General Management · Management Information Systems
Which of the following statements describes the functional role and data processing relationship within a Management Information System (MIS) implemented in a commercial bank?
- 1The MIS is a public repository where bank customers can openly view the credit scores and personal loan details of other borrowers.
- 2The MIS is a physical hardware-only database that does not require network connectivity.
- 3The MIS acts as an integrated system that converts raw transactional data from the Core Banking Solution (CBS) into structured information to support strategic and tactical decision-making.✓
- 4The MIS serves only as a static record-keeping tool for manual annual auditing.
Correct answer
The MIS acts as an integrated system that converts raw transactional data from the Core Banking Solution (CBS) into structured information to support strategic and tactical decision-making.
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