DATA COMMUNICATION NETWORKS AND EFT SYSTEMS
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
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Free sample — 8 of 65 rapid-fire Q&A cards.
What is a Wide Area Network (WAN) in the context of banking?
A WAN connects banks and their branches across cities, states, or countries, enabling centralized data sharing and inter-branch transactions over large geographical distances.
What is a Metropolitan Area Network (MAN) in the context of banking?
Network covering a city connecting multiple bank branches together.
What does SWIFT stand for and what is its primary purpose?
SWIFT stands for Society for Worldwide Interbank Financial Telecommunication; it provides a secure messaging network for international financial transactions between banks globally.
What is the full form of IDRBT and where is it located?
Institute for Development and Research in Banking Technology, Hyderabad.
What is Electronic Funds Transfer (EFT) in Indian banking?
EFT is a system that enables electronic movement of funds from one bank account to another without physical exchange of money, using digital communication networks.
What is a modem and what is its function in bank data communication?
Device converting digital signals to analog and back for transmission.
What is the role of INFINET in Indian banking?
INFINET (Indian Financial Network) is the communication backbone of the Indian banking and financial sector, owned by RBI and IDRBT, providing a secure network for inter-bank data communication.
What is the meaning of 'protocol' in the context of data communication networks?
Set of rules governing data transmission between network devices.
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