Banking · Banking Technology
Which of the following statements is true about the role of Big Data in banking? Statement 1: Big Data allows banks to understand customers in greater detail, enabling them to deliver personalized offers and improve customer satisfaction. Statement 2: Big Data has no significant impact on fraud detection and only helps in customer service and sales.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Neither Statement 1 nor Statement 2 is true
- 2Only Statement 2 is true
- 3Only Statement 1 is true✓
- 4Both Statement 1 and Statement 2 are true
Correct answer
Only Statement 1 is true
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Banking?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking Technology MCQs →Want more practice questions on Banking Technology?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Banking · Banking Technology