for Mobile Communications) technology. This transition from analog to digital signals marked a significant improvement in voice quality and paved the way for text and multimedia messaging.

What is one of the benefits of 5G technology for the communication sector in India?
  • a)
    Limited economic impact
  • b)
    Slow adoption of emerging technologies
  • c)
    Ultra-low latency for real-time data transmission
  • d)
    Reduced revenue potential
Correct answer is option 'C'. Can you explain this answer?

Vikram Verma answered
One of the benefits of 5G technology for the communication sector in India is ultra-low latency, which enables real-time data transmission. This is crucial for applications like IoT (Internet of Things) and driverless vehicles.

Why might the implementation of CBDC expose the financial system to cybersecurity threats?
  • a)
    CBDC relies on traditional encryption methods.
  • b)
    CBDC is not connected to the internet.
  • c)
    CBDC involves the collection of personal data.
  • d)
    CBDC introduces digital transactions that could be targeted by cyberattacks.
Correct answer is option 'D'. Can you explain this answer?

Anita Desai answered
The implementation of Central Bank Digital Currency (CBDC) could expose the financial system to cybersecurity threats because it introduces digital transactions that could be targeted by cyberattacks. This is a concern that needs to be addressed to ensure the security of CBDC.

What is Li-Fi technology primarily based on?
  • a)
    Radio waves
  • b)
    Visible light
  • c)
    Sound waves
  • d)
    Microwaves
Correct answer is option 'B'. Can you explain this answer?

Sanjay Rana answered
Li-Fi technology is primarily based on visible light, not radio waves, sound waves, or microwaves. It utilizes light emitted by LED bulbs to transmit data.

What is one challenge in the implementation of Li-Fi technology discussed in the text?
  • a)
    Lack of IoT devices
  • b)
    Difficulty in developing integrated chips
  • c)
    Low data transmission speeds
  • d)
    Interference from Wi-Fi signals
Correct answer is option 'B'. Can you explain this answer?

Deepa Iyer answered
One challenge in the implementation of Li-Fi technology is the difficulty in developing and mass-producing integrated chips that combine light-to-electrical conversion and data-processing capabilities.

What is the significance of aligning Digital India with 5G technology?
  • a)
    Slowing down digital transformation
  • b)
    Reducing spectrum efficiency
  • c)
    Accelerating digital innovation
  • d)
    Limiting IoT development
Correct answer is option 'C'. Can you explain this answer?

Priya Menon answered
Aligning Digital India with 5G technology is significant because it accelerates digital innovation and enables the country to harness the full potential of the digital era. This alignment can lead to transformative changes in various sectors.

What was one of the significant advancements brought by 3G technology?
  • a)
    High-speed mobile web access
  • b)
    Digital signals
  • c)
    Analog voice transmission
  • d)
    Bulky mobile phones
Correct answer is option 'A'. Can you explain this answer?

Vikram Verma answered
3G technology, the third generation of mobile communication, provided high-speed mobile web access, allowing users to use web-based applications like video conferencing and multimedia emails. This was a significant advancement compared to the previous generations.

What is the expected cumulative economic impact of 5G in India by 2035?
  • a)
    $100 billion
  • b)
    $1 trillion
  • c)
    $10 billion
  • d)
    $100 million
Correct answer is option 'B'. Can you explain this answer?

Priya Menon answered
5G technology is expected to create a cumulative economic impact of $1 trillion in India by 2035. This indicates the substantial potential for economic growth associated with 5G technology.

Which generation of mobile technology facilitated cloud computing and IP telephony?
  • a)
    1G
  • b)
    2G
  • c)
    3G
  • d)
    4G
Correct answer is option 'D'. Can you explain this answer?

Meera Kapoor answered
4G, the fourth generation of mobile communication, facilitated cloud computing and IP (Internet Protocol) telephony. It offered high-speed mobile web access, enabling efficient data transfer and access to cloud-based services.

What is a potential risk associated with cloud computing, as mentioned in the text?
  • a)
    Data loss due to encryption key loss
  • b)
    Decreased maintenance costs
  • c)
    Improved disaster recovery
  • d)
    Enhanced data control
Correct answer is option 'A'. Can you explain this answer?

