Banking and Normative Ethics in Management
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Ethics in Banking — Ethics in Banking.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
Which normative ethics theory focuses on adherence to rules and duties regardless of the outcomes or consequences?
Deontological ethics holds that actions must follow rules and duties irrespective of their consequences.
Which ethical theory holds that bribery is wrong by its very nature regardless of consequences?
Deontological (non-consequentialist) ethics rejects consequence-based reasoning.
A bank officer approves a loan strictly only after complete documentation is submitted, even in emergencies — which ethical theory does this reflect?
This reflects deontological ethics, where the rule is followed strictly without considering consequences.
In virtue ethics, what does morality spring from according to the chapter?
Morality springs from the identity and character of the individual.
Which normative ethics theory would most likely support approving a loan for a creditworthy customer with emergency needs even if documentation is incomplete?
Consequentialism would support approving the loan because it focuses on outcomes — helping a genuinely creditworthy customer in need.
What does virtue ethics emphasise — 'being good' or 'doing good'?
Virtue ethics emphasises being good rather than doing good.
Which ethical theory judges the morality of an action based on the greatest good for the greatest number?
Utilitarian ethics judges actions by seeking the greatest good for the greatest number of people.
Under justice theory, what does fair distribution mean in ethics?
Balance of benefits and burdens equally distributed in society.
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