General Studies · Banking Infrastructure and Security

Evaluate the correctness of the statements below concerning Core Banking Solution (CBS) database management, business continuity, and architecture: Statement 1: The Centralized Database of a CBS environment allows consolidated reporting and advanced CRM. Statement 2: This centralization creates a 'Single Point of Failure' risk, mitigated by maintaining a Disaster Recovery (DR) site in a different seismic zone. Statement 3: Data replication can be synchronous (which ensures zero data loss but increases network latency) or asynchronous. Statement 4: Branch-level operational staff do not need deep technical back-end replication knowledge but must participate in periodic DR Drills. Statement 5: A 'Three-Way Data Center' architecture keeps a third copy at a 'Near-Site' to allow zero data loss replication with minimal latency. Statement 6: Some cooperative banks use the 'Application Service Provider' (ASP) model hosted on a shared cloud to reduce capital expenditure. Statement 7: Cloud-based CBS auditing and security are governed by strict regulatory standards with the bank remaining ultimately responsible. Which of the following assessments is correct?