Information Technology in Financial Services - Stage-II
ISQ Examination (Winter-2006)

Q.1     Please write the alphabate of selected choice in the answer column:       (10)
                                                                                                                                                  (Answer)   

i

ASCII is a,

(A) 6-bit BCD code used by mainframe computers.
(B) 7-bit BCD code used by personal and minicomputers.
(C) 8-bit BCD code used in IBM mainframes.
(D) 9-bit BCD code used in supercomputers.
(E) None of the above

ii

A specialized storage element often found in a processor unit is,

(A) the nonvolatile dynamic RAM chip.
(B) the high-speed buffer or cache unit that’s used as a “scratch pad” during processing.
(C) the volatile ROM chip that’s used to store user data and programs.
(D) the gallium arsenide chip used to slow down processing speeds.
(E) None of the above

iii

Which of the following are not likely to be found on a personal computer main circuit board?

(A) RAM chips                                (B) microprocessor chips                  (C) ROM chips
(D) liquid-crystal display clocks        (E) None of the above

iv

Which of the following features is not likely to be found in a spreadsheet program?

(A) copy command                          (B) move command                  (C) template command
(D) window command                      (E) None of the above

v

The accounting system component that keeps track of debts owed to suppliers is,

(A) accounts receivable                   (B) accounts payable                 (C) sales analysis
(D) inventory control                       (E) None of the above

vi

During the data gathering phase of the system analysis step,

(A) a number of specialized forms may be prepared.
(B) the system design specifications are outlined.
(C) program flow charts are often prepared.
(D) a standards manual is of little use.
(E) None of the above

vii

Which of the following tool is not normally used during system analysis?

(A) system flowchart.                     (B) question checklist.                  (C) grid chart.
(D) program flowchart                    (E) None of the above

viii

A device that protects a computer system from random electrical power spikes is called,

(A) uninterruptible power supply           (B) surge suppressor            (C) transformer
(D) stabilizer                                         (E) None of the above

ix

Which of the following interface enables two dissimilar networks to communicate?

(A) Gateway                                        (B) Bridge                               (C) X.25
(D) Network Interface Card                 (E) None of the above

x

Which of the following communication device interleaves the messages of several low-speed devices and sends them along a single high speed path?

(A) Router                                           (B) Modem                       (C) Concentrator
(D) Multiplexer                                    (E) None of the above

Q.2     State True or False in the answer column. Give brief reasons for your selection in the space            provided below the question:                                                                                                 (10)
                                                                                                                                                   (Answer)

i
An operating system (OS) is an example of a system software package.
 
ii
A mouse is software pointer that shows users how to use the menus.
 
iii
Computers can help people plan activities, but they are of little value in performing the follow-up checks to see if planned goals are being achieved.
 
iv
Computers are commonly used to monitor patients in critical condition and to control laboratory test.
 
v
Computer technology is seldom used in a modern communications network.
 
vi
The FCC usually regulates computer makers.
 
vii
A modem is a device that converts computer output into a form that can be accepted for transmission over many existing telephone lines.
 
viii
Telecommuting benefits those who prefer flexible working hours and regular days at home.
 
ix
The transaction processing system handles the data created by an organization’s business transactions.
 
x
The user errors and the program changes are not the threats to computerized information systems.
 

Q.3    The following terms fit into the blanks in the following sentences. Place the letter of the            correct term in the blank/blanks of the sentence to which it belong.                                    (10)

          (A) mail    (B) sequential     (C) smart card     (D) laser     (E) operating    (F) transaction
          (G) computer    (H) modem    (I) merge       (J) brokerage
                                                                                                                                                 (Answer)

i
A ______ is a fast and accurate electronic system for manipulating symbols (or data) that will accept and store input data, process them, and produce output results under the direction of a stored program of instruction.
 
ii
The organized collection of software that controls the overall operation of a computer is the ______ system.
 
iii
In a ________ file, records are stored one after another, and they must be retrieved in the same order.
 
iv
Communications packages allow people to send electronic _________ to specified users along a network of computers and workstations.
 
v
The _________ is a technological alternative to the magnetic strip device used with automated teller machines.
 
vi
A ________ file is used to update a master file.
 
vii
A beam of ________ light is used to record and retrieve data on optical disks
 
viii
A personal computer user must have a special hardware device called a ________ to link up with a bulletin board system.
 
ix
An online ________ system allows users to display up-to-the-minute prices of stocks and bonds being traded on stock exchange
 
x
Data base management programs can ________ the records found in two files
 

Q.2     Rearrange the scrambled letters (upper case) to spell out the correct word of the following             sentences.                                                                                                                           (10)
                                                                                                                                                   (Answer)

i
A collection of related fields is combined to form a ECRDOR
 
ii
Data base management packages may set up an IEXND to control the sequence in which records are presented in a report.
 
iii
MGPRORA is defined as a set of instructions that causes the computer system to perform specific actions.
 
iv
A folder is a NOCNAITRE for documents.
 
v
The time a task can be delayed without slowing a project is called its ACSLK time.
 
vi
TOURER is a device used on WAN’s to decide the paths along which to send messages
 
vii
A set of conventions by which machines establish communication with one another in a telecommunications environment is called a TOROOPCL.
 
viii
The EEFREAWR software offered for use without charge.
 
ix
ROTP socket is used on the exterior of a computer’s system unit into which a peripheral device may be plugged.
 
x
ARCKT is a path on an Input/output medium where data are recorded.
 

Q.5     What does each of the following acronyms stands for?                                                     (10)

i
EMMS:
 
ii
EFTS:
 
iii
DASD:
 
iv
VDT:
 
v
ISDN:
 
vi
IRM:
 
vii
VLSIC:
 
viii
VSAM:
 
ix
UPC:
 
x
RAD:
 

Q.6
State and explain the functions of input and output devices of an Automated Teller Machine. List all critical sensors and switches that may be integrated into Automated Teller Machine, and describe briefly the various application of ATM (10)
Q.7
What do you understand by an information system? Explain in detail the elements required for a system, and elaborate the types of the system. (10)
Q.8
Describe briefly the concepts of Collaborative Computing. Discuss in detail the working and application of the work group computing. (10)
Q.9

Write brief notes on any four of the following: (20)

(A) Information Security
(B) E-Banking
(C) Business Continuity Management
(D) Software Quality Assurance
(E) Telecommuting
(F) Digital Signature