Name: MS425 Electronic Banking and IT in Banks ignou solved answers
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Important announcement: Last date of ignou ms425 assignment submission for January 2022 session is 30th April, 2022 and for July 2022 session is 31st October,2022)

1. What is a Virtual Private Network (VPN)? Discuss the categories of VPN products and their role in the financial sector.
2. Explain the concept of Electronic Commerce. What are the reasons for electronic commerce not becoming most common method of carrying out business transactions. Discuss the issues important to the design of an electronic commerce framework.
3. Discuss the principle of Biometric Security. What are the different Biometric techniques that are widely used?
4. Explain the concepts of Outsourcing and Cosourcing. What are their advantages and disadvantages? Discuss the important phases through which organizations go through during the process of Outsourcing.
5. What do you understand by the term ‘Groupware Computing’? Explain the model of groupware. Describe in detail the Group Decision Support System (GDSS).

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MS425 IGNOU Assignment Question for Answer

1. What do you understand by ‘Network Standardization’? Discuss the different categories of Standards. Describe the role of various organisations involved in the development or promotion of Communication Standards.
2. Meet the Manager of a Bank and discuss the transformation brought about by internet in Consumer Banking. Also discuss the major opportunities that internet provides for Banks and other Financial Services institutions to reshape their organizations. Write a note on your discussions.
3. Explain the concept and significance of Wireless Application Protocol (WAP). Discuss the technology and architecture of WAP. Examine the application of WAP in the Financial Sector.
4. “There is an increased reliance on technology by Banks to manage risks”. Discuss, how the use or failure of these technologies expose banks to risk. How do banks manage these risks?
5. Define ‘Data Warehouse’. Why do banks need to have a data warehouse? Discuss the major steps involved in the implementation of data warehouse in a Bank.

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MS425 Electronic Banking and IT in Banks ignou solved answers

Why DistPub for IGNOU MBA Assignments?

MS425 IGNOU Assignment Question for Answer

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