Aditya Kumar answered
A potential risk associated with cloud computing is data loss due to encryption key loss. If the encryption key is lost, it can lead to data loss, and data recovery becomes difficult

When was ICANN founded?
  • a)
    1995
  • b)
    1998
  • c)
    2005
  • d)
    2010
Correct answer is option 'B'. Can you explain this answer?

Deepa Iyer answered
ICANN was founded in 1998 as a non-profit entity with the purpose of managing global domain names and IP addresses.

What type of payments does CBDC enable in real-time?
  • a)
    Inter-bank settlements
  • b)
    Delayed transactions
  • c)
    Physical cash payments
  • d)
    International wire transfers
Correct answer is option 'A'. Can you explain this answer?

Meera Kapoor answered
Central Bank Digital Currency (CBDC) enables real-time inter-bank settlements, allowing transactions to occur instantly without delays. This can streamline financial transactions and improve efficiency in the banking system.

Which cryptographic technique is used to verify the authenticity and integrity of electronic content through a mathematical process?
  • a)
    Symmetric Encryption
  • b)
    Asymmetric Encryption
  • c)
    Digital Signature
  • d)
    Public Key Infrastructure (PKI)
Correct answer is option 'C'. Can you explain this answer?

Kavita Shah answered
A digital signature is a cryptographic technique used to verify the authenticity and integrity of electronic content. It involves creating an encrypted signature (hash) of a document using a private key, and any alteration to the document invalidates the digital signature.

How does Quantum Key Distribution (QKD) enhance cybersecurity?
  • a)
    QKD relies on traditional encryption methods.
  • b)
    QKD makes data breaches easier for malicious actors.
  • c)
    QKD can protect sensitive information from hacking attempts.
  • d)
    QKD has no impact on cybersecurity.
Correct answer is option 'C'. Can you explain this answer?

Quantum Key Distribution (QKD) enhances cybersecurity by offering a highly secure method of data encryption. It can protect sensitive information from hacking attempts because of its virtually unhackable nature, based on the fundamental properties of quantum particles.

What privacy concern is associated with CBDC implementation?
  • a)
    Collection of personal data for verification
  • b)
    Lack of transparency in financial transactions
  • c)
    Decreased government control over currency
  • d)
    Limited access to digital payments
Correct answer is option 'A'. Can you explain this answer?

Deepa Iyer answered
One privacy concern associated with CBDC implementation is the collection of basic individual information for verification purposes. This raises concerns about how personal data is handled and used in the context of CBDC transactions.

What is one of the benefits of Voice over LTE (VoLTE) technology in 4G?
  • a)
    Inefficient spectrum use
  • b)
    Poor voice clarity
  • c)
    High battery usage
  • d)
    Simultaneous data and voice calls
Correct answer is option 'D'. Can you explain this answer?

Aditya Kumar answered
Voice over LTE (VoLTE) technology in 4G allows for simultaneous data and voice calls, making data transfer more efficient. It improves the user experience by enabling both voice and data communication concurrently.

Which of the following is an advantage of Li-Fi technology mentioned in the text?
  • a)
    Long communication range
  • b)
    Limited security
  • c)
    Green technology
  • d)
    High installation costs
Correct answer is option 'C'. Can you explain this answer?

Sanjay Rana answered
An advantage of Li-Fi technology is that it is environmentally friendly and considered a green technology, as it does not produce pollution and consumes less power.

What is the primary characteristic of 1G mobile communication technology?
  • a)
    Analog signals
  • b)
    Digital signals
  • c)
    High-speed data transmission
  • d)
    Improved voice quality
Correct answer is option 'A'. Can you explain this answer?

Aditya Kumar answered
1G, or first-generation mobile communication, primarily used analog signals for data transmission, which resulted in limited data speeds and poor voice quality. This technology was introduced in the early 1980s for voice communication.

What is one limitation of cloud computing mentioned in the text?
  • a)
    Lower cost
  • b)
    Improved disaster recovery
  • c)
    Geographical reach
  • d)
    Internet connectivity
Correct answer is option 'C'. Can you explain this answer?

Kavita Shah answered
One limitation of cloud computing mentioned in the text is geographical reach, as connectivity issues in one location can affect users elsewhere.

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