Directions (Q. 1 – 10): Read the following passage carefully and answer the questions given below it.
Data in the field of business and economics has one of the most important roles to play. It is from this data that businesses are able to extract the required amount of information that can be processed into working data to be used in the running of the business. Businesses realise that the importance of quality data management is one of the keys to ensure that they can enhance the working qualities of their companies and also troubleshoot any of the previous errors that may have been made due to poor data management and analysis.
This form of data has to be analysed critically, especially by big businesses that have a large supply chain to look after owing to the sheer volumes of product and margins that are bought in to the companies. Data governance, when done in the right manner will make it so much easier for companies to move forward with their business and save precious time that may have been lost due to unnecessary errors and lack of good judgment previously. Companies realise that there is a need to invest more into good data quality tools and enable those tools to conform or change the errors that may have been plaguing the productivity of the company at an earlier time.
Data, which due to its high sensitive nature, owing to the fact that it comes from various sources and part of the same information cycle must be in perfect accordance with the cross-referencing data that companies tend to use to make sure that the data in their midst of the right quality and only what is really required and necessary is entered into the system. This is one of the reasons that data cleansing has to be done to make sure that only relevant information gets out and unwanted parts of the information displayed is filtered. Investing in good quality data tools to make sure that the required data is transmitted is one way for companies to go.
Data stewards and software that make sure that only the information that does not question or put the company in a little bit of a fix are in high demand now. With vast amounts of sensitive data being leaked almost every day or the other, companies understand the importance of good data governance.
The initial step in the implementation of a data governance program involves defining the owners or custodians of the data assets in the enterprise. A policy must be developed that specifies who is accountable for various portions or aspects of the data, including its accuracy, accessibility, consistency, completeness, and updating. Processes must be defined concerning how the data is to be stored, archived, backed up, and protected from mishaps, theft, or attack. A set of standards and procedures must be developed that defines how the data is to be used by authorised personnel. Finally, a set of controls and audit procedures must be put into place that ensures ongoing compliance with government regulations.
1. Which of the following benefits will be rendered by data governance?
(A) Good judgements
(B) Saving precious time
(C) Carry out business process efficiently
1) Both A and B
2) Both B and C
3) Only C
4) Only B
5) Both A and C
2. According to the passage which of the following is not true regarding data governance?
1) It enhances the working quality.
2) This is necessary for big companies.
3) It enables to extract the required amount of information
4) It helps in sharing the work load
5) Other than given options
3. Which of the following is not based on the passage?
(A) Data governance delays the process of data management.
(B) Data management is as important as the technology.
(C) Without the appropriate data governance structure it is doubtful whether data management can utilise its true potential.
1) Both A and B
2) Both B and C
3) Both A and C
4) Only B
5) Only C
4. Choose the word which is MOST OPPOSITE in meaning of the word ‘sheer’ as used in the passage?
1) Complete
2) Absolute
3) Moderate
4) Indefinite
5) Diaphanous
5. Choose the word which is MOST SIMILAR in meaning to the word ‘plaguing’ as used in the passage?
1) Assisting
2) Disturbing
3) helping
4) Soothing
5) Harnessing
6. Which of the following is the highest priority for companies?
1) Preventing leakage of sensitive data
2) Controlling concerned officials
3) Managing authority
4) Checking error in production process
5) Other than given options
7. Which of the following is not an objective of the author?
1) Monitoring overall data quality
2) Enhancing data tools
3) Providing data to change initiatives
4) Lessening risk through use of data quality control mechanisms
5) Other than given options
8. Choose the word which is MOST SIMILAR in meaning to the word ‘compliance’ as used in the passage?
1) Conformity
2) Defiance
3) Dissension
4) Rebellion
5) Refusal
9. Which of the following is not an aspect of Data Management?
1) Updating
2) Accuracy
3) Redundancy
4) Consistency
5) Assesibility
10. Which of the following is the reason for regular data cleansing?
1) To maintain high quality of data in the system
2) To make data unidirectional
3) It elevates the level of knowledge and decision making
4) To remove spywares
5) Other than given options
Answers:
1. 2
2. 4
3. 3
4. 3
5. 2
6. 1
7. 5
8. 1
9. 3
10. 1
General Awareness Quiz for Bank Mains Ex...
English Language Quiz For Bank Foundatio...
Reasoning Quiz For Bank Foundation 2024 ...
