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APIs (Application Programming Interfaces) are the most efficient method for collecting real-time data from third-party applications. They enable applications to interact and share data seamlessly through defined endpoints. For example, financial institutions use APIs to retrieve live stock market prices or transaction data in real-time. APIs are highly scalable, flexible, and can integrate with automated systems to minimize manual effort. Furthermore, APIs often include robust security measures such as authentication tokens and encryption, ensuring secure and reliable data transfer. The ability to fetch data dynamically and integrate it directly into analytical systems makes APIs indispensable in modern data collection practices. Why Other Options Are Incorrect: • A: Surveys collect data from individuals or groups and are time-consuming, not suitable for real-time needs. • B: Web scraping is useful for extracting data from websites but lacks real-time integration and may violate terms of service. • D: Databases store data but do not inherently provide mechanisms for real-time collection from external applications. • E: Manual entry is labor-intensive, prone to errors, and unsuitable for real-time data acquisition.
As per the KYC related guidelines given by RBI, which of the following is required for conducting V-CIP (Video-Based Customer Identification Process)?
Which of the following risks are associated with Banking Sector?
A Debenture of face value of Rs.500 is currently quoting at Rs.530. The duration of the debenture is 3 years. The market interest rates moved from 4.5%...
Which of the following Statements is/are True?
I- AT-1 bonds are a type of unsecured, perpetual bonds.
II- The return on AT-1 bonds is u...
_______ is the entit y that was formed to identify and check fraudulent activity in lending transactions against equitable mortgages .
What will be the impact on the portfolio’s systematic risk with the increase in the number of stocks in a portfolio?
The price of a forward or futures contract:
Which of the following best describes the primary role of the Central KYC Records Registry (CKYCR)?
Which of the following is identified as “ beneficial owner” for a company , u nder the RBI’s KYC guidelines ?
Which of the following statement concerning credit risk is incorrect?