UGM June 2019 Q28
- A
A process to reject data from the data warehouse and to create the necessary indexes.
- B
A process to load the data in the data warehouse and to create necessary indices.
- C
A process to upgrade the quality of data before it is moved into a data warehouse.
- D
A process to upgrade the quality of data after it is moved into a data warehouse.
- Option : C
- Explanation : Data scrubbing:A technique using pattern recognition and other artificial intelligence techniques to upgrade the quality of raw data before transforming and moving the data to the data warehouse. Also called data cleansing.
Cooperative banks came into existence with the enactment of the Cooperative Credit Societies Act of 1904 which provided for the formation of cooperative credit societies. Subsequently, in 1912, a new act was passed which provided for the establishment of cooperative central banks. Cooperative credit institutions play a pivotal role in the financial system of the economy in terms of their reach, the volume of operations, and the purpose they serve.
Cooperative banks fill in the gaps of banking needs of small and medium-income groups not adequately met through by the public and private sector banks. The cooperative banking system supplements the efforts of the commercial banks in mobilizing savings and meeting the credit needs of the local population.
The cooperative credit sector in India comprises rural cooperative credit institutions and urban cooperative banks. The rural cooperative credit institutions comprise of institutions such as state cooperative banks, district central cooperative banks, and primary agricultural credit societies, which specialize in short-term credit, and institutions such as state cooperative agriculture and rural development banks and primary cooperative agriculture and rural development banks, which specialise in long-term credit.
Urban cooperative banks (UCBs) are mostly engaged in retail banking. They are not permitted to deal in foreign exchange directly because of the high risks involved in the forex business. Only three UCBs, namely the Saraswat Cooperative Bank Limited, the Bombay Mercantile Co-operative Bank Limited and the Mah Maharashtra State Cooperative Bank Limited, have been authorized by the Reserve Bank to deal in foreign exchange.
