Computer Science · Information Technology inside Banking
Consider the following statements: Statement 1: The concept of Data Warehousing is to extract transactional data from the Core Banking System (CBS) and organize it for advanced analytical processing. Statement 2: Data Mining techniques are primarily used to identify and block real-time fraudulent transactions in the CBS. Statement 3: The data in a Data Warehouse is generally volatile, meaning it is constantly updated to reflect the latest customer transactions. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only
- 31 and 2 only
- 41 only✓
Correct answer
1 only
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