Ethics at the Individual Level
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 65 rapid-fire Q&A cards.
What is the primary ethical obligation of a bank employee who witnesses a senior manager approving loans to relatives without due process?
The employee should report the misconduct through the bank's whistle-blower mechanism while documenting the facts, prioritising loyalty to the institution over personal loyalty.
What must be true of a 'value' according to the chapter's definition?
It must be desirable for all, with universal command and acceptability.
Why is ignoring misconduct by a colleague or superior considered an ethical failure for a bank employee?
Ignoring misconduct makes the employee complicit in the wrongdoing, as individual ethical responsibility requires speaking up against violations of due process.
How does the chapter distinguish a terminal value from an instrumental value?
Terminal value is an ultimate end-state; instrumental value is a behaviour mode to achieve it.
What does the term 'ethics at the individual level' mean in the context of banking?
It refers to the personal moral standards and conduct that each bank employee is expected to uphold in their daily professional actions and decisions.
What failure does 'management by values' address when praised values are ignored in practice?
Misalignment between stated values and actual behaviour, creating double standards.
Why is institutional loyalty considered more important than personal loyalty in banking ethics?
Institutional loyalty ensures that processes, fairness, and public trust are protected, whereas personal loyalty can lead to favouritism and corruption that harm the bank and its customers.
Why is non-disclosure of a family relationship in a business recommendation ethically problematic?
It creates an undisclosed conflict of interest, breaching integrity even if justified.
MCQ practice tests
Chapter-wise mock tests with instant scoring.
More chapters in Module A
Master the full ETHICS syllabus
Every chapter of Ethics in Banking — videos, tests, notes and one-liner decks in one place.