Ethical Dimensions - Employees
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.
How does the chapter define a 'conflict of interest' for a bank employee?
A conflict of interest exists when an employee must choose whether to advance his or her own interests, those of the organization, or those of some other group.
What is the definition of 'conflict of interest' as per the chapter on ethical dimensions for bank employees?
When employee must choose between personal, organizational, or third-party interests.
Why is ethical conduct by bank employees considered especially important in the banking sector?
Banks deal with public money and public trust, so ethical conduct by employees is critical to maintaining the integrity and stability of the financial system.
Submitting personal travel bills as official tour reimbursement is classified as which type of ethical violation?
Abuse of official position for personal gain.
What is the primary obligation of a bank employee with respect to customer information?
A bank employee is obligated to maintain strict confidentiality of customer information and must not disclose it to unauthorized parties.
What constitutes insider trading by a bank employee as described in the chapter?
Trading on internal client information not yet available to the public.
What does the term 'fiduciary duty' mean in the context of a bank employee's responsibilities?
Fiduciary duty means the employee must act in the best interest of the customer and the organization, placing their interests above personal gain.
Which regulatory body is responsible for regulating insider trading in India?
SEBI (Securities and Exchange Board of India).
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