ICT · Information Technology
Evaluate the correctness of the following statements: Statement 1: Enterprise Resource Planning (ERP) systems are integrated software suites that manage core business processes. In a bank, an ERP can integrate back-office functions like payroll with core banking solutions. Statement 2: The System Development Life Cycle (SDLC) consists of phases including planning, analysis, design, implementation, and maintenance, ensuring systematic development of Management Information Systems. Statement 3: Cloud computing models (IaaS, PaaS, SaaS) offer scalability for MIS, but introduce data security risks, prompting guidelines from the Reserve Bank of India (RBI) regarding IT outsourcing. Identify the correct evaluation of these statements:
- 1All statements are correct✓
- 2Only Statement 1 is correct
- 3Statement 2 and Statement 3 are correct
- 4Statement 1 and Statement 2 are correct
Correct answer
All statements are correct
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